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The price of frozen vegetables in the United States averages $1,289 per ton

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US frozen vegetable import price per ton August 2022

In August 2022, the price of frozen vegetables per ton was $1,289, up 3.7% from the previous month. Over the past seven months, it has increased at an average monthly rate of +1.2%. As a result, the import price has reached an all-time high and is expected to continue growing for the time being.

There were significant differences in average prices between major supplying countries. In August 2022, the country with the highest price was Mexico ($1,625 per ton), while the price for China ($931 per ton) was among the lowest.

From January 2022 to August 2022, the most notable growth rate in terms of prices was achieved by Belgium (+2.4%), while the prices of the other major suppliers experienced more modest growth rates.

U.S. frozen vegetable import prices by type

Average prices varied significantly among the main products supplied. In August 2022, the highest priced commodity was frozen vegetables other than potatoes and corn ($1,411 per tonne), while frozen sweet corn ($1,212 per tonne) was among the lowest.

From January 2022 to August 2022, the most notable growth rate in terms of prices was achieved by frozen sweet corn (+2.1%), while the prices of other products experienced more modest growth rates.

US imports of frozen vegetables

Imports of frozen vegetables into the United States contracted slightly to 164,000 tons in August 2022, down -4% from the previous month. Overall, imports fell sharply. The highest growth rate was recorded in March 2022 with a 26% increase month-on-month. As a result, imports peaked at 245,000 tonnes. From April 2022 to August 2022, import growth remained at a slightly lower figure.

In value, frozen vegetable imports fell to $211 million (IndexBox estimates) in August 2022. In general, imports showed a pronounced contraction. The pace of growth was fastest in March 2022, when imports increased by 25% compared to the previous month. As a result, imports peaked at $297 million. From April 2022 to August 2022, import growth remained at a lower level.

U.S. imports of frozen vegetables by type

Frozen potatoes (102,000 tons), frozen vegetables other than potatoes and corn (60,000 tons) and frozen sweet corn (2.1,000 tons) were the main imported frozen vegetable products in the United States. United States.

From January 2022 to August 2022, the biggest increases were for frozen potatoes (with a CAGR of -1.5%), while purchases for other products saw a decline.

In terms of value, the most traded types of frozen vegetables in the United States were frozen potatoes ($124 million), frozen vegetables other than potatoes and corn ($84 million), and frozen vegetables. frozen sweet corn ($2.5 million).

U.S. frozen vegetable imports by country

In August 2022, Canada (93,000 tons) was the largest supplier of frozen vegetables to the United States, accounting for a 57% share of total imports. In addition, imports of frozen vegetables from Canada exceeded the figures recorded by the second supplier, Mexico (24,000 tonnes), fourfold. The third position in this ranking is occupied by Belgium (13,000 tonnes), with a share of 8.2%.

From January 2022 to August 2022, the average monthly volume growth rate from Canada totaled -2.6%. The other supplier countries recorded the following average monthly import growth rates: Mexico (-6.5% per month) and Belgium (-3.0% per month).

In terms of value, Canada ($114M) was the largest supplier of frozen vegetables to the United States, accounting for 54% of total imports. The second position in the ranking is occupied by Mexico (39 million dollars), with a share of 19% of total imports. It was followed by Belgium, with a share of 7%.

From January 2022 to August 2022, the average monthly growth rate in terms of value from Canada has been relatively modest. The other supplier countries recorded the following average monthly import growth rates: Mexico (-5.3% per month) and Belgium (-0.7% per month).

Source: https://www.indexbox.io/blog/frozen-vegetable-price-per-ton-august-2022/

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