U.S.: Mixed Juices Market 2024

Mixed Juices Market Size in the U.S.

The U.S. mixed juices market expanded significantly to $X in 2022, surging by 7.5% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced setback. Mixed juices consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Mixed Juices Production in the U.S.

In value terms, mixed juices production rose rapidly to $X in 2022. Over the period under review, production, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by 50%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mixed Juices Exports

Exports from the U.S.

In 2022, shipments abroad of mixtures of fruit and vegetable juices was finally on the rise to reach X tons after seven years of decline. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 34%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, mixed juices exports shrank modestly to $X in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 2.1% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for mixed juices exports from the United States, accounting for a 43% share of total exports. Moreover, mixed juices exports to Canada exceeded the volume sent to the second major destination, Bahamas (X tons), fourfold. The third position in this ranking was held by the Philippines (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled -14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+9.8% per year) and the Philippines (+0.5% per year).

In value terms, Canada ($X) remains the key foreign market for mixtures of fruit and vegetable juices exports from the United States, comprising 43% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by Bahamas, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-8.3% per year) and Bahamas (+12.1% per year).

Export Prices by Country

The average mixed juices export price stood at $X per ton in 2022, declining by -16.9% against the previous year. Overall, the export price, however, showed measured growth. The pace of growth was the most pronounced in 2020 an increase of 66%. The export price peaked at $X per ton in 2021, and then fell sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Turks and Caicos Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into the U.S.

In 2022, overseas purchases of mixtures of fruit and vegetable juices increased by 18% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 20% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, mixed juices imports skyrocketed to $X in 2022. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 29% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), Turkey (X tons) and Mexico (X tons) were the main suppliers of mixed juices imports to the United States, together accounting for 58% of total imports. Brazil, Germany, Thailand, France, the Philippines, South Korea, Vietnam, Italy, Poland and South Africa lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +49.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Turkey ($X) and Mexico ($X) constituted the largest mixed juices suppliers to the United States, together accounting for 57% of total imports. Brazil, Thailand, Germany, the Philippines, Vietnam, South Korea, France, Italy, Poland and South Africa lagged somewhat behind, together comprising a further 26%.

Vietnam, with a CAGR of +55.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mixed juices import price stood at $X per ton in 2022, surging by 2.3% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed juices import price increased by +73.3% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 20%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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