U.S.: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in the U.S.

The U.S. breakfast cereal market stood at $X in 2021, remaining relatively unchanged against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Breakfast cereal consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Breakfast Cereal Production in the U.S.

In value terms, breakfast cereal production dropped to $X in 2021. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Breakfast Cereal Exports

Exports from the U.S.

Breakfast cereal exports from the United States shrank dramatically to X tons in 2021, falling by -X% on 2020 figures. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, breakfast cereal exports declined to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for breakfast cereal exports from the United States, accounting for a X% share of total exports. Moreover, breakfast cereal exports to Canada exceeded the volume sent to the second major destination, the Dominican Republic (X tons), fivefold. The third position in this ranking was taken by Haiti (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-X% per year) and Haiti (-X% per year).

In value terms, Canada ($X) remains the key foreign market for breakfast cereal exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and the Dominican Republic (-X% per year).

Export Prices by Country

In 2021, the average breakfast cereal export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price posted a prominent increase. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked in 2021 and is likely to see steady growth in years to come.

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

Breakfast Cereal Imports

Imports into the U.S.

In 2021, purchases abroad of breakfast cereals decreased by -X% to X tons, falling for the second year in a row after three years of growth. In general, imports recorded a abrupt decrease. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, breakfast cereal imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of breakfast cereal to the United States, accounting for a X% share of total imports. Moreover, breakfast cereal imports from Canada exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Spain (+X% per year).

In value terms, the largest breakfast cereal suppliers to the United States were Canada ($X), Mexico ($X) and South Korea ($X), with a combined X% share of total imports. These countries were followed by Spain, Thailand, the UK, France, India, the Dominican Republic and Turkey, which together accounted for a further X terms of the main suppliers, the UK, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average breakfast cereal import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price posted a strong increase. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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