Northern America: Peanut Butter Market 2022

Peanut Butter Market Size in Northern America

The North American peanut butter market expanded rapidly to $X in 2021, picking up by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Peanut Butter Production in Northern America

In value terms, peanut butter production expanded modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Peanut Butter Exports

Exports in Northern America

In 2021, shipments abroad of peanut butter and prepared or preserved groundnuts was finally on the rise to reach X tons after four years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, peanut butter exports rose to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, the United States (X tons) was the largest exporter of peanut butter and prepared or preserved groundnuts, comprising X% of total exports. It was distantly followed by Canada (X tons), achieving a X% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of peanut butter and prepared or preserved groundnuts. At the same time, canada (+X%) displayed positive paces of growth. moreover, canada emerged as the fastest-growing exporter exported in northern america, with a cagr of +X% from 2012-2021. While the share of Canada (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-X p.p.) displayed negative dynamics.

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

In the United States, peanut butter exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Peanut Butter Imports

Imports in Northern America

Peanut butter imports was estimated at X tons in 2021, picking up by X% on the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, peanut butter imports rose rapidly to $X in 2021. Over the period under review, imports, however, showed a slight contraction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of peanut butter imports in 2021 were the United States (X tons) and Canada (X tons), together recording X% of total import.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +X value terms, the largest peanut butter importing markets in Northern America were the United States ($X) and Canada ($X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, dropping by -X% against the previous year. Overall, the import price showed a mild downturn. The pace of growth was the most pronounced in 2019 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-X%).

Source: IndexBox Market Intelligence Platform

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