Canada: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Canada

The Canadian sauce and seasoning market expanded significantly to $X in 2021, increasing by 5.3% against the previous year. In general, consumption, however, showed tangible growth. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Sauce And Seasoning Production in Canada

In value terms, sauce and seasoning production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production showed perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of 111%. Sauce and seasoning production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Sauce And Seasoning Exports

Exports from Canada

In 2021, the amount of sauces and seasonings exported from Canada was estimated at X tons, surging by 13% compared with the previous year's figure. Overall, total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.5% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 22%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, sauce and seasoning exports soared to $X in 2021. In general, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.3% against 2015 indices. As a result, the exports reached 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 sauce and seasoning exports from Canada, with a 91% share of total exports. It was followed by New Zealand (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +5.0%.

In value terms, the United States ($X) remains the key foreign market for sauces and seasonings exports from Canada, comprising 92% of total exports. The second position in the ranking was held by New Zealand ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +6.1%.

Export Prices by Country

In 2021, the average sauce and seasoning export price amounted to $X per ton, surging by 8.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 8.2% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.0%).

Sauce And Seasoning Imports

Imports into Canada

Sauce and seasoning imports into Canada dropped to X tons in 2021, shrinking by -3% on the previous year's figure. In general, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.1% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 73% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sauce and seasoning imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 14%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of sauce and seasoning to Canada, with a 81% share of total imports. Moreover, sauce and seasoning imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.8% per year) and Italy (+22.0% per year).

In value terms, the United States ($X) constituted the largest supplier of sauces and seasonings to Canada, comprising 77% of total imports. The second position in the ranking was taken by Italy ($X), with a 3.6% share of total imports. It was followed by China, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.4% per year) and China (+7.2% per year).

Import Prices by Country

In 2021, the average sauce and seasoning import price amounted to $X per ton, increasing by 12% against the previous year. Overall, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sauce and seasoning import price increased by +23.4% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 65%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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