Northern America: Spinach Market 2024

Spinach Market Size in Northern America

The North American spinach market shrank modestly to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Spinach Production in Northern America

In value terms, spinach production dropped modestly 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 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

The United States (X tons) remains the largest spinach producing country in Northern America, comprising approx. X% of total volume. It was followed by Canada (X tons), with a X% share of total production.

From 2012 to 2023, the average annual rate of growth in terms of volume in the United States stood at X%.

In 2023, the average yield of spinach in Northern America fell to X tons per ha, with a decrease of X% compared with the previous year's figure. Overall, the yield continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. Over the period under review, the spinach yield hit record highs at X tons per ha in 2013; however, from 2014 to 2023, the yield stood 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 spinach were harvested in Northern America; waning by X% against 2022 figures. The harvested area increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of harvested area peaked at X ha in 2019; however, from 2020 to 2023, the harvested area failed to regain momentum.

Spinach Exports

Exports in Northern America

In 2023, shipments abroad of spinach decreased by X% to X tons for the first time since 2017, thus ending a five-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then declined in the following year.

In value terms, spinach exports contracted to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

The United States prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Canada (X tons), constituting a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to spinach 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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In the United States, spinach exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices 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%).

Spinach Imports

Imports in Northern America

In 2023, purchases abroad of spinach decreased by X% to X tons, falling for the second consecutive year after three years of growth. Total imports indicated a resilient increase from 2012 to 2023: its volume 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 decreased by X% against 2021 indices. The growth pace was the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, spinach imports declined slightly to $X in 2023. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then dropped in the following year.

Imports by Country

The countries with the highest levels of spinach imports in 2023 were Canada (X tons) and the United States (X tons), together finishing at X% of total import.

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

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

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, declining 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 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then declined slightly in the following year.

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 stood at $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