U.S.: Market for Frozen Cakes, Pies, And Other Pastries 2024

Market Size for Frozen Cakes, Pies, And Other Pastries in the U.S.

In 2022, after two years of growth, there was significant decline in the U.S. frozen cake and pastry market, when its value decreased by X% to $X. In general, consumption, however, recorded a relatively flat trend pattern. Frozen cake and pastry consumption peaked at $X in 2021, and then fell notably in the following year.

Production of Frozen Cakes, Pies, And Other Pastries in the U.S.

In value terms, frozen cake and pastry production dropped 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 relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Frozen cake and pastry production peaked at $X in 2021, and then shrank modestly in the following year.

Exports of Frozen Cakes, Pies, And Other Pastries

Exports from the U.S.

In 2022, overseas shipments of frozen cakes, pies, and other pastries decreased by X% to less than X kg for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, frozen cake and pastry exports stood at $X in 2022. Over the period under review, exports, however, recorded resilient growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Canada (X tons) was the main destination for frozen cake and pastry exports from the United States, accounting for a X% share of total exports. Moreover, frozen cake and pastry exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2013 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: Mexico (X% per year) and the UK (X% per year).

In value terms, Canada ($X) remains the key foreign market for frozen cakes, pies, and other pastries exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports. It was followed by the UK, with a X% share.

From 2013 to 2021, the average annual growth rate of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the UK (X% per year).

Export Prices by Country

The average frozen cake and pastry export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the export price, however, showed a strong increase. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Cakes, Pies, And Other Pastries

Imports into the U.S.

In 2022, purchases abroad of frozen cakes, pies, and other pastries decreased by X% to less than X kg, falling for the second year in a row after eight years of growth. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen cake and pastry imports surged to $X in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 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

Thailand (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of frozen cake and pastry imports to the United States, together accounting for X% of total imports. Indonesia, Ecuador, Canada, the Philippines, Mexico, Chile, Japan, South Korea, India and Senegal lagged somewhat behind, together accounting for a further X%.

From 2013 to 2021, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and China ($X) appeared to be the largest frozen cake and pastry suppliers to the United States, together comprising X% of total imports. Vietnam, the Philippines, Canada, Japan, Ecuador, India, Chile, Mexico, South Korea and Senegal lagged somewhat behind, together accounting for a further X%.

Chile, with a CAGR of X%, saw the highest growth rate of 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

In 2021, the average frozen cake and pastry import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a prominent increase from 2013 to 2021: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen cake and pastry import price increased by X% against 2017 indices. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :