Northern America: Dry Vegetable Market 2024

Dry Vegetable Market Size in Northern America

In 2022, the North American dry vegetable market increased by 47% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +89.0% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Dry Vegetable Production in Northern America

In value terms, dry vegetable production soared to $X in 2022 estimated in export price. Overall, production saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 9,041,435,300% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Dry Vegetable Exports

Exports in Northern America

In 2022, approx. X tons of dry vegetables were exported in Northern America; falling by -2.2% compared with the previous year. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 56% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, dry vegetable exports expanded notably to $X in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 15%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The United States dominates exports structure, amounting to X tons, which was near 97% of total exports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of exports of dry vegetables. At the same time, Canada (+9.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +9.2% from 2012-2022. From 2012 to 2022, the share of Canada increased by +2 percentage points.

In value terms, the United States ($X) remains the largest dry vegetable supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by Canada ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +1.6%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, surging by 8.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.2%).

Dry Vegetable Imports

Imports in Northern America

In 2022, dry vegetable imports in Northern America surged to X tons, growing by 23% on the previous year's figure. In general, imports showed a slight expansion. The most prominent rate of growth was recorded in 2016 with an increase of 39%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dry vegetable imports totaled $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 15%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States was the largest importer of dry vegetables in Northern America, with the volume of imports recording X tons, which was approx. 61% of total imports in 2022. It was distantly followed by Canada (X tons), mixing up a 39% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +4.9%).

In value terms, the United States ($X) constitutes the largest market for imported dry vegetables in Northern America, comprising 69% of total imports. The second position in the ranking was held by Canada ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +2.9%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, which is down by -8.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2021 when the import price increased by 23%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.8%).

Source: IndexBox Platform

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