U.S.: Dried Mushroom Market 2023

Dried Mushroom Market Size in the U.S.

After two years of growth, the U.S. dried mushroom market decreased by -4.3% to $X in 2022. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Dried Mushroom Exports

Exports from the U.S.

In 2022, approx. X tons of dried mushrooms and truffles were exported from the United States; with an increase of 27% against 2021 figures. In general, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 58% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, dried mushroom exports skyrocketed to $X in 2022. Overall, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 63%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for dried mushroom exports from the United States, with a 51% share of total exports. Moreover, dried mushroom exports to Canada exceeded the volume sent to the second major destination, France (X tons), ninefold. China (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+15.1% per year) and China (+9.6% per year).

In value terms, Canada ($X) remains the key foreign market for dried mushrooms and truffles exports from the United States, comprising 56% of total exports. The second position in the ranking was taken by France ($X), with a 5.1% share of total exports. It was followed by China, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.2% per year) and China (+8.8% per year).

Export Prices by Country

In 2022, the average dried mushroom export price amounted to $X per ton, with a decrease of -8.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Mushroom Imports

Imports into the U.S.

In 2022, dried mushroom imports into the United States reached X tons, increasing by 3.6% on the previous year's figure. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +50.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 25%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, dried mushroom imports reduced modestly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest dried mushroom supplier to the United States, accounting for a 84% share of total imports. Moreover, dried mushroom imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+23.7% per year) and Germany (+13.9% per year).

In value terms, China ($X) constituted the largest supplier of dried mushrooms and truffles to the United States, comprising 57% of total imports. The second position in the ranking was held by France ($X), with a 20% share of total imports. It was followed by Germany, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+27.7% per year) and Germany (+15.7% per year).

Import Prices by Country

In 2022, the average dried mushroom import price amounted to $X per ton, falling by -6% against the previous year. Overall, the import price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2014 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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