Dried Prune Market in the United States
Market Overview
The U.S. dried prune market expanded significantly to $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed prominent growth. Over the period under review, the market reached the maximum level in and is likely to see gradual growth in years to come.
In value terms, dried prune production totaled $ in . In general, production saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by % against the previous year. Over the period under review, production hit record highs in and is likely to continue growth in the near future.
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed prominent growth. Over the period under review, the market reached the maximum level in and is likely to see gradual growth in years to come.In value terms, dried prune production totaled $
in . In general, production saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by % against the previous year. Over the period under review, production hit record highs in and is likely to continue growth in the near future.Consumption
In , the amount of dried prunes consumed in the United States rose modestly to tons, surging by % compared with the year before. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, consumption reached the peak volume at tons in ; however, from to , consumption failed to regain momentum.
The size of the dried prune market in the United States rose notably to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed buoyant growth. Dried prune consumption peaked in and is likely to continue growth in years to come.
, the amount of dried prunes consumed in the United States rose modestly to tons, surging by % compared with the year before. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, consumption reached the peak volume at tons in ; however, from to , consumption failed to regain momentum.The size of the dried prune market in the United States rose notably to $
in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed buoyant growth. Dried prune consumption peaked in and is likely to continue growth in years to come.Market Forecast
Driven by increasing demand for dried prunes in the United States, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of dried prune in the United States were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for dried prune. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
The United States remains a net exporter of dried prune; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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