Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in the United States - 2023
Contents:
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in the United States (CIF) - 2023
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in the United States (FOB) - 2023
- Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in the United States
- Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in the United States
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in the United States (CIF) - 2023
The average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $1,575 per ton in December 2023, declining by -2.6% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 4.3% against the previous month. Over the period under review, average import prices attained the maximum at $1,617 per ton in November 2023, and then shrank in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Mexico ($1,766 per ton), while the price for China ($821 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in the United States (FOB) - 2023
In December 2023, the average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $1,584 per ton, surging by 3.3% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 3.8% m-o-m. Over the period under review, the average export prices hit record highs in December 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($2,106 per ton), while the average price for exports to Mexico ($1,332 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in the United States
In 2022, overseas purchases of vegetables (uncooked or cooked by steaming or boiling in water); frozen decreased by -2.4% to 886K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 7.5%. As a result, imports reached the peak of 945K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen rose modestly to $1.2B in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 521 | 555 | 530 | 582 | 3.8% |
| Canada | 140 | 127 | 130 | 135 | -1.2% |
| Guatemala | 69.9 | 71.9 | 78.6 | 77.1 | 3.3% |
| China | 86.2 | 75.9 | 61.9 | 60.9 | -10.9% |
| Belgium | 49.2 | 58.2 | 56.5 | 60.3 | 7.0% |
| Ecuador | 55.5 | 55.5 | 54.3 | 55.2 | -0.2% |
| Spain | 47.8 | 50.2 | 54.5 | 42.4 | -3.9% |
| Egypt | 18.2 | 23.0 | 25.7 | 34.8 | 24.1% |
| Netherlands | 32.0 | 28.0 | 30.4 | 31.2 | -0.8% |
| Turkey | 11.0 | 10.9 | 16.3 | 19.6 | 21.2% |
| Poland | 17.6 | 13.4 | 15.2 | 14.9 | -5.4% |
| Others | 118 | 121 | 121 | 114 | -1.1% |
| Total | 1,166 | 1,190 | 1,175 | 1,228 | 1.7% |
Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to the United States in 2022:
- Mexico (374.3K tons)
- Canada (111.4K tons)
- China (68.9K tons)
- Belgium (58.6K tons)
- Guatemala (57.3K tons)
- Spain (39.6K tons)
- Ecuador (35.8K tons)
- Egypt (26.9K tons)
- Netherlands (26.1K tons)
- Turkey (20.4K tons)
- Poland (17.9K tons)
Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in the United States
In 2022, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen from the United States shrank modestly to 202K tons, approximately reflecting the previous year's figure. Over the period under review, exports continue to indicate a pronounced slump.
In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen reached $282M in 2022. The total export value increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 87.5 | 87.4 | 83.1 | 101 | 4.9% |
| Japan | 72.8 | 71.5 | 76.4 | 83.5 | 4.7% |
| Mexico | 37.9 | 37.6 | 33.2 | 38.4 | 0.4% |
| Hong Kong SAR | 10.4 | 9.3 | 8.6 | 7.2 | -11.5% |
| China | 16.1 | 14.7 | 11.7 | 7.1 | -23.9% |
| South Korea | 6.5 | 5.3 | 5.2 | 5.9 | -3.2% |
| Colombia | 6.9 | 6.6 | 9.1 | 5.6 | -6.7% |
| Others | 35.3 | 37.0 | 36.9 | 33.4 | -1.8% |
| Total | 273 | 269 | 264 | 282 | 1.1% |
Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from the United States in 2022:
- Canada (76.5K tons)
- Japan (54.5K tons)
- Mexico (30.6K tons)
- China (5.5K tons)
- Colombia (5.2K tons)
- Hong Kong SAR (4.9K tons)
- South Korea (3.6K tons)
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