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U.S. Vegetable Imports Will Peak at 9.3M Tonnes in 2022

vegetable imports

U.S. Vegetable Imports Will Peak at 9.3M Tonnes in 2022

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

The volume of imports in the U.S. fresh vegetable market is forecast to increase from 8.9M tonnes in 2021 to 9.3M tonnes in 2022. In monetary terms, imports should decrease from $10.5B to $10.3B with an expected price decline. Throughout January-October 2021, American purchases totalled 6.9M tonnes, which was 5.5% more than in the same period last year. Mexico, Canada and Peru remain the key suppliers for the U.S., accounting for 95% of its total import volume. 

U.S. Vegetable Imports 

From January to October 2021, the U.S. imported 6.9M tonnes of fresh vegetables, a 5.5%-increase compared to the same period last year. According to a recent USDA forecast, American purchases are set to keep growing from approximately 8.91M tonnes by the end of this year to 9.3M tonnes in 2022. The average import prices are forecast to decrease, and the total value of supplies into the U.S. to fall by 2% y-o-y to $10.3B next year.

Last year, the amount of vegetables imported into the U.S. totaled 8.1M tonnes, growing by 2.7% compared with the year before. In value terms, vegetable imports reached $10.4B (IndexBox estimates).

In 2020, Mexico (6.1M tonnes) constituted the largest vegetable supplier to the U.S., with a 75% share of total imports. Moreover, vegetable imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (1.4M tonnes), fourfold.

Over the past year, the growth rate of volume from Mexico amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+7.0% per year) and Peru (-4.7% per year).

In value terms, Mexico ($7.3B) constituted the largest supplier of vegetables to the U.S., comprising 70% of total imports. The second position in the ranking was occupied by Canada ($1.9B), with an 18% share of total imports.

The average vegetable import price stood at $1,294 per tonne in 2020, increasing by 8.6% against the previous year. Average prices varied somewhat amongst the major supplying countries. The country with the highest price was Peru ($1,759 per tonne), while the price for Mexico ($1,206 per tonne) was amongst the lowest. The most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other significant suppliers experienced more modest paces of growth.

Source: IndexBox Platform

pimenta

Indian Pimenta Pepper Exports Hit Record $1.1B

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

India remains the largest pimenta pepper exporter worldwide, comprising near half of the global exports. Last year, India managed to strengthen its leading position, with pimenta pepper exports skyrocketing to over 500K tonnes, or $1.1B. China was the key importer of Indian pepper, accounting for 32% of the total volume. The average export price for pimenta pepper from India jumped by +16% y-o-y in 2020.

Pimenta Pepper Exports from India

India ranks first among the world’s largest pimenta pepper exporters. Indian supplies abroad account for 51% of global pimenta pepper exports in physical terms.

In 2020, the amount of pimenta pepper exported from India expanded rapidly to 513K tonnes, increasing by +12% on the previous year. In value terms, pimenta pepper exports skyrocketed by +29.6% y-o-y to $1.1B (IndexBox estimates) in 2020.

China (163K tonnes) remains the main destination for pimenta pepper exports from India, with a 32% share of total exports. Moreover, pimenta pepper exports to China exceeded the volume sent to the second major destination, Bangladesh (66K tonnes), twofold. The third position in this ranking was occupied by Thailand (54K tonnes), with a 10% share.

In 2020, the volume of supplies to China increased by +8.8% y-o-y. Thailand saw the most prominent growth rate in terms of volume of purchases from India in 2020.

In value terms, China ($387M) remains the key foreign market for pimenta pepper exports from India, comprising 35% of total exports. The second position in the ranking was occupied by Thailand ($122M), with an 11% share of total exports. It was followed by Bangladesh, with a 9.5% share.

The average pimenta pepper export price stood at $2,147 per tonne in 2020, increasing by +16% against the previous year. There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($2,671 per tonne), while the average price for exports to Bangladesh ($1,586 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

Asparagus

Rising Supplies from Mexico Buoy the Growth of American Asparagus Imports

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.

In 2020, asparagus imports into the U.S. rose by 2.5% y-o-y to 266K tonnes. Mexico and Peru lead the American imports with a combined 88%-share of its total volume. In the last year, Mexico ramped up shipments to America by +22.7% y-o-y, shaped by lower average prices. Peru experienced a drop in supplies volume to the U.S. while in value terms, they increased due to a spike in prices.

Asparagus Imports into the U.S. by Country

In 2020, the volume of asparagus imported into the U.S. totaled 266K tonnes, surging by 2.5% against 2019. In value terms, asparagus imports contracted to $720M (IndexBox estimates) in 2020.

Mexico and Peru dominate the American imports with a combined 88%-share of its total volume in physical terms. Mexico (170K tonnes) and Peru (94K tonnes) were the main suppliers of asparagus imports to the U.S. In value terms, Mexico ($385M) and Peru ($328M) constituted the largest asparagus suppliers to the U.S.

Mexico managed to ramp up supplies to America (by +22.7% y-o-y in physical terms) at low prices. At the same time, Peru saw import value growth of +21.5% y-o-y against reduced import volume.

The average asparagus import price stood at $2,707 per tonne in 2020, falling by -7.6% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Peru ($3,498 per tonne), while the price for Mexico amounted to $2,260 per tonne. In 2020, the most notable rate of growth in terms of prices was attained by Peru (+53.0% per year).

Source: IndexBox Platform

cucumber

Driven by Rising Demand in Russia and Ukraine, the East-European Cucumber and Gherkin Market to See Solid Growth

IndexBox has just published a new report: ‘Eastern Europe – Cucumbers And Gherkins – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2019, the East European cucumber and gherkin market increased by 9.1% to $4.5B, rising for the third consecutive year after four years of decline. The total consumption indicated notable growth from 2007 to 2019: its value increased at an average annual rate of +2.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +26.9% against 2016 indices.

Consumption by Country

The countries with the highest volumes of cucumber and gherkin consumption in 2019 were Russia (1.8M tonnes), Ukraine (1M tonnes), and Poland (587K tonnes), with a combined 82% share of total consumption. Romania, Belarus, Bulgaria, and the Czech Republic lagged somewhat behind, together comprising a further 14%.

From 2007 to 2019, the most notable rate of growth in terms of cucumber and gherkin consumption, amongst the main consuming countries, was attained by Bulgaria, while cucumber and gherkin consumption for the other leaders experienced more modest paces of growth.

In value terms, Russia ($2.1B), Ukraine ($1.2B), and Poland ($560M) were the countries with the highest levels of market value in 2019, together comprising 87% of the total market.

The countries with the highest levels of cucumber and gherkin per capita consumption in 2019 were Ukraine (24 kg per person), Belarus (19 kg per person), and Poland (15 kg per person).

Market Forecast to 2030

Driven by increasing demand for cucumber and gherkin in Eastern Europe, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9% for the period from 2019 to 2030, which is projected to bring the market volume to 5.1M tonnes by the end of 2030.

Production in Eastern Europe

In 2019, the production of cucumbers and gherkins increased by 2.8% to 3.8M tonnes, rising for the second year in a row after two years of decline. The total output volume increased at an average annual rate of +2.3% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2011 with an increase of 16% y-o-y. Over the period under review, production reached the peak volume at 3.9M tonnes in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure. The generally positive trend in terms output was largely conditioned by a slight contraction of the harvested area against a perceptible expansion in the yield figures.

Production by Country

The countries with the highest volumes of cucumber and gherkin production in 2019 were Russia (1.7M tonnes), Ukraine (1M tonnes), and Poland (541K tonnes), with a combined 84% share of total production.

From 2007 to 2019, the most notable rate of growth in terms of cucumber and gherkin production, amongst the main producing countries, was attained by Russia, while cucumber and gherkin production for the other leaders experienced more modest paces of growth.

Harvested Area in Eastern Europe

In 2019, the cucumber and gherkin harvested area in Eastern Europe dropped to 131K ha, shrinking by -1.5% on 2018 figures. In general, the harvested area showed a slight shrinkage. The growth pace was the most rapid in 2011 with an increase of 3.8% against the previous year. As a result, the harvested area attained the peak level of 167K ha. From 2012 to 2019, the growth of the cucumber and gherkin harvested area failed to regain the momentum.

Yield in Eastern Europe

In 2019, the average yield of cucumbers and gherkins in Eastern Europe rose modestly to 29 tonnes per ha, increasing by 4.4% compared with 2018. The yield indicated a moderate increase from 2007 to 2019: its figure increased at an average annual rate of +4.1% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, cucumber and gherkin yield increased by +61.1% against 2007 indices. The pace of growth appeared the most rapid in 2011 with an increase of 12% against the previous year. The level of yield peaked in 2019 and is likely to see further growth in the immediate term.

Imports in Eastern Europe

In 2019, purchases abroad of cucumbers and gherkins increased by 6.5% to 419K tonnes, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.0% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of imports peaked in 2019 and is expected to retain growth in the immediate term.

In value terms, cucumber and gherkin imports fell modestly to $372M (IndexBox estimates) in 2019. The total import value increased at an average annual rate of +4.2% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $375M in 2018, and then contracted slightly in the following year.

Imports by Country

In 2019, Russia (123K tonnes), distantly followed by the Czech Republic (77K tonnes), Poland (63K tonnes), Bulgaria (33K tonnes), Ukraine (26K tonnes), Hungary (21K tonnes), Romania (20K tonnes) and Slovakia (19K tonnes) were the main importers of cucumbers and gherkins, together making up 92% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ukraine, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cucumber and gherkin importing markets in Eastern Europe were Russia ($127M), the Czech Republic ($65M) and Poland ($64M), with a combined 69% share of total imports. Romania, Slovakia, Hungary, Bulgaria, and Ukraine lagged somewhat behind, together comprising a further 21%.

Import Prices by Country

In 2019, the cucumber and gherkin import price in Eastern Europe amounted to $889 per tonne, falling by -6.8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 29% y-o-y. The level of imports peaked at $983 per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Russia ($1,032 per tonne), while Ukraine ($425 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

pimenta

Global Pimenta Pepper Market Grows Robustly for the Seventh Consecutive Year

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

The global pimenta pepper market rose modestly to $10.9B in 2019, surging by 4.2% 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). Over the period under review, the total market indicated a noticeable increase from 2007 to 2019: its value increased at an average annual rate of +2.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +64.8% against 2007 indices. Over the period under review, the global market reached the peak level in 2019 and is likely to continue growth in the near future.

Consumption by Country

India (1.4M tonnes) remains the largest pimenta pepper consuming country worldwide, comprising approx. 33% of total volume. Moreover, pimenta pepper consumption in India exceeded the figures recorded by the second-largest consumer, Thailand (326K tonnes), fourfold. The third position in this ranking was occupied by Ethiopia (321K tonnes), with a 7.6% share.

In India, pimenta pepper consumption expanded at an average annual rate of +2.3% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Thailand (+4.7% per year) and Ethiopia (+9.2% per year).

In value terms, India ($2.5B), Ethiopia ($1.8B) and Cote d’Ivoire ($706M) appeared to be the countries with the highest levels of market value in 2019, together comprising 46% of the global market.

The countries with the highest levels of pimenta pepper per capita consumption in 2019 were Cote d’Ivoire (4.86 kg per person), Thailand (4.67 kg per person) and Ghana (3.95 kg per person).

Market Forecast 2019-2030

Driven by increasing demand for pimenta pepper worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.7% for the period from 2019 to 2030, which is projected to bring the market volume to 5.7M tonnes by the end of 2030.

Production

In 2019, approx. 4.3M tonnes of pimenta pepper were produced worldwide; growing by 3.3% against the year before. The total output volume increased at an average annual rate of +3.0% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 13% year-to-year. As a result, production attained the peak volume of 4.5M tonnes. From 2018 to 2019, global production growth remained at a lower figure. The general positive trend in terms output was largely conditioned by a temperate increase of the harvested area and tangible growth in yield figures.

Production By Country

India (1.9M tonnes) constituted the country with the largest volume of pimenta pepper production, comprising approx. 43% of total volume. Moreover, pimenta pepper production in India exceeded the figures recorded by the second-largest producer, China (329K tonnes), sixfold. Ethiopia (321K tonnes) ranked third in terms of total production with a 7.4% share.

In India, pimenta pepper production expanded at an average annual rate of +3.1% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: China (+2.3% per year) and Ethiopia (+9.2% per year).

Harvested Area

In 2019, approx. 1.8M ha of pimenta pepper were harvested worldwide; remaining relatively unchanged against 2018 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 6.5% year-to-year. As a result, the harvested area attained the peak level of 1.8M ha; afterwards, it flattened through to 2019.

Yield

The global average pimenta pepper yield expanded modestly to 2.4 tonne per ha in 2019, rising by 2.3% on the previous year’s figure. The yield figure increased at an average annual rate of +2.3% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 14% year-to-year. As a result, the yield attained the peak level of 2.4 tonne per ha; afterwards, it flattened through to 2019.

Imports

In 2019, approx. 819K tonnes of pimenta pepper were imported worldwide; increasing by 2.7% compared with the year before. Overall, total imports indicated temperate growth from 2007 to 2019: its volume increased at an average annual rate of +4.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Global imports peaked at 830K tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, pimenta pepper imports rose notably to $1.9B (IndexBox estimates) in 2019. Over the period under review, total imports indicated resilient growth from 2007 to 2019: its value increased at an average annual rate of +4.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Imports by Country

The U.S. (148K tonnes), Viet Nam (112K tonnes), Thailand (85K tonnes), Spain (57K tonnes), Sri Lanka (54K tonnes), Indonesia (43K tonnes) and Malaysia (40K tonnes) represented roughly 66% of total imports of pimenta pepper in 2019. The following importers – Mexico (26K tonnes), Germany (24K tonnes), Japan (14K tonnes) and the UK (14K tonnes) – together made up 9.4% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Viet Nam (+73.7% per year), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest pimenta pepper importing markets worldwide were the U.S. ($354M), Viet Nam ($250M) and Thailand ($195M), with a combined 42% share of global imports.

Import Prices by Country

In 2019, the average pimenta pepper import price amounted to $2,322 per tonne, rising by 4.9% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2011 when the average import price increased by 25% year-to-year. As a result, import price attained the peak level of $2,534 per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($4,316 per tonne), while Sri Lanka ($1,273 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform