U.S. - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBreakfast Cereal Price in the United States - 2023
Contents:
- Breakfast Cereal Price in the United States (CIF) - 2023
- Breakfast Cereal Price in the United States (FOB) - 2023
- Breakfast Cereal Imports in the United States
- Breakfast Cereal Exports in the United States
Breakfast Cereal Price in the United States (CIF) - 2023
In October 2023, the average breakfast cereal import price amounted to $4,280 per ton, dropping by -10.4% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 9.8% against the previous month. As a result, import price attained the peak level of $5,153 per ton. From July 2023 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($7,573 per ton), while the price for Turkey ($985 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Breakfast Cereal Price in the United States (FOB) - 2023
In October 2023, the average breakfast cereal export price amounted to $5,541 per ton, remaining constant against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 35% against the previous month. The export price peaked at $6,429 per ton in May 2023; however, from June 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($7,923 per ton), while the average price for exports to Haiti ($561 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Breakfast Cereal Imports in the United States
Breakfast cereal imports into the United States rose sharply to 204K tons in 2022, growing by 15% against the previous year. In general, imports, however, recorded a deep setback.
In value terms, breakfast cereal imports expanded remarkably to $890M in 2022. The total import value increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Breakfast Cereal in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 309 | 325 | 355 | 399 | 8.9% |
| Mexico | 154 | 174 | 192 | 195 | 8.2% |
| South Korea | 25.6 | 36.7 | 44.5 | 68.1 | 38.6% |
| Spain | 25.5 | 23.3 | 29.1 | 42.3 | 18.4% |
| Thailand | 24.4 | 24.6 | 24.1 | 33.6 | 11.3% |
| United Kingdom | 6.7 | 7.7 | 19.9 | 24.6 | 54.3% |
| Italy | 5.9 | 8.2 | 10.0 | 18.6 | 46.6% |
| India | 12.5 | 12.6 | 15.5 | 18.2 | 13.3% |
| France | 11.5 | 11.4 | 17.0 | 12.2 | 2.0% |
| China | 6.7 | 6.4 | 6.5 | 7.5 | 3.8% |
| Turkey | 2.0 | 2.9 | 1.9 | 3.1 | 15.7% |
| Others | 67.7 | 63.1 | 61.3 | 67.6 | -0.0% |
| Total | 651 | 696 | 777 | 890 | 11.0% |
Top Suppliers of Breakfast Cereal to the United States in 2022:
- Canada (91.9K tons)
- South Korea (22.3K tons)
- Mexico (20.0K tons)
- Thailand (12.7K tons)
- Spain (12.4K tons)
- India (8.5K tons)
- United Kingdom (7.5K tons)
- Italy (4.8K tons)
- China (4.0K tons)
- France (3.7K tons)
- Turkey (3.1K tons)
Breakfast Cereal Exports in the United States
In 2022, shipments abroad of breakfast cereals increased by 2.1% to 130K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt setback.
In value terms, breakfast cereal exports expanded rapidly to $709M in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Breakfast Cereal in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 444 | 508 | 472 | 528 | 5.9% |
| Mexico | 44.1 | 38.8 | 37.8 | 44.5 | 0.3% |
| United Kingdom | 15.9 | 17.9 | 7.2 | 11.1 | -11.3% |
| Dominican Republic | 6.8 | 7.7 | 8.2 | 11.0 | 17.4% |
| Haiti | 2.1 | 4.0 | 3.8 | 3.0 | 12.6% |
| Burkina Faso | 0.6 | 0.7 | 0.8 | 1.3 | 29.4% |
| Others | 129 | 127 | 111 | 110 | -5.2% |
| Total | 642 | 704 | 641 | 709 | 3.4% |
Top Export Markets for Breakfast Cereal from the United States in 2022:
- Canada (87.0K tons)
- Mexico (8.4K tons)
- Dominican Republic (5.4K tons)
- Haiti (3.2K tons)
- Burkina Faso (2.5K tons)
- United Kingdom (1.8K tons)
This report provides an in-depth analysis of the breakfast cereal market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
- Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
- Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In February 2023, the monthly price of breakfast cereal was $4,812 per ton (CIF, US). There was a 9.3% increase compared to the previous month.
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