Northern America: Vegetable Market 2020

Vegetable Market Size in Northern America

The revenue of the vegetable market in Northern America amounted to $X in 2017, lowering by -X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2014, with an increase of X% against the previous year. Over the period under review, the vegetable market attained its maximum level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Vegetable Production in Northern America

In 2017, approx. X tons of vegetables were produced in Northern America; dropping by -X% against the previous year. The vegetable production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, when the output figure increased by X% year-to-year. Over the period under review, the vegetable production attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level. The general negative trend in terms of vegetable output was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.

The U.S. (X tons) constituted the country with the largest volume of vegetable production, comprising approx. X% of total production. Moreover, vegetable production in the U.S. exceeded the figures recorded by the world's second largest producer, Canada (X tons), eightfold.

From 2007 to 2017, the average annual growth rate of volume in the U.S. was relatively modest.

In 2017, average yield of vegetables in Northern America stood at X ton per ha, flattening at the previous year. The vegetable yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, with an increase of X% year-to-year. The level of vegetable yield peaked of X ton per ha in 2016, and then declined slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, the total area harvested in terms of vegetables production in Northern America amounted to X ha, coming down by -X% against the previous year. The vegetable harvested area continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2012, when it surged by X% y-o-y. Over the period under review, the harvested area dedicated to vegetable production reached its maximum of X ha in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Vegetable Exports in Northern America

The exports stood at X tons in 2017, rising by X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The pace of growth appeared the most rapid in 2010, with an increase of X% against the previous year. The volume of exports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, vegetable exports amounted to $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. The level of exports peaked in 2017, and are expected to retain its growth in the near future.

Vegetable Exports by Country in Northern America

The U.S. represented the largest exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Canada (X tons), mixed up X% share of total exports.

Exports from the U.S. increased at an average annual rate of +X% from 2007 to 2017. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest growing exporter in Northern America, with a CAGR of +X% from 2007-2017. While the share of Canada (-X%) and the U.S. (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest vegetable supplier in Northern America, making up X% of global exports. The second position in the ranking was occupied by Canada ($X), with a X% share of global exports.

From 2007 to 2017, the average annual rate of growth in terms of value in the U.S. amounted to +X%.

Vegetable Export Prices by Country in Northern America

In 2017, the vegetable export price in Northern America amounted to $X per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013, an increase of X% against the previous year. The level of export price peaked of $X per ton in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Canada ($X per ton) and the U.S. ($X per ton), while the U.S. ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Canada (+X% per year).

Vegetable Imports in Northern America

In 2017, vegetable imports in Northern America totaled X tons, approximately mirroring the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. The volume of imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, vegetable imports amounted to $X in 2017. The total imports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the vegetable imports increased by +X% against 2007 indices. The level of imports peaked of $X in 2016, leveling off in the following year.

Vegetable Imports by Country in Northern America

The U.S. represented the main importer of vegetables in Northern America, with the volume of imports finishing at X tons, which was near X% of total imports in 2017. It was distantly followed by Canada (X tons), creating X% share of total imports.

The U.S. was also the fastest growing in terms of the vegetables imports, with a CAGR of +X% from 2007 to 2017. At the same time, Canada (+X%) displayed positive paces of growth. While the share of Canada (-X%) and the U.S. (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported vegetables in Northern America, making up X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports.

In the U.S., vegetable imports increased at an average annual rate of +X% over the period from 2007-2017.

Vegetable Import Prices by Country in Northern America

In 2017, the vegetable import price in Northern America amounted to $X per ton, approximately reflecting the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2010, an increase of X% y-o-y. Over the period under review, the import prices for vegetables reached its peak figure level of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Average import prices varied noticeably amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Canada ($X per ton) and the U.S. ($X per ton), while the U.S. ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year).

Source: IndexBox Platform