Canada: Cream Market 2021

Cream Market Size in Canada

For the fifth consecutive year, the Canadian cream market recorded growth in sales value, which increased by X% to $X in 2020. Overall, consumption recorded a prominent increase. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Cream consumption peaked in 2020 and is expected to retain growth in the near future.

Cream Production in Canada

In value terms, cream production rose sharply to $X in 2020 estimated in export prices. Over the period under review, production saw a resilient increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Cream production peaked in 2020 and is expected to retain growth in years to come.

Cream Exports

Exports from Canada

For the eleventh year in a row, Canada recorded decline in shipments abroad of cream, which decreased by -X% to X tons in 2020. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, cream exports reduced to $X in 2020. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2011 to 2020, the growth exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for cream exports from Canada, accounting for a X% share of total exports. Moreover, cream exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-X% per year) and Saint Kitts and Nevis (+X% per year).

In value terms, China ($X) remains the key foreign market for cream exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-X% per year) and Saint Kitts and Nevis (+X% per year).

Export Prices by Country

In 2020, the average cream export price amounted to $X per ton, picking up by X% against the previous year. Overall, export price indicated strong growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cream export price increased by +X% against 2008 indices. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2020, the country with the highest price was Saint Kitts and Nevis ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese), while the prices for the other major destinations experienced mixed trend patterns.

Cream Imports

Imports into Canada

For the fourteenth year in a row, Canada recorded growth in overseas purchases of cream, which increased by X% to X tons in 2020. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, cream imports amounted to $X in 2020. Over the period under review, imports saw a prominent increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, the U.S. (X tons) was the main cream supplier to Canada, accounting for a X% share of total imports. Moreover, cream imports from the U.S. exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Denmark (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of cream to Canada, comprising X% of total imports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average cream import price stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the import price recorded a perceptible slump. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. From 2009 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Denmark ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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