Updated Jan 19, 2023 10:09

Fruit Flour Market in the United States

In , consumption of fruit flour decreased by -% to tons, falling for the fourth year in a row after two years of growth. In general, consumption showed a slight downturn. Fruit flour consumption peaked at tons in 2009; however, from 2010 to , consumption failed to regain momentum.

The revenue of the fruit flour market in the United States declined sharply to $ in , dropping 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). Over the period under review, consumption, however, continues to indicate slight growth. Fruit flour consumption peaked at $ in ; however, from to , consumption remained at a lower figure.

Market Forecast
Depressed by shrinking demand for fruit flour in the United States, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract 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
Driven by a growing demand, the share of imports in total supply in the United States increased significantly over the last fifteen-year period (from % to %). Total import supply of fruit flour is expected to rise, though it will be moderately impacted by price increases. 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.

Trade Balance
The United States remains a net exporter of fruit flour; 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.