Canada: Green Coffee Market 2024

Green Coffee Market Size in Canada

In 2022, the Canadian green coffee market increased by 29% to $X, rising for the second year in a row after three years of decline. Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +55.0% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Green Coffee Exports

Exports from Canada

In 2022, shipments abroad of coffee (green) decreased by -1.9% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.9% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 32%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, green coffee exports soared to $X in 2022. Overall, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 40%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for green coffee exports from Canada, with a 97% share of total exports. It was followed by the Netherlands (X tons), with a 2.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +7.8%.

In value terms, the United States ($X) remains the key foreign market for coffee (green) exports from Canada, comprising 97% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +7.4%.

Export Prices by Country

The average green coffee export price stood at $X per ton in 2022, increasing by 30% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.0%).

Green Coffee Imports

Imports into Canada

Green coffee imports into Canada was estimated at X tons in 2022, growing by 2.3% on the previous year's figure. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 18%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, green coffee imports surged to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Colombia (X tons), Brazil (X tons) and Guatemala (X tons) were the main suppliers of green coffee imports to Canada, together accounting for 66% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +6.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Brazil ($X) and Guatemala ($X) constituted the largest green coffee suppliers to Canada, with a combined 64% share of total imports.

Among the main suppliers, Colombia, with a CAGR of +8.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average green coffee import price stood at $X per ton in 2022, picking up by 36% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green coffee import price increased by +77.7% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Colombia ($X per ton) and Honduras ($X per ton), while the price for Brazil ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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