U.S.: Market for Flavoring Syrups And Concentrates 2024

Market Size for Flavoring Syrups And Concentrates in the U.S.

After two years of growth, the U.S. flavoring syrup and concentrate market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted modestly in the following year.

Production of Flavoring Syrups And Concentrates in the U.S.

In value terms, flavoring syrup and concentrate production declined to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Flavoring syrup and concentrate production peaked at $X in 2021, and then contracted slightly in the following year.

Exports of Flavoring Syrups And Concentrates

Exports from the U.S.

In 2022, exports of flavoring syrups and concentrates from the United States fell dramatically to X tons, declining by X% against 2021. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, flavoring syrup and concentrate exports reduced dramatically to $X in 2022. In general, exports saw a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for flavoring syrup and concentrate exports from the United States, accounting for a X% share of total exports. Moreover, flavoring syrup and concentrate exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was held by Australia (X tons), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Australia (X% per year).

In value terms, the largest markets for flavoring syrup and concentrate exported from the United States were Canada ($X), Mexico ($X) and Guatemala ($X), with a combined X% share of total exports. Brazil, Australia, the Philippines, Honduras, Chile, Colombia, Israel, Vietnam, South Africa and Peru lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Israel, with a CAGR of X%, 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

In 2022, the average flavoring syrup and concentrate export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flavoring Syrups And Concentrates

Imports into the U.S.

In 2022, purchases abroad of flavoring syrups and concentrates increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, total imports indicated a tangible expansion from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, flavoring syrup and concentrate imports soared to $X in 2022. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of flavoring syrup and concentrate to the United States, with a X% share of total imports. Moreover, flavoring syrup and concentrate imports from Canada exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2013 to 2022, the average annual growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Singapore ($X) constituted the largest supplier of flavoring syrups and concentrates to the United States, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by the Dominican Republic, with a X% share.

From 2013 to 2022, the average annual growth rate of value from Singapore stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

In 2022, the average flavoring syrup and concentrate import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price recorded a significant expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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