Price for Plants, Live; Unrooted Cuttings and Slips in the United States - 2023

Contents:

1. Price for Plants, Live; Unrooted Cuttings and Slips in the United States (CIF) - 2023
2. Price for Plants, Live; Unrooted Cuttings and Slips in the United States (FOB) - 2023
3. Imports of Plants, Live; Unrooted Cuttings and Slips in the United States
4. Exports of Plants, Live; Unrooted Cuttings and Slips in the United States

Price for Plants, Live; Unrooted Cuttings and Slips in the United States (CIF) - 2023

The average import price for plants, live; unrooted cuttings and slipses stood at $92.5 per thousand units in December 2023, reducing by -17% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 13% against the previous month. Over the period under review, average import prices attained the peak figure at $122 per thousand units in July 2023; however, from August 2023 to December 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Costa Rica ($120 per thousand units), while the price for Uganda ($32.0 per thousand units) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Kenya (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Plants, Live; Unrooted Cuttings and Slips in the United States (FOB) - 2023

The average export price for plants, live; unrooted cuttings and slipses stood at $344 per thousand units in December 2023, surging by 12% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average export price increased by 77% against the previous month. As a result, the export price attained the peak level of $0.5 per unit. From July 2023 to December 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($2.5 per unit), while the average price for exports to Canada amounted to $212 per thousand units.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (0.0%).

Imports of Plants, Live; Unrooted Cuttings and Slips in the United States

In 2022, supplies from abroad of plants, live; unrooted cuttings and slipses decreased by -4.1% to 1.5B units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of 1.6B units, and then dropped slightly in the following year.

In value terms, imports of plants, live; unrooted cuttings and slipses reduced slightly to $147M in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, imports reached the peak of $153M, and then dropped in the following year.

Top Suppliers of Plants, Live; Unrooted Cuttings and Slips to the United States in 2022:

1. Guatemala (395.3M units)
2. Mexico (212.7M units)
3. Costa Rica (211.3M units)
4. Nicaragua (172.5M units)
5. El Salvador (121.8M units)
6. Kenya (103.2M units)
7. Colombia (67.0M units)
8. Dominican Republic (62.6M units)
9. China (30.1M units)
10. Uganda (25.3M units)

Exports of Plants, Live; Unrooted Cuttings and Slips in the United States

In 2022, shipments abroad of plants, live; unrooted cuttings and slipses decreased by -11.6% to 74M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 103%. As a result, the exports attained the peak of 83M units, and then fell in the following year.

In value terms, exports of plants, live; unrooted cuttings and slipses reduced slightly to $22M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 35%. As a result, the exports attained the peak of $23M, leveling off in the following year.

Top Export Markets for Plants, Live; Unrooted Cuttings and Slips from the United States in 2022:

1. Canada (72.1M units)

Source: IndexBox Market Intelligence Platform