IndexBox has just published a new report: ‘U.S. – Sweet Biscuits Without Chocolate – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.
American sweet biscuit imports jumped by +7% y-o-y to 561K tonnes in 2020. In value terms, the purchases from abroad stood at $1.4B. Last year, Mexico remained the largest supplier to the U.S., comprising 70% of the American sweet biscuit imports. Among other major exporters, India saw the highest increase in biscuit shipments to the U.S. The average sweet biscuit import price in America dropped by -7.7% against the previous year.
U.S. Sweet Biscuit Imports
Sweet biscuit imports into the U.S. rose notably to 561K tonnes in 2020, increasing by +7% against the year before. In value terms, sweet biscuit imports stood at $1.4B (IndexBox estimates) in 2020.
In 2020, Mexico (391K tonnes) constituted the largest supplier of sweet biscuits to the U.S., with a 70% share of total imports. Moreover, sweet biscuits imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (77K tonnes), fivefold. The third position in this ranking was occupied by India (14K tonnes), with a 2.5% share.
In 2020, the average annual rate of growth in terms of volume from Mexico amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-2.2% per year) and India (+23.7% per year).
In value terms, Mexico ($658M), Canada ($332M) and Denmark ($52M) constituted the largest sweet biscuit suppliers to the U.S., with a combined 76% share of total imports. India lagged somewhat behind, accounting for a further 2.1%.
In 2020, the average sweet biscuit import price amounted to $2,442 per tonne, declining by -7.7% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Denmark ($5,603 per tonne), while the price for Mexico ($1,681 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Credit: Source link