Northern America: Peanut Butter Market Overview 2021

Peanut Butter Market Size in Northern America

For the fourth consecutive year, the North American peanut butter market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; 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% against the previous year. Over the period under review, the market hit record highs in 2020 and is likely to see gradual growth in years to come.

Peanut Butter Production in Northern America

In value terms, peanut butter production shrank modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; afterwards, it flattened through to 2020.

Production By Country in Northern America

The U.S. (X tonnes) remains the largest peanut butter producing country in Northern America, 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.

From 2007 to 2020, the average annual rate of growth in terms of volume in the U.S. amounted to +X%.

Peanut Butter Exports

Exports in Northern America

In 2020, the amount of peanut butter and prepared or preserved groundnuts exported in Northern America declined modestly to X tonnes, with a decrease of -X% against the previous year. Total exports indicated a temperate increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. from 2014 to 2020, the growth exports failed to regain the momentum.

In value terms, peanut butter exports reduced modestly to $X in 2020. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. was the largest exporting country with an export of about X tonnes, which recorded 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 2020. At the same time, Canada (+X%) displayed positive paces of growth. The U.S. (+X p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -X% from 2007 to 2020, respectively.

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.

In the U.S., peanut butter exports expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The peanut butter export price in Northern America stood at $X per tonne in 2020, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 when the export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne; afterwards, it flattened through to 2020.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Canada ($X per tonne), while the U.S. amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Peanut Butter Imports

Imports in Northern America

In 2020, imports of peanut butter and prepared or preserved groundnuts in Northern America expanded to X tonnes, picking up by X% compared with 2019 figures. Total imports indicated a pronounced increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, peanut butter imports stood at $X in 2020. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2013 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) and Canada (X tonnes) was the main importer of peanut butter and prepared or preserved groundnuts in Northern America, generating X% of total import.

From 2007 to 2020, the biggest increases were in Canada.

In value terms, the largest peanut butter importing markets in Northern America were the U.S. ($X) and Canada ($X saw 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

In 2020, the peanut butter import price in Northern America amounted to $X per tonne, reducing by -X% against the previous year. Import price indicated a perceptible expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, peanut butter import price decreased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when the import price increased by X% against the previous year. The level of import peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while Canada amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

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The country with the largest volume of peanut butter consumption was the U.S. (389K tonnes), accounting for 89% of total volume. Moreover, peanut butter consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (48K tonnes), eightfold.

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

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The U.S. (418K tonnes) constituted the country with the largest volume of peanut butter production, comprising approx. 92% of total volume. Moreover, peanut butter production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (34K tonnes), more than tenfold.

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

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In value terms, the U.S. ($199M) remains the largest peanut butter supplier in Northern America, comprising 71% of total exports. The second position in the ranking was occupied by Canada ($81M), with a 29% share of total exports.

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

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In value terms, the largest peanut butter importing markets in Northern America were the U.S. ($130M) and Canada ($83M).

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

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The peanut butter export price in Northern America stood at $2,896 per tonne in 2020, rising by 3.6% against the previous year.

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

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In 2020, the peanut butter import price in Northern America amounted to $2,604 per tonne, which is down by -3.2% against the previous year.