Canada: Dried Prune Market 2024

Dried Prune Market Size in Canada

In 2022, the Canadian dried prune market increased by 16% to $X, rising for the third year in a row after four years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Dried Prune Production in Canada

In value terms, dried prune production shrank to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by 2.4% against the previous year. Dried prune production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Dried Prune Exports

Exports from Canada

In 2022, shipments abroad of dried prunes increased by 31% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 207% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, dried prune exports rose sharply to $X in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 213%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons), China (X tons) and Colombia (X tons) were the main destinations of dried prune exports from Canada, together comprising 83% of total exports. El Salvador and Guatemala lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +310.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for dried prunes exports from Canada, comprising 63% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports. It was followed by Colombia, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +56.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+26.4% per year) and Colombia (+215.1% per year).

Export Prices by Country

The average dried prune export price stood at $X per ton in 2022, falling by -17.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 13%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-4.4%), while the prices for the other major destinations experienced a decline.

Dried Prune Imports

Imports into Canada

In 2022, overseas purchases of dried prunes decreased by -1.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a mild slump. The most prominent rate of growth was recorded in 2013 with an increase of 17%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, dried prune imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 22% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of dried prune to Canada, accounting for a 77% share of total imports. Moreover, dried prune imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+1.1% per year) and China (+3.6% per year).

In value terms, the United States ($X) constituted the largest supplier of dried prunes to Canada, comprising 79% of total imports. The second position in the ranking was held by Chile ($X), with a 13% share of total imports. It was followed by China, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+8.1% per year) and China (+5.6% per year).

Import Prices by Country

In 2022, the average dried prune import price amounted to $X per ton, growing by 22% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried prune import price increased by +35.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 47% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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