U.S.: Bread And Bakery Market 2022

Bread And Bakery Market Size in the U.S.

The U.S. bread and bakery market was estimated at $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the near future.

Bread And Bakery Production in the U.S.

In value terms, bread and bakery production dropped to $X in 2021. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020, and then declined slightly in the following year.

Bread And Bakery Exports

Exports from the U.S.

In 2021, the amount of bread and bakery exported from the United States expanded slightly to X tons, picking up by X% compared with 2020. The total export volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, bread and bakery exports rose notably to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Canada (X tons) was the main destination for bread and bakery exports from the United States, accounting for a X% share of total exports. Moreover, bread and bakery exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), fivefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and South Korea (+X% per year).

In value terms, Canada ($X) remains the key foreign market for bread and bakery exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and South Korea (+X% per year).

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Canada ($X per ton) and Japan ($X per ton), while the average price for exports to South Korea ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into the U.S.

In 2021, approx. X tons of bread and bakery were imported into the United States; increasing by X% compared with 2020. Over the period under review, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, bread and bakery imports skyrocketed to $X in 2021. In general, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), Mexico (X tons) and Italy (X tons) were the main suppliers of bread and bakery imports to the United States, with a combined X% share of total imports. India, France and Germany lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of bread and bakery to the United States, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average bread and bakery import price stood at $X per ton in 2021, picking up by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform