Northern America: Potato Chips Market 2024

Potato Chips Market Size in Northern America

The North American potato chips market stood at $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Potato Chips Production in Northern America

In value terms, potato chips production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 12% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Potato Chips Exports

Exports in Northern America

For the ninth consecutive year, Northern America recorded growth in shipments abroad of potato chips, which increased by 1.6% to X tons in 2022. The total export volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 when exports increased by 10%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, potato chips exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States represented the key exporting country with an export of around X tons, which accounted for 72% of total exports. It was distantly followed by Canada (X tons), mixing up a 28% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of potato chips. At the same time, Canada (+7.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +7.3% from 2012-2022. Canada (+11 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -11.1% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest potato chips supplier in Northern America, comprising 67% of total exports. The second position in the ranking was held by Canada ($X), with a 33% share of total exports.

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

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, growing by 8.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.1%).

Potato Chips Imports

Imports in Northern America

In 2022, purchases abroad of potato chips increased by 2% to X tons, rising for the eighth year in a row after two years of decline. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 11% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, potato chips imports expanded sharply to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +68.2% against 2013 indices. The pace of growth was the most pronounced in 2021 when imports increased by 14%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States was the key importer of potato chips in Northern America, with the volume of imports resulting at X tons, which was near 61% of total imports in 2022. It was distantly followed by Canada (X tons), committing a 38% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +3.8%).

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the United States, with a CAGR of +7.1%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.2%).

Source: IndexBox Platform

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