U.S. - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPoppy Seed Price in the United States - 2023
Contents:
- Poppy Seed Price in the United States (CIF) - 2023
- Poppy Seed Price in the United States (FOB) - 2022
- Poppy Seed Imports in the United States
- Poppy Seed Exports in the United States
Poppy Seed Price in the United States (CIF) - 2023
The average poppy seed import price stood at $3,108 per ton in August 2023, dropping by -2.6% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 23% against the previous month. As a result, import price reached the peak level of $3,602 per ton. From October 2022 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($4,420 per ton), while the price for the Czech Republic ($2,663 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Australia (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Poppy Seed Price in the United States (FOB) - 2022
In 2022, the average poppy seed export price amounted to $913 per ton, picking up by 7.1% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the maximum at $1,317 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($910 per ton) and Guatemala ($719 per ton), while the average price for exports to Costa Rica ($719 per ton) and Mexico ($719 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.0%), while the prices for the other major destinations experienced a decline.
Poppy Seed Imports in the United States
In 2022, purchases abroad of poppy seed increased by 13% to 6.5K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, poppy seed imports surged to $19M in 2022. In general, imports, however, continue to indicate a slight decline.
Import of Poppy Seed in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 6.5 | 7.9 | 5.6 | 7.4 | 4.4% |
Netherlands | 8.4 | 3.8 | 5.5 | 6.1 | -10.1% |
Turkey | 2.7 | 3.1 | 3.0 | 3.1 | 4.7% |
Hungary | 0.3 | 1.1 | 0.7 | 1.5 | 71.0% |
Australia | 0.2 | 0.6 | 0.3 | 0.2 | 0.0% |
United Kingdom | 1.1 | 0.5 | N/A | 0.1 | -55.0% |
Others | 0.9 | 1.1 | 0.7 | 0.6 | -12.6% |
Total | 20.2 | 18.0 | 15.9 | 19.0 | -2.0% |
Top Suppliers of Poppy Seed to the United States in 2022:
- Spain (3001.1 tons)
- Netherlands (1997.0 tons)
- Turkey (796.1 tons)
- Hungary (460.4 tons)
- Australia (101.3 tons)
- United Kingdom (39.7 tons)
Poppy Seed Exports in the United States
In 2022, shipments abroad of poppy seed decreased by -8.9% to 1.2K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 104%. As a result, the exports reached the peak of 1.9K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, poppy seed exports shrank to $1.1M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -27.9% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year. As a result, the exports attained the peak of $1.6M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Poppy Seed in the United States (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 861 | 1,449 | 982 | 1,059 | 7.1% |
Guatemala | 18.2 | 23.0 | 44.0 | 22.8 | 7.8% |
Costa Rica | N/A | 13.4 | 28.7 | 13.5 | 0.4% |
Others | 55.8 | 78.3 | 101 | 32.6 | -16.4% |
Total | 935 | 1,564 | 1,155 | 1,127 | 6.4% |
Top Export Markets for Poppy Seed from the United States in 2022:
- Canada (1163.7 tons)
- Guatemala (31.7 tons)
- Costa Rica (18.8 tons)
This report provides an in-depth analysis of the poppy seed 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:
- FCL 296 - Poppy seed
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.
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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
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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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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