Northern America: Peanut Butter Market Overview 2021

Peanut Butter Market Size in Northern America

For the third year in a row, the North American peanut butter market recorded growth in sales value, which increased by X% to $X in 2019. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2019 and is likely to continue growth in the near future.

Peanut Butter Production in Northern America

In value terms, peanut butter production rose modestly to $X in 2019 estimated in export prices. The total production indicated a noticeable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2013; afterwards, it flattened through to 2019.

Production By Country in Northern America

The U.S. (X tonnes) constituted the country with the largest volume of peanut butter production, comprising approx. X% of total volume. Moreover, peanut butter production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), more than tenfold.

In the U.S., peanut butter production expanded at an average annual rate of +X% over the period from 2007-2019.

Peanut Butter Exports

Exports in Northern America

For the third year in a row, Northern America recorded decline in overseas shipments of peanut butter and prepared or preserved groundnuts, which decreased by -X% to X tonnes in 2019. Total exports indicated noticeable growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2014 to 2019, the growth exports failed to regain the momentum.

In value terms, peanut butter exports fell to $X in 2019. Over the period under review, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. The level of export peaked at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

In 2019, the U.S. (X tonnes) was the major exporter of peanut butter and prepared or preserved groundnuts, generating X% of total exports. It was distantly followed by Canada (X tonnes), achieving a X% share of total exports.

The U.S. was also the fastest-growing in terms of the peanut butter and prepared or preserved groundnuts exports, with a CAGR of +X% from 2007 to 2019. At the same time, Canada (+X%) displayed positive paces of growth. While the share of the U.S. (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Canada (-X p.p.) displayed negative dynamics.

In value terms, the U.S. ($X) remains the largest peanut butter supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value in the U.S. totaled +X%.

Export Prices by Country

In 2019, the peanut butter export price in Northern America amounted to $X per tonne, rising by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the export prices failed to regain the momentum.

Average prices varied somewhat amongst the major exporting countries. In 2019, the country with the highest price was Canada ($X per tonne), while the U.S. totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada.

Peanut Butter Imports

Imports in Northern America

In 2019, approx. X tonnes of peanut butter and prepared or preserved groundnuts were imported in Northern America; declining by -X% against the previous year. Total imports indicated pronounced growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. The volume of import peaked at X tonnes in 2018, and then fell in the following year.

In value terms, peanut butter imports contracted to $X in 2019. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2013 to 2019, the growth imports remained at a lower figure.

Imports by Country

The purchases of the two major importers of peanut butter and prepared or preserved groundnuts, namely the U.S. and Canada, represented more than two-thirds of total import.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Canada.

In value terms, the largest peanut butter importing markets in Northern America were the U.S. ($X) and Canada ($X), together comprising X% of total imports.

In terms of the main importing countries, Canada saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2019, the peanut butter import price in Northern America amounted to $X per tonne, picking up by X% against the previous year. Import price indicated a measured increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, peanut butter import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while Canada stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in Northern America?

+

The U.S. (374K tonnes) remains the largest peanut butter consuming country in Northern America, comprising approx. 88% of total volume. Moreover, peanut butter consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (50K tonnes), sevenfold.

What are the largest producers of peanut butter and prepared or preserved groundnuts in Northern America?

+

The country with the largest volume of peanut butter production was the U.S. (408K tonnes), accounting for 92% of total volume. Moreover, peanut butter production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (38K tonnes), more than tenfold.

What are the leading suppliers of peanut butter and prepared or preserved groundnuts in Northern America?

+

In value terms, the U.S. ($209M) remains the largest peanut butter supplier in Northern America, comprising 74% of total exports. The second position in the ranking was occupied by Canada ($74M), with a 26% share of total exports.

What are the leading importers of peanut butter and prepared or preserved groundnuts in Northern America?

+

In value terms, the U.S. ($134M) and Canada ($81M) constituted the countries with the highest levels of imports in 2019, together comprising 100% of total imports.

What is the average export price for peanut butter and prepared or preserved groundnuts in Northern America?

+

The peanut butter export price in Northern America stood at $2,792 per tonne in 2019, with an increase of 6% against the previous year.

What is the average import price for peanut butter and prepared or preserved groundnuts in Northern America?

+

In 2019, the peanut butter import price in Northern America amounted to $2,690 per tonne, with an increase of 3.7% against the previous year.