The market is dominated by domestic suppliers, as imports account for 7.1% of total market size in 2023. B2B drives market demand, with B2B spending representing 72.0% of total demand in 2023. The US has the largest market size for agriculture across the top 20 developed countries, with demand reaching USD818 billion in 2023. CHS Inc is the largest company in the US, generating 6.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 12.4% of total production value in 2023. The total number of companies decreases in 2023, to 796,269 units. The costs of the industry decrease by 1.2% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 37.5% of production value in 2023, the 11th highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 10.6% of total production output. With production value of USD607 billion, the US accounts for 88.5% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Agriculture in the US: ISIC 1. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agriculture in the US: ISIC 1 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Agriculture is an aggregation of farming of cattle, swine and pigs, sheep and other quadrupeds, poultry and other animals; growing of cereals and crops, fruits and vegetables; providing agricultural services and hunting.
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