Canada: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Canada

After three years of growth, the Canadian prepared dish and meal market decreased by -10.4% to $X in 2021. The market value increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then declined in the following year.

Production of Prepared Dishes And Meals in Canada

In value terms, prepared dish and meal production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +23.0% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 38%. Prepared dish and meal production peaked at $X in 2020, and then dropped slightly in the following year.

Exports of Prepared Dishes And Meals

Exports from Canada

Prepared dish and meal exports from Canada skyrocketed to X tons in 2021, picking up by 29% on the previous year. The total export volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal exports expanded notably to $X in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.6% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for prepared dish and meal exports from Canada, with a 90% share of total exports. It was followed by South Korea (X tons), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +5.0%.

In value terms, the United States ($X) remains the key foreign market for prepared dishes and meals exports from Canada, comprising 72% of total exports. The second position in the ranking was taken by South Korea ($X), with a 7.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +4.7%.

Export Prices by Country

The average prepared dish and meal export price stood at $X per ton in 2021, shrinking by -11% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 11% against the previous year. The export price peaked at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+12.1%).

Imports of Prepared Dishes And Meals

Imports into Canada

In 2021, supplies from abroad of prepared dishes and meals increased by 14% to X tons, rising for the sixth year in a row after three years of decline. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest prepared dish and meal supplier to Canada, with a 81% share of total imports. It was followed by Mexico (X tons), with a 2.6% share of total imports. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+18.0% per year) and Taiwan (Chinese) (+16.2% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared dishes and meals to Canada, comprising 79% of total imports. The second position in the ranking was taken by China ($X), with a 2.8% share of total imports. It was followed by Taiwan (Chinese), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.4% per year) and Taiwan (Chinese) (+23.1% per year).

Import Prices by Country

The average prepared dish and meal import price stood at $X per ton in 2021, which is down by -3.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2018 when the average import price increased by 6% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then fell modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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