U.S.: Overview of the Market for Flour and Other Grain Mill Products 2020

Market Size for Flour and Other Grain Mill Products in the U.S.

The U.S. market for flour and other grain mill products contracted to $X in 2019, falling by -X% against the previous year. Over the period under review, consumption recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when the market value decreased by -X% year-to-year. Consumption peaked at $X in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

Production of Flour and Other Grain Mill Products in the U.S.

In value terms, production of flour and other grain mill products fell to $X in 2019. In general, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the production volume decreased by -X% y-o-y. Production peaked at $X in 2013; however, from 2014 to 2019, production failed to regain the momentum.

Exports of Flour and Other Grain Mill Products

Exports from the U.S.

In 2019, approx. X tonnes of flour and other grain mill products were exported from the U.S.; with an increase of X% against the previous year. Over the period under review, exports, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. From 2015 to 2019, the growth of exports remained at a somewhat lower figure.

In value terms, exports of flour and other grain mill products stood at $X in 2019. In general, exports, however, continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2015 to 2019, the growth of exports failed to regain the momentum.

Exports by Country

Canada (X tonnes) was the main destination for exports of flour and other grain mill products from the U.S., accounting for a X% share of total exports. Moreover, exports of flour and other grain mill products to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), twofold. The UK (X tonnes) ranked third in terms of total exports with a X% share.

From 2013 to 2019, the average annual growth rate of volume to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and the UK (+X% per year).

In value terms, the largest markets for flour and other grain mill product exported from the U.S. were Canada ($X), Mexico ($X) and the UK ($X), together comprising X% of total exports.

Mexico 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 mixed trend patterns.

Export Prices by Country

The average export price for flour and other grain mill products stood at $X per tonne in 2019, which is down by -X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Mexico ($X per tonne), while the average price for exports to the UK ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced a decline.

Imports of Flour and Other Grain Mill Products

Imports into the U.S.

In 2019, the amount of flour and other grain mill products imported into the U.S. reduced to X tonnes, waning by -X% on the previous year. Overall, total imports indicated a resilient increase from 2013 to 2019: its volume increased at an average annual rate of +X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes, and then reduced slightly in the following year.

In value terms, imports of flour and other grain mill products dropped to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2019, Canada (X tonnes) constituted the largest flour and other grain mill product supplier to the U.S., accounting for a X% share of total imports. Moreover, imports of flour and other grain mill products from Canada exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), twofold. Mexico (X tonnes) ranked third in terms of total imports with a X% share.

From 2013 to 2019, the average annual growth rate of volume from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Mexico (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of flour and other grain mill product to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of value from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and Mexico (+X% per year).

Import Prices by Country

In 2019, the average import price for flour and other grain mill products amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Australia ($X per tonne), while the price for Nigeria ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of flour and other grain mill products to the U.S.?

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In value terms, Canada ($474M) constituted the largest supplier of flour and other grain mill product to the U.S., comprising 40% of total imports. The second position in the ranking was occupied by Australia ($176M), with a 15% share of total imports. It was followed by Mexico, with a 9.2% share.

What are the leading importers of flour and other grain mill products from the U.S.?

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In value terms, Canada ($225M), Mexico ($209M) and the UK ($20M) appeared to be the largest markets for flour and other grain mill product exported from the U.S. worldwide, together comprising 69% of total exports.

What is the average export price for flour and other grain mill products in the U.S.?

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The average export price for flour and other grain mill products stood at $405 per tonne in 2019, declining by -6.8% against the previous year.

What is the average import price for flour and other grain mill products in the U.S.?

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In 2019, the average import price for flour and other grain mill products amounted to $736 per tonne, reducing by -4.1% against the previous year.