U.S.: Candied Fruit Market 2024

Candied Fruit Market Size in the U.S.

In 2021, after five years of growth, there was decline in the U.S. candied fruit market, when its value decreased by -4.2% to $X. Over the period under review, consumption, however, saw a resilient increase. Over the period under review, the market reached the peak level at $X in 2020, and then reduced slightly in the following year.

Candied Fruit Production in the U.S.

In value terms, candied fruit production dropped to $X in 2021. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 58% against the previous year. Candied fruit production peaked at $X in 2020, and then declined in the following year.

Candied Fruit Exports

Exports from the U.S.

In 2021, after five years of decline, there was significant growth in shipments abroad of candied fruits, when their volume increased by 21% to X tons. Overall, exports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of 27%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, candied fruit exports surged to $X in 2021. In general, exports, however, recorded a perceptible setback. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for candied fruit exports from the United States, accounting for a 33% share of total exports. Moreover, candied fruit exports to Canada exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. Mexico (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+10.6% per year) and Mexico (+6.9% per year).

In value terms, Canada ($X), Saudi Arabia ($X) and Mexico ($X) appeared to be the largest markets for candied fruit exported from the United States worldwide, together accounting for 53% of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +14.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average candied fruit export price stood at $X per ton in 2021, waning by -2.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 16%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then declined modestly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Thailand ($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 the United Arab Emirates (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Candied Fruit Imports

Imports into the U.S.

In 2021, imports of candied fruits into the United States rose notably to X tons, growing by 14% against the year before. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, candied fruit imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons) constituted the largest candied fruit supplier to the United States, with a 35% share of total imports. Moreover, candied fruit imports from Thailand exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. Guatemala (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+4.7% per year) and Guatemala (+31.0% per year).

In value terms, Thailand ($X) constituted the largest supplier of candied fruit to the United States, comprising 43% of total imports. The second position in the ranking was taken by Mexico ($X), with an 11% share of total imports. It was followed by China, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.4% per year) and China (-4.0% per year).

Import Prices by Country

The average candied fruit import price stood at $X per ton in 2021, with a decrease of -3.2% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 an increase of 29%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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