Northern America: Soups Market 2025

Soups Market Size in Northern America

The North American soups market was estimated at $X in 2021, picking up by 2% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked in 2021 and is likely to see gradual growth in years to come.

Soups Production in Northern America

In value terms, soups production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Soups Exports

Exports in Northern America

In 2021, overseas shipments of soups and broths decreased by -7.9% to X tons for the first time since 2015, thus ending a five-year rising trend. Total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +42.4% against 2015 indices. The pace of growth was the most pronounced in 2019 when exports increased by 15%. The volume of export peaked at X tons in 2020, and then declined in the following year.

In value terms, soups exports amounted to $X in 2021. The total export value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 13% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States represented the major exporting country with an export of about X tons, which accounted for 65% of total exports. It was distantly followed by Canada (X tons), mixing up a 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United States (with a CAGR of +5.3%).

In value terms, the United States ($X) remains the largest soups supplier in Northern America, comprising 79% of total exports. The second position in the ranking was held by Canada ($X), with a 21% share of total exports.

In the United States, soups exports increased at an average annual rate of +4.5% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, increasing by 8.8% against the previous year. In general, the export price, however, saw a mild reduction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.8%).

Soups Imports

Imports in Northern America

In 2021, after five years of growth, there was significant decline in supplies from abroad of soups and broths, when their volume decreased by -12.6% to X tons. Overall, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 26%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, soups imports totaled $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons) represented the largest importer of soups and broths, creating 62% of total imports. It was distantly followed by Canada (X tons), generating a 38% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +12.3%).

In value terms, the largest soups importing markets in Northern America were the United States ($X) and Canada ($X).

Among the main importing countries, Canada, with a CAGR of +8.1%, recorded 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 2021, jumping by 16% against the previous year. Over the period under review, the import price, however, showed a mild reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States 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 (-0.9%).

Source: IndexBox Platform

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