IndexBox has just published a new report: ‘U.S. Flavoring Syrup And Concentrate Market. Analysis And Forecast to 2025’. Here is a summary of the report’s key findings.

The revenue of the flavoring syrup and concentrate market in the U.S. amounted to $12B in 2018, rising by 5.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.1% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2015 when the market value increased by 17% against the previous year. Flavoring syrup and concentrate consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Production of Flavoring Syrups And Concentrates in the U.S.

In value terms, flavoring syrup and concentrate production stood at $11.8B in 2018. The total output value increased at an average annual rate of +4.4% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when production volume increased by 16% y-o-y. Over the period under review, flavoring syrup and concentrate production attained its peak figure level in 2018 and is likely to continue its growth in the immediate term.

Exports from the U.S.

Flavoring syrup and concentrate exports from the U.S. amounted to 11K tonnes in 2018, dropping by -15.5% against the previous year. Overall, flavoring syrup and concentrate exports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2015 when exports decreased by -0.2% year-to-year. Over the period under review, flavoring syrup and concentrate exports attained their maximum at 49K tonnes in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, flavoring syrup and concentrate exports amounted to $98M (IndexBox estimates) in 2018. Over the period under review, flavoring syrup and concentrate exports continue to indicate a drastic deduction. The most prominent rate of growth was recorded in 2018 when exports increased by 1% against the previous year. Over the period under review, flavoring syrup and concentrate exports reached their maximum at $237M in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Guatemala (2.1K tonnes) was the main destination for flavoring syrup and concentrate exports from the U.S., accounting for a 20% share of total exports. Moreover, flavoring syrup and concentrate exports to Guatemala exceeded the volume sent to the second major destination, Brazil (832 tonnes), threefold. The third position in this ranking was occupied by Japan (644 tonnes), with a 5.9% share.

From 2013 to 2018, the average annual rate of growth in terms of volume to Guatemala amounted to +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-21.1% per year) and Japan (-32.9% per year).

In value terms, the largest markets for flavoring syrup and concentrate exported from the U.S. were South Korea ($14M), the Netherlands ($11M) and Guatemala ($9.8M), together comprising 35% of total exports.

South Korea experienced the highest rates of growth with regard to exports, among the main countries of destination over the last five-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average flavoring syrup and concentrate export price amounted to $8,975 per tonne, picking up by 20% against the previous year. In general, the flavoring syrup and concentrate export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 63% y-o-y. The export price peaked in 2018 and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($27,871 per tonne), while the average price for exports to Israel ($3,031 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+56.1% per year), while the prices for the other major destinations experienced more modest paces of growth.

Companies Mentioned in the Report

The Coca-Cola Company, Sensient Technologies Corporation, Flavor & Fragrance Specialties, David Michael & Co., Flotek Industries, Sodastream Usa, Tampico Beverages, Agrana Fruit Us, Bi Nutraceuticals, Monin, Virginia Dare Extract Co., Illes Food Ingredients, Mane, Delavau, Dr Pepper/Seven Up, R. Torre & Company, Wiley Organics, American Fruits and Flavors, Mastertaste, Allen Flavors, Felbro Food Products, Delano Growers Grape Products, Eagle Beverage and Accessory Products, Sensient Flavors, Jus-Made, Caribbean Refrescos, Cesi Chemical

Source: IndexBox AI Platform

The post U.S. Market for Flavoring Syrup And Concentrate Peaked at $12B in 2018 and Is Likely to See Steady Growth appeared first on Global Trade Magazine.



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U.S. Market For Flavoring Syrup And Concentrate Peaked At $12B In 2018 And Is Likely To See Steady Growth
U.S. Market For Flavoring Syrup And Concentrate Peaked At $12B In 2018 And Is Likely To See Steady Growth
U.S. Market For Flavoring Syrup And Concentrate Peaked At $12B In 2018 And Is Likely To See Steady Growth

U.S. Market For Flavoring Syrup And Concentrate Peaked At $12B In 2018 And Is Likely To See Steady Growth

U.S. Market For Flavoring Syrup And Concentrate Peaked At $12B In 2018 And Is Likely To See Steady Growth