Northern America: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Northern America

In 2022, the North American market for malt extract and food preparations of flour, meal, and starches increased by 16% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +53.2% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Northern America

In value terms, production of malt extract and food preparations of flour, meal, and starches skyrocketed to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +59.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in Northern America

In 2022, the amount of malt extract and food preparations of flour, meal, and starches exported in Northern America rose remarkably to X tons, picking up by 12% on the previous year. The total export volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of malt extract and food preparations of flour, meal, and starches skyrocketed to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from Canada (X tons) and the United States (X tons), together finishing at 99.9% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +14.2%).

In value terms, Canada ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, Canada, with a CAGR of +13.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, picking up by 8.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2016 an increase of 10%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%).

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in Northern America

For the seventh year in a row, Northern America recorded growth in supplies from abroad of malt extract and food preparations of flour, meal, and starches, which increased by 11% to X tons in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its volume 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, imports increased by +84.4% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of malt extract and food preparations of flour, meal, and starches skyrocketed to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.5% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the largest importing country with an import of about X tons, which amounted to 74% of total imports. It was distantly followed by Canada (X tons), creating a 26% share of total imports.

The United States was also the fastest-growing in terms of the malt extract and food preparations of flour, meal, and starches imports, with a CAGR of +10.0% from 2012 to 2022. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by +19 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported malt extract and food preparations of flour, meal, and starches in Northern America, comprising 77% of total imports. The second position in the ranking was taken by Canada ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +9.3%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 5.6% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2016; afterwards, it flattened through to 2022.

Average prices varied noticeably 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.2%).

Source: IndexBox Platform

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