U.S. frozen fruit imports grew to 523.4 million-lbs. in 2014, representing a 13% increase, according to the most recent U.S. Trade reports ending Dec. 31. Value also soared by 20% in a year-to-year comparsion, totaling $455.4 million. The growth was fueled by a burgeoning frozen strawberry market: imports of frozen strawberries, less than 1.2L, rose 26% to $16.7 million in value despite a 3% decrease in volume during the time frame. Imports of frozen strawberries, more than 1.2L, less than 25% sugar, rose 19% in value and 7% in volume. Imports of frozen strawberries, more than 1.2L, NESOI, increased 20% in volume and 23% in value during the time frame.
In addition, imports of frozen bananas and plantains saw significant growth during the Jan.1-Dec. 31 time frame, up 30% in volume to 41.4 million-lbs. and 33% in value to $19.9 million. Imports specifically from Costa Rica closely mirrored this trend, with a 30% increase in volume and a 34% increase in value during the time frame.
Other frozen berry imports did not fare as well as strawberries regarding value, as cranberries dropped 24% and cultivated blueberries dropped 7%.
Several food companies reported earnings over the last week. While manufacturing and retail are thriving with increased sales during the pandemic, portions of the foodservice segment continues to struggle.read more
Chris is a business writer and market analyst that focuses on the Markets, Legal and Washington sections of the Food Institute Report. In addition, he assists in compiling data for various Food Institute publications throughout the year. He invites you to contact him via email at email@example.com to talk about anything food-related.
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