Kathryn A. Boys and Neal H. Hooker
The market for organic products is both large and expanding. In 2012 U.S. organic product sales exceeded $31.4 billion reflecting a 10.2% annual increase (OTA, 2013). In examining trends over the past five years, growth in organic food sales has significantly outpaced those of comparable conventional food products (OTA, 2013). As domestic organic policy and international trading relationships continue to evolve, markets are becoming more accessible to U.S. organic farmers and processors. At the same time, due to ongoing efforts to establish organic equivalency agreements with trading partners, foreign firms are increasingly able to access the U.S. market. As a result, both the variety and quantity of organic food and ingredients available to U.S. processors and consumers is expanding. The types and volumes of internationally traded organic products, therefore, have clear and important quantity, price and other market implications for U.S. organic farmers, ingredient manufacturers, and food processors.