Thursday, August 11, 2016
Pecan market Information by AG
Exports/Imports/United States Consumption U.S. pecan exports were valued at $446.3 million in 2014, up 28 percent from 2013. Hong Kong remained the primary destination for U.S. in-shell pecan exports, with sales reaching $118 million, a 5 percent increase from 2013. Vietnam was the second largest in-shell pecan market, purchasing pecans valued at nearly $87.6 million, a whopping 170 percent increase. Mexican purchases increased 42 percent, reaching $43.8 million (FAS, 2015). From 2013 to 2014, Canada remained the largest market for shelled pecans, buying pecans valued at $45.9 million, an increase of 2 percent. The Netherlands was the second largest market for shelled pecans, buying pecans valued at $30.7 million, a 19 percent increase. The United Kingdom was also a significant buyer of shelled pecans; it bought pecans valued at $24.9 million, a 13 percent increase (FAS, 2015). In 2014, the United States imported pecans valued at $370.6 million, up 52 percent from 2013. Mexico remained the dominant supplier, providing shelled pecans, in-shell pecans and prepared or preserved pecans valued at $366.3 million (FAS, 2015). Of tree nut consumption in the United States, pecans rank third behind almonds and English walnuts. Interestingly, pecan per capita consumption has held nearly constant over the past several decades, ranging from 0.3 pounds to 0.6 pounds. In 2013 per capita consumption of pecans was 0.3 pounds (ERS, 2014).