U.S.: Market for Flour and Other Grain Mill Products 2024

Market Size for Flour and Other Grain Mill Products in the U.S.

The U.S. market for flour and other grain mill products amounted to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, saw a perceptible slump. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Flour and Other Grain Mill Products in the U.S.

In value terms, production of flour and other grain mill products expanded slightly to $X in 2022. In general, production, however, showed a noticeable shrinkage. Production of peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Flour and Other Grain Mill Products

Exports from the U.S.

Exports of flour and other grain mill products from the United States reduced to X tons in 2022, waning by X% compared with 2021 figures. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, exports of flour and other grain mill products skyrocketed to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and the UK (X tons) were the main destinations of exports of flour and other grain mill products from the United States, with a combined X% share of total exports. Australia, Democratic Republic of the Congo, Morocco, Ireland, Japan and Thailand lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and Democratic Republic of the Congo ($X) were the largest markets for flour and other grain mill product exported from the United States worldwide, with a combined X% share of total exports.

Among the main countries of destination, Democratic Republic of the Congo, with a CAGR of X%, recorded 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 export price for flour and other grain mill products stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Morocco ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Other Grain Mill Products

Imports into the U.S.

In 2022, imports of flour and other grain mill products into the United States expanded slightly to X tons, rising by X% against the previous year. The total import volume increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of flour and other grain mill products surged to $X in 2022. Over the period under review, total imports indicated resilient growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest flour and other grain mill product supplier to the United States, accounting for a X% share of total imports. Moreover, imports of flour and other grain mill products from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Canada ($X) constituted the largest supplier of flour and other grain mill products to the United States, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with an X% share of total imports. It was followed by Mexico, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average import price for flour and other grain mill products amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated strong growth from 2013 to 2022: its price 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, import price for flour and other grain mill products increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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