Updated Jan 22, 2023 11:00

Market for Seed, Fruit and Spore Used for Sowing in the United States

Market Overview
The U.S. market for seeds, fruit and spores used for sowing shrank to $ in , which is down 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 a prominent expansion. Over the period under review, the market reached the peak level at $ in , and then dropped in the following year.

In value terms, production of seeds, fruit and spores used for sowing shrank to $ in . Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by %. Production of peaked at $ in 2019; however, from to , production remained at a lower figure.

The average yield of seeds, fruit and spores used for sowing in the United States was estimated at less than kg per ha in , leveling off at figures. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The harvested area of seeds, fruit and spores used for sowing in the United States was estimated at less than ha in , approximately reflecting the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern.


Consumption
In , consumption of seeds, fruit and spores used for sowing in the United States reduced to tons, declining by -% against . In general, consumption, however, continues to indicate a remarkable increase. Consumption of peaked at tons in , and then fell slightly in the following year.

The size of the market for seeds, fruit and spores used for sowing in the United States declined to $ in , with a decrease of -% 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, however, showed a resilient increase. Over the period under review, the market reached the peak level at $ in , and then contracted in the following year.


Market Forecast
Driven by increasing demand for seeds, fruit and spores used for sowing 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 .


Trade Balance
The United States remains a net importer of seed, fruit and spore used for sowing; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.