U.S. Frozen Cake & Pastry Industry Sees Shifts: Exports Fall, Imports Surge
The U.S. frozen cake and pastry industry has witnessed significant shifts in recent years. In 2023, exports of these treats declined by X% to X tons, while imports soared to X tons, a X% increase from the previous year.
Looking at production, in 2024, the output stood at $X. Over the decade from 2013 to 2024, the total output value grew at an average annual rate of X%. However, the market decreased by X% to $X in 2024.
Imports, in value terms, skyrocketed to $X in 2023. The top suppliers were China, Canada, and Australia. Meanwhile, exports in value terms contracted sharply to $X in 2023.
Despite the decline in U.S. exports and the decrease in the domestic market, the industry's output value has shown steady growth over the past decade. Frozen cake and pastry consumption peaked at $X in 2023, indicating a strong demand for these products.
