Canada: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in Canada

The Canadian market for pasta stuffed with meat, fish and cheese shrank modestly to $X in 2022, waning by -4.8% against the previous year. Over the period under review, consumption, however, showed a moderate increase. Meat, fish or cheese pasta consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Pasta Stuffed With Meat, Fish and Cheese in Canada

In value terms, meat, fish or cheese pasta production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 38%. Meat, fish or cheese pasta production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports from Canada

Meat, fish or cheese pasta exports from Canada surged to X tons in 2022, growing by 21% against the previous year. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, meat, fish or cheese pasta exports rose notably to $X in 2022. In general, exports, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 42%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for meat, fish or cheese pasta exports from Canada, accounting for a approx. 99% share of total exports.

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

In value terms, the United States ($X) also remains the key foreign market for pasta stuffed with meat, fish and cheese exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -2.2%.

Export Prices by Country

In 2022, the average export price for pasta stuffed with meat, fish and cheese amounted to $X per ton, shrinking by -11.2% against the previous year. Over the period under review, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 9.3%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 -3.0% per year.

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports into Canada

In 2022, supplies from abroad of pasta stuffed with meat, fish and cheese increased by 16% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate measured growth. The growth pace was the most rapid in 2018 when imports increased by 85% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, meat, fish or cheese pasta imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 +49.1% against 2018 indices. 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 meat, fish or cheese pasta supplier to Canada, accounting for a 81% share of total imports. Moreover, meat, fish or cheese pasta imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), tenfold. The third position in this ranking was held by Vietnam (X tons), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.8% per year) and Vietnam (+125.5% per year).

In value terms, the United States ($X) constituted the largest supplier of pasta stuffed with meat, fish and cheese to Canada, comprising 77% of total imports. The second position in the ranking was taken by Italy ($X), with a 9% share of total imports. It was followed by Thailand, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.2% per year) and Thailand (+90.8% per year).

Import Prices by Country

In 2022, the average import price for pasta stuffed with meat, fish and cheese amounted to $X per ton, increasing by 5.1% against the previous year. Overall, the import price continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 81%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for South Korea ($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 (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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