U.S.: Sweet Potato Market 2024

Sweet Potato Market Size in the U.S.

The U.S. sweet potato market contracted modestly to $X in 2023, remaining constant against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Sweet Potato Production in the U.S.

In value terms, sweet potato production declined slightly to $X in 2023. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

The average yield of sweet potatoes in the United States declined to X tons per ha in 2023, which is down by X% compared with 2022. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid 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 average 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, the total area harvested in terms of sweet potatoes production in the United States expanded notably to X ha, growing by X% on 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 somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. The sweet potato harvested area peaked at X ha in 2016; however, from 2017 to 2023, the harvested area failed to regain momentum.

Sweet Potato Exports

Exports from the U.S.

In 2023, the amount of sweet potatoes exported from the United States totaled X tons, flattening at the year before. In general, exports saw resilient growth. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, sweet potato exports totaled $X in 2023. Overall, total exports indicated buoyant growth from 2012 to 2023: its value 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 decreased by X% against 2018 indices. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Canada (X tons) and the UK (X tons) were the main destinations of sweet potato exports from the United States, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sweet potato exported from the United States were Canada ($X), the Netherlands ($X) and the UK ($X), with a combined X% share of total exports. Belgium and Mexico lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sweet potato export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were Mexico ($X per ton) and Belgium ($X per ton), while the average price for exports to the Netherlands ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced a decline.

Sweet Potato Imports

Imports into the U.S.

In 2023, after two years of growth, there was decline in overseas purchases of sweet potatoes, when their volume decreased by X% to X tons. Over the period under review, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X tons in 2022, and then dropped modestly in the following year.

In value terms, sweet potato imports declined dramatically to $X in 2023. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2022, and then dropped rapidly in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of sweet potato to the United States, accounting for a X% share of total imports. Moreover, sweet potato imports from China exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X tons), fourfold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Canada (X% per year).

In value terms, China ($X) constituted the largest supplier of sweet potatoes to the United States, comprising X% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Canada (X% per year).

Import Prices by Country

In 2023, the average sweet potato import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform