Northern America: Sweet Potato Market 2024

Sweet Potato Market Size in Northern America

The North American sweet potato market shrank modestly to $X in 2023, standing approx. at the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Sweet Potato Production in Northern America

In value terms, sweet potato production dropped to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

The United States (X tons) constituted the country with the largest volume of sweet potato production, accounting for X% of total volume.

In the United States, sweet potato production remained relatively stable over the period from 2012-2023.

In 2023, the average sweet potato yield in Northern America declined modestly to X tons per ha, which is down by X% against 2022 figures. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2023, the growth of the sweet potato yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of sweet potatoes were harvested in Northern America; surging by X% compared with the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sweet potato production attained the peak figure at X ha in 2016; however, from 2017 to 2023, the harvested area stood at a somewhat lower figure.

Sweet Potato Exports

Exports in Northern America

Sweet potato exports totaled X tons in 2023, almost unchanged from 2022 figures. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, sweet potato exports amounted to $X in 2023. Over the period under review, exports showed a buoyant increase. The growth pace was the most rapid in 2015 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, the United States (X tons) was the largest exporter of sweet potatoes, comprising X% of total exports. It was distantly followed by Canada (X tons), mixing up a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to sweet potato exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Canada increased by X percentage points.

In value terms, the United States ($X) remains the largest sweet potato supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in the United States amounted to X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Sweet Potato Imports

Imports in Northern America

In 2023, supplies from abroad of sweet potatoes decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Total imports indicated a buoyant increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2014 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then reduced in the following year.

In value terms, sweet potato imports shrank to $X in 2023. Total imports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2023, Canada (X tons) was the main importer of sweet potatoes, committing X% of total imports. It was distantly followed by the United States (X tons), committing a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United States (with a CAGR of X%).

In value terms, the largest sweet potato importing markets in Northern America were Canada ($X) and the United States ($X).

In terms of the main importing countries, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform