Northern America: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Northern America

The North American prepared dish and meal market fell to $X in 2021, dropping by -5.1% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.4% against 2012 indices. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Production of Prepared Dishes And Meals in Northern America

In value terms, prepared dish and meal production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 13% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped slightly in the following year.

Exports of Prepared Dishes And Meals

Exports in Northern America

In 2021, approx. X tons of prepared dishes and meals were exported in Northern America; jumping by 20% compared with the year before. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal exports surged to $X in 2021. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the key exporting country with an export of about X tons, which recorded 74% of total exports. It was distantly followed by Canada (X tons), achieving a 26% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of prepared dishes and meals. At the same time, Canada (+4.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.7% from 2012-2021. From 2012 to 2021, the share of Canada increased by +6.8 percentage points.

In value terms, the United States ($X) remains the largest prepared dish and meal supplier in Northern America, comprising 82% of total exports. The second position in the ranking was held by Canada ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +4.3%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, which is down by -3.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2018 when the export price increased by 9% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.1%).

Imports of Prepared Dishes And Meals

Imports in Northern America

In 2021, the amount of prepared dishes and meals imported in Northern America totaled X tons, with an increase of 15% on the year before. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.1% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 34% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, prepared dish and meal imports expanded remarkably to $X in 2021. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 83% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

The United States was the main importer of prepared dishes and meals in Northern America, with the volume of imports accounting for X tons, which was approx. 72% of total imports in 2021. It was distantly followed by Canada (X tons), committing a 28% share of total imports.

The United States was also the fastest-growing in terms of the prepared dishes and meals imports, with a CAGR of +7.9% from 2012 to 2021. At the same time, Canada (+1.6%) displayed positive paces of growth. While the share of the United States (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-11.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported prepared dishes and meals in Northern America, comprising 81% of total imports. The second position in the ranking was taken by Canada ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +15.7%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, reducing by -3.3% against the previous year. Overall, the import price, however, saw a prominent increase. The pace of growth was the most pronounced in 2018 when the import price increased by 36% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.2%).

Source: IndexBox Platform

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