Northern America: Vinegar-Preserved Vegetable Market 2024

Vinegar-Preserved Vegetable Exports

Exports in Northern America

In 2022, vinegar-preserved vegetable exports in Northern America skyrocketed to X tons, jumping by 18% on the previous year. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 26%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, vinegar-preserved vegetable exports expanded notably to $X in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 18% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, reaching X tons, which was near 94% of total exports in 2022. It was distantly followed by Canada (X tons), achieving a 6.4% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of vegetables in vinegar other than potatoes. At the same time, Canada (+5.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.5% from 2012-2022. While the share of Canada (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-2.4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest vinegar-preserved vegetable supplier in Northern America, comprising 90% of total exports. The second position in the ranking was held by Canada ($X), with a 10% share of total exports.

In the United States, vinegar-preserved vegetable exports expanded at an average annual rate of +1.6% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, declining by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 an increase of 10%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices 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 (+2.3%).

Vinegar-Preserved Vegetable Imports

Imports in Northern America

Vinegar-preserved vegetable imports rose slightly to X tons in 2022, increasing by 2.6% against the previous year's figure. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, vinegar-preserved vegetable imports rose notably to $X in 2022. The total import value increased at an average annual rate of +3.4% 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 2021 with an increase of 13%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The United States represented the largest importing country with an import of about X tons, which recorded 79% of total imports. It was distantly followed by Canada (X tons), constituting a 21% share of total imports.

The United States was also the fastest-growing in terms of the vegetables in vinegar other than potatoes imports, with a CAGR of +4.1% from 2012 to 2022. Canada experienced a relatively flat trend pattern. While the share of the United States (+8.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-8.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported vegetables in vinegar other than potatoes in Northern America, comprising 78% of total imports. The second position in the ranking was held by Canada ($X), with a 22% share of total imports.

In the United States, vinegar-preserved vegetable imports increased at an average annual rate of +4.1% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, with an increase of 8.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by 9.9% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.6%).

Source: IndexBox Platform

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