U.S.: Overview of the Market for Flour and Other Grain Mill Products 2021

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

The U.S. market for flour and other grain mill products declined to $X in 2020, reducing by -X% against the previous year. In general, consumption recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2019 when the market value increased by X% against the previous year. Consumption peaked at $X in 2013; however, from 2014 to 2020, 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 reduced to $X in 2020. Overall, production saw a noticeable setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Production peaked at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

Exports of Flour and Other Grain Mill Products

Exports from the U.S.

After two years of growth, shipments abroad of flour and other grain mill products decreased by -X% to X tonnes in 2020. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. from 2015 to 2020, the growth of exports failed to regain the momentum.

In value terms, exports of flour and other grain mill products amounted to $X in 2020. In general, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2015 to 2020, the growth of exports remained at a lower figure.

Exports by Country

Canada (X tonnes), Mexico (X tonnes) and the UK (X tonnes) were the main destinations of exports of flour and other grain mill products from the U.S., with a combined X% share of total exports. Morocco, Japan, Australia and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X 2013 to 2020, the biggest increases were in Democratic Republic of the Congo (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and the UK ($X) constituted the largest markets for flour and other grain mill product exported from the U.S. worldwide, together accounting for X% of total exports. These countries were followed by Japan, Democratic Republic of the Congo, Australia and Morocco, which together accounted for a further X Republic of the Congo saw the highest rates of growth with regard to the value of exports, among 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 2020, the average export price for flour and other grain mill products amounted to $X per tonne, remaining constant against the previous year. In general, the export price posted a notable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Mexico ($X per tonne), while the average price for exports to Morocco ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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 mixed trend patterns.

Imports of Flour and Other Grain Mill Products

Imports into the U.S.

Imports of flour and other grain mill products into the U.S. declined sharply to X tonnes in 2020, shrinking by -X% compared with the year before. Overall, imports faced a dramatic setback. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. from 2019 to 2020, the growth of imports failed to regain the momentum.

In value terms, imports of flour and other grain mill products contracted markedly to $X in 2020. Over the period under review, imports faced a significant decline. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2019 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, 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, India (X tonnes), fourfold. Italy (X tonnes) ranked third in terms of total imports with a X% share.

From 2013 to 2020, the average annual rate of growth in terms of volume from Canada amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Italy (-X% per year).

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

From 2013 to 2020, the average annual growth rate of value from Canada totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Italy (-X% per year).

Import Prices by Country

In 2020, the average import price for flour and other grain mill products amounted to $X per tonne, surging by X% against the previous year. In general, the import price, however, continues to indicate a pronounced decline. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox 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 ($16M) constituted the largest supplier of flour and other grain mill product to the U.S., comprising 66% of total imports. The second position in the ranking was occupied by India ($3.3M), with a 14% share of total imports. It was followed by Italy, with a 4% 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 ($231M), Mexico ($222M) and the UK ($17M) constituted the largest markets for flour and other grain mill product exported from the U.S. worldwide, with a combined 70% share of total exports. Japan, Democratic Republic of the Congo, Australia and Morocco lagged somewhat behind, together comprising a further 8%.

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 $488 per tonne in 2020, therefore, remained relatively stable 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 2020, the average import price for flour and other grain mill products amounted to $875 per tonne, surging by 15% against the previous year.