Price for Vegetable Products Not Elsewhere Specified or Included in the United States - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in the United States (CIF) - 2022
- Price for Vegetable Products Not Elsewhere Specified or Included in the United States (FOB) - 2022
- Imports of Vegetable Products Not Elsewhere Specified or Included in the United States
- Exports of Vegetable Products Not Elsewhere Specified or Included in the United States
Price for Vegetable Products Not Elsewhere Specified or Included in the United States (CIF) - 2022
The average import price for vegetable products not elsewhere specified or includeds stood at $1,187 per ton in 2022, growing by 19% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. The import price peaked at $1,311 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($3,005 per ton), while the price for the Netherlands ($356 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Products Not Elsewhere Specified or Included in the United States (FOB) - 2022
The average export price for vegetable products not elsewhere specified or includeds stood at $1,005 per ton in 2022, surging by 38% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $1,018 per ton in 2019; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($1,944 per ton), while the average price for exports to China ($673 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Products Not Elsewhere Specified or Included in the United States
After three years of growth, supplies from abroad of vegetable products not elsewhere specified or includeds decreased by -30.3% to 113K tons in 2022. In general, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year.
In value terms, imports of vegetable products not elsewhere specified or includeds dropped rapidly to $136M in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year.
| Import of Vegetable Products Not Elsewhere Specified or Included in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 40.1 | 59.8 | 66.4 | 59.4 | 14.0% |
| India | 18.2 | 18.3 | 33.9 | 20.3 | 3.7% |
| China | 11.4 | 7.2 | 9.4 | 10.1 | -4.0% |
| Sri Lanka | 5.0 | 4.4 | 7.6 | 8.2 | 17.9% |
| Netherlands | 9.2 | 14.4 | 12.0 | 4.8 | -19.5% |
| Thailand | 4.5 | 3.8 | 5.1 | 4.3 | -1.5% |
| Brazil | 1.0 | 0.9 | 0.7 | 3.2 | 47.4% |
| Canada | 2.3 | 2.1 | 1.8 | 2.2 | -1.5% |
| Others | 15.5 | 23.7 | 26.0 | 23.8 | 15.4% |
| Total | 107 | 135 | 163 | 136 | 8.3% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to the United States in 2022:
- India (32.0K tons)
- Mexico (19.8K tons)
- Sri Lanka (16.7K tons)
- Netherlands (13.4K tons)
- Brazil (5.1K tons)
- Canada (5.1K tons)
- China (3.4K tons)
- Thailand (3.1K tons)
Exports of Vegetable Products Not Elsewhere Specified or Included in the United States
In 2022, after three years of growth, there was significant decline in overseas shipments of vegetable products not elsewhere specified or includeds, when their volume decreased by -31.6% to 29K tons. Over the period under review, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports reached the peak of 42K tons, and then reduced markedly in the following year.
In value terms, exports of vegetable products not elsewhere specified or includeds dropped to $29M in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 11%. As a result, the exports attained the peak of $30M, and then dropped in the following year.
| Export of Vegetable Products Not Elsewhere Specified or Included in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 7.3 | 7.2 | 8.3 | 9.4 | 8.8% |
| Spain | 0.1 | 0.7 | 1.1 | 3.8 | 236.2% |
| China | 1.9 | 5.3 | 9.5 | 3.4 | 21.4% |
| Italy | N/A | 0.1 | N/A | 2.9 | 438.5% |
| Mexico | 1.9 | 1.9 | 2.1 | 2.1 | 3.4% |
| Japan | 2.7 | 2.7 | 1.6 | 1.5 | -17.8% |
| Netherlands | 0.7 | 1.3 | 1.4 | 1.1 | 16.3% |
| Germany | 0.7 | 0.7 | 1.3 | 0.4 | -17.0% |
| Saudi Arabia | 1.9 | 2.1 | 0.3 | 0.2 | -52.8% |
| Others | 8.2 | 5.4 | 4.8 | 4.1 | -20.6% |
| Total | 25.4 | 27.5 | 30.5 | 28.9 | 4.4% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from the United States in 2022:
- Canada (8.2K tons)
- Spain (5.4K tons)
- China (5.1K tons)
- Mexico (2.1K tons)
- Japan (2.1K tons)
- Italy (1.5K tons)
- Netherlands (0.8K tons)
- Germany (0.4K tons)
- Saudi Arabia (0.2K tons)
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