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Peru and Mexico Challenge to Dominate the $1.3B American Blueberry and Cranberry Imports

blueberry

Peru and Mexico Challenge to Dominate the $1.3B American Blueberry and Cranberry Imports

IndexBox has just published a new report: ‘U.S. – Blueberries And Cranberries – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Blueberry and cranberry imports in the U.S. remain robust thanks to strong consumer demand, even against the limitations for cafes and restaurants. Exporters from Peru and Mexico both enjoy skyrocketing growth in terms of supplies to the American market over the last five years, including 2020. Canadian and Chilean producers, as well as domestic growers, have to put on steam to benefit from future market growth.

Imports into the U.S.

Blueberry and cranberry imports to the U.S. soared to $1.4B (IndexBox estimates) in 2020. Overall, the value of imports posted solid gains, following that of the import volume.

In physical terms,  the U.S. recorded growth in supplies from abroad of blueberries and cranberries, which increased by 13% to 273K tonnes in 2020. Over the period under review, total imports indicated a strong expansion from 2012 to 2020: its volume increased at an average annual rate of +7.2% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +52.6% against 2017 indices.

Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in years to come. The high rate of vaccination opens the light for relief from the pandemic. Together with the increasing population and recovering incomes, it secures the demand for blueberries and cranberries will remain strong in the medium term. The American market thus becomes even more attractive for suppliers from abroad and requires the domestic growers to struggle for their market position.

Imports by Country

Peru (84K tonnes), Canada (78K tonnes) and Chile (52K tonnes) were the main suppliers of blueberry and cranberry imports to the U.S., together accounting for 79% of total imports.

From 2007 to 2020, the biggest increases were in the supplies from Peru and Mexico, thanks to skyrocketing volumes over the last five years. Purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($554M), Mexico ($364M) and Chile ($289M) appeared to be the largest blueberry and cranberry suppliers to the U.S., together comprising 88% of total imports.

Import Prices by Country

In 2020, the average blueberry and cranberry import price amounted to $5,030 per tonne, picking up by 13% against the previous year. Over the last thirteen years, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2008 when the average import price increased by 29% against the previous year. As a result, import prices attained the peak level of $5,481 per tonne. From 2009 to 2020, the growth in terms of the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Mexico ($7,085 per tonne), while the price for Canada ($1,670 per tonne) was amongst the lowest.

Source: IndexBox Platform

asparagus

Mexico and Peru Dominate the Rising American Asparagus Market

IndexBox has just published a new report: ‘U.S. – Asparagus – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The U.S. asparagus market rose modestly to $717M in 2019, surging by 4.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.9% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Asparagus consumption peaked in 2019 and is expected to retain growth in the immediate term.

Production in the U.S.

In 2019, the production of asparagus decreased by -4.7% to 34K tonnes, falling for the second year in a row after two years of growth. Overall, production showed a relatively flat trend pattern. In value terms, asparagus production contracted to $123M in 2019. Given the relatively small production volume, the market is largely supplied by imported asparagus.

Harvested Area and Yield in the U.S.

The asparagus harvested area in the U.S. contracted to 8.3K ha in 2019, with a decrease of -5.1% compared with the previous year’s figure. In general, the harvested area continues to indicate a noticeable shrinkage.

The average yield of asparagus in the U.S. reached 4.1 tonnes per ha in 2019, remaining stable against the previous year. The yield figure increased at an average annual rate of +2.6% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years.

Imports into the U.S.

In 2019, imports of asparagus into the U.S. amounted to 259K tonnes, therefore, remained relatively stable against the previous year. The total import volume increased at an average annual rate of +5.6% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

In value terms, asparagus imports rose sharply to $761M (IndexBox estimates) in 2019. The total import value increased at an average annual rate of +7.0% over the period from 2013 to 2019.

Imports by Country

Mexico (166K tonnes) and Peru (91K tonnes) were the main suppliers of asparagus imports to the U.S., together comprising 99% of total imports.

From 2013 to 2019, the biggest increases were recorded for imports from Mexico, which increased from 96K tonnes to 166K tonnes.

In value terms, the largest asparagus suppliers to the U.S. were Mexico ($435M) and Peru ($316M), with a combined 99% share of total imports.

Import Prices by Country

In 2019, the average asparagus import price amounted to $2,931 per tonne, increasing by 5% against the previous year. Over the period from 2013 to 2019, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2015 an increase of 22% against the previous year. As a result, import price attained the peak level of $3,378 per tonne. From 2016 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Peru ($3,458 per tonne), while the price for Mexico amounted to $2,624 per tonne.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Peru.

Source: IndexBox AI Platform