Canada: Meat Dishes Market 2024

Meat Dishes Market Size in Canada

The Canadian meat dishes market expanded to $X in 2022, surging by 3.1% against the previous year. Overall, consumption, however, saw a noticeable curtailment. Meat dishes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Meat Dishes Production in Canada

In value terms, meat dishes production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 53%. Meat dishes production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Meat Dishes Exports

Exports from Canada

In 2022, overseas shipments of meat dishes increased by 12% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +5.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, meat dishes exports skyrocketed to $X in 2022. Overall, exports recorded a strong expansion. As a result, the exports attained 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 meat dishes exports from Canada, accounting for a 84% share of total exports. Moreover, meat dishes exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.4% per year) and Armenia (-4.2% per year).

In value terms, the United States ($X) remains the key foreign market for meat dishes exports from Canada, comprising 93% of total exports. The second position in the ranking was taken by Japan ($X), with a 4.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.8% per year) and Armenia (-2.0% per year).

Export Prices by Country

In 2022, the average meat dishes export price amounted to $X per ton, rising by 12% against the previous year. Over the last decade, it increased at an average annual rate of +4.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the average price for exports to Armenia ($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 the United States (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Meat Dishes Imports

Imports into Canada

In 2022, approx. X tons of meat dishes were imported into Canada; with an increase of 1.6% against the previous year's figure. Overall, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.0% 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 +8.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 45%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, meat dishes imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest meat dishes supplier to Canada, accounting for a 82% share of total imports. Moreover, meat dishes imports from the United States exceeded the figures recorded by the second-largest supplier, Thailand (X tons), tenfold. Brazil (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, 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: Thailand (+12.0% per year) and Brazil (-3.2% per year).

In value terms, the United States ($X) constituted the largest supplier of meat dishes to Canada, comprising 86% of total imports. The second position in the ranking was held by Thailand ($X), with a 5.4% share of total imports. It was followed by Italy, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+12.7% per year) and Italy (+28.0% per year).

Import Prices by Country

In 2022, the average meat dishes import price amounted to $X per ton, surging by 9% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat dishes import price increased by +23.5% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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