Decline in June 2023: U.S. Imports of Canned Mushrooms Plummet to $11M
U.S. Canned Mushroom Imports
In June 2023, purchases abroad of canned mushrooms decreased by -7.8% to 2.9K tons, falling for the second consecutive month after two months of growth. Overall, imports showed a pronounced downturn. The growth pace was the most rapid in April 2023 with an increase of 25% month-to-month.
In value terms, canned mushroom imports reduced to $11M (IndexBox estimates) in June 2023. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in April 2023 when imports increased by 51% against the previous month.
Imports by Country
In June 2023, the Netherlands (1.8K tons) constituted the largest supplier of canned mushroom to the United States, accounting for a 62% share of total imports. Moreover, canned mushroom imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (466 tons), fourfold. The third position in this ranking was held by Vietnam (96 tons), with a 3.4% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume from the Netherlands totaled -3.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Poland (-3.8% per month) and Vietnam (-1.2% per month).
In value terms, the Netherlands ($5.5M) constituted the largest supplier of canned mushroom to the United States, comprising 51% of total imports. The second position in the ranking was held by Poland ($2.1M), with a 20% share of total imports. It was followed by Spain, with a 3.5% share.
From June 2022 to June 2023, the average monthly growth rate of value from the Netherlands totaled -2.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Poland (+0.1% per month) and Spain (-11.4% per month).
Import Prices by Country
In June 2023, the canned mushroom price stood at $3,745 per ton (CIF, US), falling by -4.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in April 2023 an increase of 21% m-o-m. As a result, import price attained the peak level of $4,332 per ton. From May 2023 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($15,093 per ton), while the price for Malaysia ($1,481 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Average U.S. Storage Device Price Is $190 per Unit