The United States herbal distillate market, a niche segment within the broader food industry, is experiencing notable shifts in trade volume and pricing. Between Q1 and Q3 of 2023, the import volume of herbal distillates showed a consistent upward trend, increasing by 15% compared to the same period in 2022. This surge is primarily driven by rising consumer interest in natural and organic products, reflecting broader trends across the food sector. On the pricing front, the average price per liter of imported herbal distillates in the U. S. has seen a moderate increase of 5% year-over-year, as reported in the latest trade data. This is attributed to heightened demand coupled with supply chain constraints affecting global markets. The price inflation is noteworthy, especially considering the relatively stable prices witnessed in preceding years, indicating a potential shift towards premiumization within the market.
Export activities from the U. S. have also been robust, with a 10% rise in the volume of herbal distillates shipped to international markets, underscoring the competitive edge U. S. suppliers hold due to quality and innovation. For businesses aiming to engage with U. S. food suppliers specializing in herbal distillates, understanding these price dynamics and trade patterns is crucial.
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