U.S. - Roots And Tubers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRoot and Tuber Prices in the United States
U.S. Root and Tuber Export Price per Ton in June 2022
In June 2022, the root and tuber price per ton amounted to $584.1 (FOB, US), growing by 3.2% against the previous month. In general, the export price, however, saw a mild downturn. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 6.6% month-to-month. The export price peaked at $620.8 per ton in January 2022; however, from February 2022 to June 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In June 2022, the countries with the highest prices were Mexico ($666.0 per ton) and Belgium ($663.0 per ton), while the average price for exports to Canada ($488.0 per ton) and Taiwan (Chinese) ($501.0 per ton) were amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Root and Tuber Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In August 2022, the product with the highest price was cassava ($1.7K per ton), while the average price for exports of potatoes ($607.1 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: cassava (+3.3%), while the prices for the other products experienced more modest paces of growth.
U.S. Root and Tuber Exports
In August 2022, exports of roots and tubers from the United States dropped slightly to 72K tons, with a decrease of -3.6% against the previous month. The total export volume increased at an average monthly rate of +2.6% from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth appeared the most rapid in March 2022 when exports increased by 27% m-o-m.
In value terms, root and tuber exports reached $46M (IndexBox estimates) in August 2022. The total export value increased at an average monthly rate of +2.9% from January 2022 to August 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in April 2022 with an increase of 17% against the previous month. As a result, the exports reached the peak of $49M. From May 2022 to August 2022, the growth of the exports remained at a lower figure.
U.S. Root and Tuber Exports by Type
Potatoes (56K tons) was the largest type of root and tuber exported from the United States, accounting for a 78% share of total exports. Moreover, potatoes exceeded the volume of the second product type, sweet potatoes (14K tons), fourfold. Roots and tubers, nes (1.7K tons) ranked third in terms of total exports with a 2.4% share.
From January 2022 to August 2022, the average monthly growth rate of the volume of export of potatoes amounted to +7.2%. With regard to the other exported products, the following average monthly rates of growth were recorded: sweet potatoes (-7.2% per month) and roots and tubers, nes (+0.9% per month).
In value terms, potatoes ($34M) remains the largest type of root and tuber exported from the United States, comprising 74% of total exports. The second position in the ranking was taken by sweet potatoes ($9.3M), with a 20% share of total exports. It was followed by roots and tubers, nes, with a 5.3% share.
From January 2022 to August 2022, the average monthly growth rate of the export volume of potatoes stood at +8.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: sweet potatoes (-7.3% per month) and roots and tubers, nes (+1.0% per month).
U.S. Root and Tuber Exports by Country
Canada (35K tons) was the main destination for root and tuber exports from the United States, with a 45% share of total exports. Moreover, root and tuber exports to Canada exceeded the volume sent to the second major destination, Mexico (10K tons), threefold. The third position in this ranking was taken by the Netherlands (8.3K tons), with an 11% share.
From January 2022 to June 2022, the average monthly growth rate of volume to Canada totaled +16.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-0.3% per month) and the Netherlands (+2.3% per month).
In value terms, Canada ($17M) remains the key foreign market for root and tuber exports from the United States, comprising 38% of total exports. The second position in the ranking was held by Mexico ($6.8M), with a 15% share of total exports. It was followed by the Netherlands, with an 11% share.
From January 2022 to June 2022, the average monthly growth rate of value to Canada stood at +14.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+2.0% per month) and the Netherlands (+2.5% per month).
This report provides an in-depth analysis of the root and tuber market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 125 - Cassava
- FCL 149 - Roots and tubers nes
- FCL 122 - Sweet potatoes
- FCL 136 - Taro (Cocoyam)
- FCL 137 - Yams
- FCL 135 - Yautia (Cocoyam)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2021, after three years of growth, there was decline in the U.S. vegetable market, when its value decreased by...
573
The volume of imports in the U.S. fresh vegetable market is forecast to increase from 8.9M tons in 2021 to 9.3M tons 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 tons, 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.
523
Fresh vegetable consumer prices in the U.S. increased somewhat noticeably in Q1 2021 but then decelerated in Q2, relaxing slightly against the ongoing food price rally. Owing to the spate of lockdowns and the restructuring of the supply chain, production growth has failed to keep pace with the robust demand spurred by the counter-pandemic financial support measures. Rising production costs and increasing demand for biofuel-oriented oil crops also contribute to tangible food inflation.
592
In July 2022, the cassava price per ton amounted to $1,053, stabilizing at the previous month.
463
In Apr 2022, the average import cassava price per ton amounted to $936, shrinking by -2.2% against the previous month.
224
In February 2023, the price of yams remained stable at $1,487 per ton (CIF, US) compared to the previous month.
431
In November 2022, the yams price stood at $1,589 per ton (CIF, US), which is down by -7.7% against the previous month.
702
In August 2022, the sweet potato price per ton stood at $649, remaining stable against the previous month.
1088
The sweet potato price per ton stood at $647 (FOB, US) in May 2022, declining by -2.8% against the previous month.
248
In October 2022, Vegetable imports experienced their most rapid growth pace, with a 39% increase compared to the previous month. In terms of value, vegetable imports slightly expanded to $243M in August 2023.
