Northern America: Canned Vegetable Market 2024

Canned Vegetable Market Size in Northern America

The North American canned vegetable market amounted to $X in 2022, rising by 13% against the previous year. Overall, consumption continues to indicate a remarkable increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Canned Vegetable Production in Northern America

In value terms, canned vegetable production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of 7% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Canned Vegetable Exports

Exports in Northern America

After three years of decline, overseas shipments of canned vegetables increased by 1.4% to X tons in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 5.8% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, canned vegetable exports reached $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United States (X tons) was the main exporter of canned vegetables, making up 79% of total exports. It was distantly followed by Canada (X tons), generating a 21% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of canned vegetables. At the same time, Canada (+5.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.3% from 2012-2022. Canada (+7.8 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -7.8% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest canned vegetable supplier in Northern America, comprising 73% of total exports. The second position in the ranking was taken by Canada ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, rising by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue 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 Canada (+2.2%).

Canned Vegetable Imports

Imports in Northern America

Canned vegetable imports rose to X tons in 2022, surging by 4.2% compared with 2021 figures. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +50.4% against 2012 indices. The growth pace was the most rapid in 2018 when imports increased by 14% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, canned vegetable imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the major importer of canned vegetables in Northern America, with the volume of imports accounting for X tons, which was near 78% of total imports in 2022. It was distantly followed by Canada (X tons), making up a 21% share of total imports.

The United States was also the fastest-growing in terms of the canned vegetables imports, with a CAGR of +4.9% from 2012 to 2022. At the same time, Canada (+1.9%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +5.3 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported canned vegetables in Northern America, comprising 79% of total imports. The second position in the ranking was taken by Canada ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +4.9%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, rising by 7.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :