Canada - Glucose And Glucose Syrup - Market Analysis, Forecast, Size, Trends And Insights
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View PricingImport of Glucose in Canada Drops Significantly to $129M by 2023
Canada Glucose Imports
In 2023, the amount of glucose and glucose syrup imported into Canada reduced rapidly to 131K tons, waning by -20.6% on the previous year. In general, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 449%. Over the period under review, imports attained the maximum at 169K tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.
In value terms, glucose imports dropped to $129M (IndexBox estimates) in 2023. Over the period under review, total imports indicated measured growth from 2013 to 2023: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +42.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 26%. Imports peaked at $136M in 2022, and then dropped in the following year.
| COUNTRY | Import Value of Glucose in Canada (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 94.6 | 85.0 | 81.2 | 88.4 | 81.6 | 78.6 | 78.3 | 80.4 | 101 | 112 | 104 |
| China | 0.7 | 0.6 | 1.2 | 0.6 | 1.2 | 1.9 | 2.9 | 4.2 | 4.8 | 5.9 | 8.1 |
| Pakistan | 2.4 | 2.8 | 3.4 | 4.0 | 5.0 | 5.0 | 4.0 | 2.9 | 3.8 | 5.5 | 4.5 |
| Vietnam | N/A | N/A | N/A | N/A | 0.2 | 0.2 | 0.3 | 0.2 | 0.5 | 1.8 | 2.6 |
| Belgium | N/A | 0.1 | 0.2 | 0.1 | 0.1 | N/A | 0.1 | N/A | 0.1 | 1.5 | 2.4 |
| Others | 3.8 | 4.1 | 4.2 | 5.9 | 4.5 | 5.4 | 4.8 | 4.7 | 6.4 | 9.4 | 7.8 |
| Total | 102 | 92.7 | 90.1 | 99.0 | 92.6 | 91.1 | 90.5 | 92.4 | 117 | 136 | 129 |
Imports by Country
In 2023, the United States (112K tons) constituted the largest glucose supplier to Canada, accounting for a 85% share of total imports. Moreover, glucose imports from the United States exceeded the figures recorded by the second-largest supplier, China (8.4K tons), more than tenfold. The third position in this ranking was held by Pakistan (3.4K tons), with a 2.6% share.
From 2013 to 2023, the average annual growth rate of volume from the United States totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.1% per year) and Pakistan (+5.0% per year).
In value terms, the United States ($104M) constituted the largest supplier of glucose and glucose syrup to Canada, comprising 80% of total imports. The second position in the ranking was held by China ($8.1M), with a 6.2% share of total imports. It was followed by Pakistan, with a 3.5% share.
From 2013 to 2023, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.7% per year) and Pakistan (+6.4% per year).
Import Prices by Country
In 2023, the glucose price amounted to $986 per ton (CIF, Canada), surging by 20% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 526%. As a result, import price reached the peak level of $3,669 per ton. From 2017 to 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Pakistan ($1,353 per ton), while the price for the United States ($930 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the glucose market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10621310 - Glucose and glucose syrup (excluding with added flavouring or colouring matter)
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
