U.S.: Sweet Potato Market 2024

Sweet Potato Market Size in the U.S.

The U.S. sweet potato market dropped modestly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Sweet potato consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sweet Potato Production in the U.S.

In value terms, sweet potato production contracted modestly to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average sweet potato yield in the United States was estimated at X tons per ha, picking up by X% against the previous year's figure. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average sweet potato yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sweet potatoes production in the United States fell to X ha, which is down by X% on the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the harvested area increased by X% against the previous year. The sweet potato harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

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Sweet Potato Exports

Exports from the U.S.

After two years of growth, shipments abroad of sweet potatoes decreased by X% to X tons in 2022. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports 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. Over the period under review, exports, however, recorded prominent growth. The pace of growth was the most pronounced 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

Canada (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of sweet potato exports from the United States, together comprising X% of total exports. Belgium and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sweet potato exported from the United States were Canada ($X), the Netherlands ($X) and the UK ($X), together accounting for X% of total exports. Belgium and Mexico lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sweet potato export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the Netherlands ($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 Mexico (X%), while the prices for the other major destinations experienced a decline.

Sweet Potato Imports

Imports into the U.S.

In 2022, purchases abroad of sweet potatoes increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, sweet potato imports soared to $X in 2022. In general, imports showed a strong increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sweet potato to the United States, with a X% share of total imports. Moreover, sweet potato imports from China exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X tons), fourfold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Canada (X% per year).

In value terms, China ($X) constituted the largest supplier of sweet potatoes to the United States, comprising X% of total imports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Canada (X% per year).

Import Prices by Country

The average sweet potato import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform