U.S. Flour Market. Analysis And Forecast to 2030

U.S.: Flour Market Overview 2020

Flour Market Size in the U.S.

The revenue of the flour market in the U.S. amounted to $X in 2018, going down by -X% against the previous year. In general, flour consumption continues to indicate an abrupt reduction. Flour consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Flour Production in the U.S.

In value terms, flour production stood at $X in 2018. In general, flour production continues to indicate a drastic descent. Over the period under review, flour production attained its peak figure level at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

Flour Exports

Exports from the U.S.

In 2018, the flour exports from the U.S. amounted to X tonnes, leveling off at the previous year. In general, flour exports continue to indicate a deep drop. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, flour exports amounted to $X in 2018. Overall, flour exports continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. In that year, flour exports reached their peak of $X. From 2015 to 2018, the growth of flour exports failed to regain its momentum.

Exports by Country

Canada (X tonnes), Mexico (X tonnes) and the UK (X tonnes) were the main destinations of flour exports from the U.S., with a combined X% share of total exports. Japan, Ireland, Morocco, Indonesia and Costa Rica lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Japan, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flour exported from the U.S. were Canada ($X), Mexico ($X) and Japan ($X), with a combined X% share of total exports.

Among the main countries of destination, Japan recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average flour export price stood at $X per tonne in 2018, flattening at the previous year. Over the period under review, the flour export price, however, continues to indicate a significant curtailment. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Over the period under review, the average export prices for flour reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; 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 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Flour Imports

Imports into the U.S.

In 2018, approx. X tonnes of flour were imported into the U.S.; growing by X% against the previous year. Overall, the total imports indicated prominent growth from 2013 to 2018: its volume increased at an average annual rate of +X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, flour imports increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. In that year, flour imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, flour imports totaled $X in 2018. The total import value increased at an average annual rate of +X% from 2013 to 2018; however, the trend pattern remained consistent, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. In that year, flour imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Canada (X tonnes) constituted the largest supplier of flour to the U.S., accounting for a X% share of total imports. Moreover, flour imports from Canada exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), twofold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and China (+X% per year).

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

From 2007 to 2018, 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

The average flour import price stood at $X per tonne in 2018, declining by -X% against the previous year. In general, the flour import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Australia ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform