Canada: Crispbread Market 2024

Crispbread Market Size in Canada

The Canadian crispbread market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, posted mild growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Crispbread Production in Canada

In value terms, crispbread production expanded markedly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 43% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Crispbread Exports

Exports from Canada

In 2021, shipments abroad of crispbread increased by 5.2% to X tons, rising for the fourth consecutive year after three years of decline. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 81%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, crispbread exports surged to $X in 2021. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), Australia (X tons) and Japan (X tons) were the main destinations of crispbread exports from Canada, with a combined 83% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +152.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for crispbread exports from Canada, comprising 82% of total exports. The second position in the ranking was taken by Australia ($X), with an 8.4% share of total exports. It was followed by Japan, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+146.1% per year) and Japan (+9.0% per year).

Export Prices by Country

The average crispbread export price stood at $X per ton in 2021, rising by 11% against the previous year. Overall, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crispbread export price decreased by -34.9% against 2016 indices. The most prominent rate of growth was recorded in 2015 an increase of 36%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Crispbread Imports

Imports into Canada

In 2021, approx. X tons of crispbread were imported into Canada; surging by 11% against 2020. Over the period under review, imports, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 65%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, crispbread imports skyrocketed to $X in 2021. In general, imports, however, recorded a noticeable decline. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of crispbread imports to Canada, with a combined 64% share of total imports. These countries were followed by Sweden, China, Norway, Pakistan, India, Italy, France and Finland, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +49.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Germany ($X) were the largest crispbread suppliers to Canada, with a combined 71% share of total imports. These countries were followed by Sweden, Norway, Italy, China, Finland, France, Pakistan and India, which together accounted for a further 21%.

Among the main suppliers, China, with a CAGR of +32.3%, saw the highest growth rate of 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 crispbread import price stood at $X per ton in 2021, rising by 11% against the previous year. In general, the import price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2016 an increase of 50%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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