Price of U.S. Mandarin and Clementine Plummets to $1,400 per Ton
U.S. Mandarin and Clementine Import Price in June 2023
In June 2023, the mandarin and clementine price stood at $1,400 per ton (CIF, US), with a decrease of -8.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 9.1% against the previous month. Over the period under review, average import prices attained the peak figure at $1,669 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Chile ($1,462 per ton) and Peru ($1,392 per ton), while the price for South Africa ($1,284 per ton) and Uruguay ($1,309 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Peru (+0.0%), while the prices for the other major suppliers experienced a decline.
U.S. Mandarin and Clementine Imports
In June 2023, supplies from abroad of tangerines, mandarins, clementines, satsumas increased by 284% to 61K tons, rising for the second month in a row after two months of decline. Overall, imports enjoyed measured growth.
In value terms, mandarin and clementine imports skyrocketed to $85M (IndexBox estimates) in June 2023. Over the period under review, imports enjoyed a modest expansion.
U.S. Mandarin and Clementine Imports by Country
In June 2023, Chile (29K tons) constituted the largest supplier of mandarin and clementine to the United States, accounting for a 48% share of total imports. Moreover, mandarin and clementine imports from Chile exceeded the figures recorded by the second-largest supplier, Peru (12K tons), twofold. Uruguay (10K tons) ranked third in terms of total imports with a 16% share.
From June 2022 to June 2023, the average monthly growth rate of volume from Chile amounted to +5.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Peru (-2.4% per month) and Uruguay (+0.1% per month).
In value terms, Chile ($43M) constituted the largest supplier of mandarin and clementine to the United States, comprising 50% of total imports. The second position in the ranking was held by Peru ($17M), with a 20% share of total imports. It was followed by Uruguay, with a 15% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of value from Chile totaled +5.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Peru (-2.4% per month) and Uruguay (-0.7% per month).