Canada: Groundnuts Market 2025

Groundnuts Market Size in Canada

The Canadian groundnuts market expanded remarkably to $X in 2022, picking up by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a remarkable increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Groundnuts Exports

Exports from Canada

Groundnuts exports from Canada amounted to X tons in 2022, flattening at the year before. Over the period under review, exports recorded notable growth. The smallest decline of -53.1% was in 2016. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, groundnuts exports amounted to $X in 2022. In general, exports posted buoyant growth. The smallest decline of -54.8% was in 2016. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for groundnuts exports from Canada, accounting for a 83% share of total exports. Moreover, groundnuts exports to the United States exceeded the volume sent to the second major destination, Grenada (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Grenada (0.0% per year) and France (+208.7% per year).

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Grenada (0.0% per year) and France (+55.6% per year).

Export Prices by Country

The average groundnuts export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price showed prominent growth. The pace of growth was the most pronounced in 2016 when the average export price decreased by -3.7%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Grenada ($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 Saint Vincent and the Grenadines (-9.8%).

Groundnuts Imports

Imports into Canada

In 2022, after two years of decline, there was significant growth in purchases abroad of ground-nut (in-shell), when their volume increased by 11% to X tons. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 51%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, groundnuts imports amounted to $X in 2022. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 49%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest groundnuts supplier to Canada, accounting for a 86% share of total imports. Moreover, groundnuts imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +11.2%.

In value terms, the United States ($X) constituted the largest supplier of ground-nut (in-shell) to Canada, comprising 81% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +9.5%.

Import Prices by Country

In 2022, the average groundnuts import price amounted to $X per ton, picking up by 2.8% against the previous year. Over the period under review, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of 15%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.5%).

Source: IndexBox Platform

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