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Canada - Potato - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Canada - Potato - Market Analysis, Forecast, Size, Trends and Insights

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Jan 16, 2023

Potato Price in Canada Peaks at $1,107 per Ton

Canada Potato Export Price in September 2022

In September 2022, the potato price stood at $1,107 per ton (FOB, Canada), growing by 31% against the previous month. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in July 2022 an increase of 38% m-o-m. Over the period under review, the average export prices attained the maximum in September 2022.

There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was the United States ($1,118 per ton), while the average price for exports to Trinidad and Tobago amounted to $531 per ton.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.0%).

Canada Potato Exports

In September 2022, overseas shipments of potatoes increased by 0.2% to 36K tons, rising for the second consecutive month after three months of decline. In general, exports, however, showed a perceptible contraction. The pace of growth was the most pronounced in March 2022 with an increase of 35% against the previous month. The exports peaked at 73K tons in April 2022; however, from May 2022 to September 2022, the exports failed to regain momentum.

In value terms, potato exports surged to $39M (IndexBox estimates) in September 2022. The total export value increased at an average monthly rate of +2.9% over the period from January 2022 to September 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at 40K tons in April 2022; however, from May 2022 to September 2022, the exports remained at a lower figure.

Canada Potato Exports by Country

the United States (35K tons) was the main destination for potato exports from Canada, accounting for a 98% share of total exports. It was followed by Trinidad and Tobago (701 tons), with a 2% share of total exports.

From January 2022 to September 2022, the average monthly rate of growth in terms of volume to the United States stood at -3.6%.

In value terms, the United States ($39M) remains the key foreign market for potato exports from Canada, comprising 99% of total exports. The second position in the ranking was held by Trinidad and Tobago ($372K), with a 0.9% share of total exports.

From January 2022 to September 2022, the average monthly rate of growth in terms of value to the United States totaled +3.2%.

Factors Affecting Potato Market

The potato is a tuberous crop that is grown in many parts of the world, including Canada. The potato price in Canada can be affected by various factors, such as weather conditions, production costs, and global demand.

Weather conditions can impact the potato crop in a number of ways. For example, if there is a drought, the yields will be lower and the prices will increase. Alternatively, if there is too much rain, the potatoes may rot and again, the prices will go up.

Production costs can also affect the price of potatoes in Canada. If farmers are facing higher costs for inputs such as seeds, water, and fertilizer, they will likely pass these costs on to consumers in the form of higher prices.

Finally, global demand for potatoes can also influence the price in Canada. If demand is high from other countries due to a good harvest or some other factor, this may lead to an increase in prices in Canada. On the other hand, if global supplies are tight due to bad weather elsewhere or some other issue, this could lead to higher prices for Canadian potatoes.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the potato 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:

  • FCL 116 - Potatoes

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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