Canada: Gingerbread Market 2024

Gingerbread Market Size in Canada

The Canadian gingerbread market reached $X in 2022, remaining constant against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.9% against 2020 indices. Gingerbread consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Gingerbread Production in Canada

In value terms, gingerbread production amounted to $X in 2022 estimated in export price. Overall, production saw a strong expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 27%. Gingerbread production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Gingerbread Exports

Exports from Canada

In 2022, approx. X tons of gingerbread were exported from Canada; increasing by 7.6% against 2021 figures. In general, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.1% 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 +118.5% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 22%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, gingerbread exports soared to $X in 2022. Over the period under review, exports saw a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 25% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for gingerbread exports from Canada, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +8.2%.

In value terms, the United States ($X) also remains the key foreign market for gingerbread exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +11.7%.

Export Prices by Country

The average gingerbread export price stood at $X per ton in 2022, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.2% per year.

Gingerbread Imports

Imports into Canada

In 2022, gingerbread imports into Canada reached X tons, approximately mirroring the previous year. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +7.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 24%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, gingerbread imports soared to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +58.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Italy (X tons) constituted the largest gingerbread supplier to Canada, with a 61% share of total imports. Moreover, gingerbread imports from Italy exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+38.4% per year) and Germany (+5.4% per year).

In value terms, Italy ($X) constituted the largest supplier of gingerbread to Canada, comprising 68% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by Brazil, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+30.2% per year) and Brazil (+42.1% per year).

Import Prices by Country

The average gingerbread import price stood at $X per ton in 2022, increasing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2021 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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