Northern America: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in Northern America

The North American market for fresh bread and miscellaneous bakery expanded slightly to $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

Production of Fresh Bread and Miscellaneous Bakery in Northern America

In value terms, fresh bread and miscellaneous bakery production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Fresh Bread and Miscellaneous Bakery

Exports in Northern America

For the third consecutive year, Northern America recorded growth in shipments abroad of fresh bread and miscellaneous bakery, which increased by X% to X tons in 2023. Total exports indicated buoyant growth 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, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, fresh bread and miscellaneous bakery exports rose sharply to $X in 2023. Overall, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to see gradual growth in years to come.

Exports by Country

The biggest shipments were from Canada (X tons) and the United States (X tons), together finishing at X% of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of X%).

In value terms, Canada ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2023.

Among the main exporting countries, Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the export prices reached the peak figure in 2023 and is likely to see steady growth in the immediate term.

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

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

Imports of Fresh Bread and Miscellaneous Bakery

Imports in Northern America

In 2023, approx. X tons of fresh bread and miscellaneous bakery were imported in Northern America; increasing by X% compared with 2022 figures. Overall, imports enjoyed prominent growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

In value terms, fresh bread and miscellaneous bakery imports expanded sharply to $X in 2023. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, the United States (X tons) represented the major importer of fresh bread and miscellaneous bakery, achieving X% of total imports. It was distantly followed by Canada (X tons), committing a X% share of total imports.

The United States was also the fastest-growing in terms of the fresh bread and miscellaneous bakery imports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. From 2012 to 2023, the share of the United States increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported fresh bread and miscellaneous bakery in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, fresh bread and miscellaneous bakery imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2023 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, 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%).

Source: IndexBox Platform