Northern America: Sweet Potato Market 2024

Sweet Potato Market Size in Northern America

The North American sweet potato market shrank to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sweet Potato Production in Northern America

In value terms, sweet potato production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The United States (X tons) remains the largest sweet potato producing country in Northern America, accounting for X% of total volume.

From 2012 to 2022, the average annual growth rate of volume in the United States was relatively modest.

The average sweet potato yield reached X tons per ha in 2022, increasing by X% on the year before. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the sweet potato yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the sweet potato harvested area in Northern America contracted to X ha, reducing by X% on 2021 figures. In general, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sweet potato production attained the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Sweet Potato Exports

Exports in Northern America

In 2022, overseas shipments of sweet potatoes decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a strong expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sweet potato exports fell to $X in 2022. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States was the key exporter of sweet potatoes in Northern America, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Canada (X tons), comprising a X% share of total exports.

Exports from the United States increased at an average annual rate of X% from 2012 to 2022. 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 2012-2022. From 2012 to 2022, the share of Canada increased by X percentage points.

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

In the United States, sweet potato exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price showed a slight descent. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Sweet Potato Imports

Imports in Northern America

In 2022, sweet potato imports in Northern America totaled X tons, rising by X% compared with the previous year. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, sweet potato imports surged to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada was the major importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by the United States (X tons), constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sweet potato imports into Canada stood at X%. At the same time, the United States (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the largest sweet potato importing markets in Northern America were Canada ($X) and the United States ($X).

The United States, 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

In 2022, the import price in Northern America amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform