Northern America: Bread And Bakery Market 2024

Bread And Bakery Market Size in Northern America

The North American bread and bakery market reached $X in 2023, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Bread And Bakery Production in Northern America

In value terms, bread and bakery production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Bread And Bakery Exports

Exports in Northern America

For the third consecutive year, Northern America recorded growth in overseas shipments of bread and bakery, which increased by X% to X tons in 2023. Total exports indicated a temperate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the near future.

In value terms, bread and bakery exports expanded markedly to $X in 2023. In general, exports showed buoyant growth. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are likely to see steady growth in the near future.

Exports by Country

In 2023, Canada (X tons) and the United States (X tons) was the largest exporter of bread and bakery in Northern America, mixing up X% of total export.

From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%).

In value terms, Canada ($X) remains the largest bread and bakery supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Canada stood at X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Bread And Bakery Imports

Imports in Northern America

In 2023, approx. X tons of bread and bakery were imported in Northern America; approximately equating 2022. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to see gradual growth in the immediate term.

In value terms, bread and bakery imports rose markedly to $X in 2023. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

The United States was the major importer of bread and bakery in Northern America, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by Canada (X tons), generating a X% share of total imports.

The United States was also the fastest-growing in terms of the bread and bakery imports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United States ($X) constitutes the largest market for imported bread and bakery in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in the United States totaled X%.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform