U.S.: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in the U.S.

The U.S. prepared dish and meal market dropped slightly to $X in 2021, waning by -4.5% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.6% against 2012 indices. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Prepared Dishes And Meals in the U.S.

In value terms, prepared dish and meal production contracted slightly to $X in 2021. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 11% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Exports of Prepared Dishes And Meals

Exports from the U.S.

In 2021, approx. X tons of prepared dishes and meals were exported from the United States; picking up by 18% on 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, prepared dish and meal exports soared to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for prepared dish and meal exports from the United States, with a 31% share of total exports. Moreover, prepared dish and meal exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+0.5% per year) and the Netherlands (+4.9% per year).

In value terms, Canada ($X) remains the key foreign market for prepared dishes and meals exports from the United States, comprising 21% of total exports. The second position in the ranking was taken by Mexico ($X), with a 9.9% share of total exports. It was followed by South Korea, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+5.1% per year) and South Korea (+11.0% per year).

Export Prices by Country

The average prepared dish and meal export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2020 an increase of 9.6%. As a result, the export price attained the peak level of $X per ton, and then dropped modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into the U.S.

In 2021, approx. X tons of prepared dishes and meals were imported into the United States; with an increase of 15% against 2020 figures. In general, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 52%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, prepared dish and meal imports totaled $X in 2021. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 128% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Singapore (X tons) constituted the largest prepared dish and meal supplier to the United States, with a 55% share of total imports. Moreover, prepared dish and meal imports from Singapore exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from Singapore amounted to +92.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-3.2% per year) and Thailand (-4.0% per year).

In value terms, Singapore ($X) constituted the largest supplier of prepared dishes and meals to the United States, comprising 49% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports. It was followed by China, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from Singapore totaled +99.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+4.6% per year) and China (+17.1% per year).

Import Prices by Country

In 2021, the average prepared dish and meal import price amounted to $X per ton, waning by -3.5% against the previous year. Overall, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 50% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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