Canada: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Canada

In 2022, the Canadian market for malt extract and food preparations of flour, meal, and starches increased by 8.5% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a mild reduction. 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.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Canada

In value terms, production of malt extract and food preparations of flour, meal, and starches amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.2% over the period 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 2013 when the production volume increased by 44% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Canada

In 2022, approx. X tons of malt extract and food preparations of flour, meal, and starches were exported from Canada; surging by 13% compared with 2021 figures. In general, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 63% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of malt extract and food preparations of flour, meal, and starches skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Canada, with a 81% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to the United States exceeded the volume sent to the second major destination, China (X tons), tenfold. The third position in this ranking was held by the Philippines (X tons), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+40.5% per year) and the Philippines (+46.2% per year).

In value terms, the United States ($X) remains the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Canada, comprising 78% of total exports. The second position in the ranking was held by China ($X), with a 10% share of total exports. It was followed by the Philippines, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+57.9% per year) and the Philippines (+44.4% per year).

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, growing by 5.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 13% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Mexico ($X per ton), while the average price for exports to the Philippines ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Canada

For the third consecutive year, Canada recorded growth in purchases abroad of malt extract and food preparations of flour, meal, and starches, which increased by 10% to X tons in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of malt extract and food preparations of flour, meal, and starches skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of malt extract and food preparations of flour, meal, and starch to Canada, accounting for a 88% share of total imports. It was followed by China (X tons), with a 2.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Canada, comprising 85% of total imports. The second position in the ranking was taken by China ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +1.4%.

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, surging by 6.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2020 an increase of 7%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :