Canada: Preserved Tomato Market 2024

Preserved Tomato Market Size in Canada

The Canadian preserved tomato market reduced to $X in 2021, which is down by -6.6% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.6% against 2019 indices. 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.

Preserved Tomato Production in Canada

In value terms, preserved tomato production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 68%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Preserved Tomato Exports

Exports from Canada

In 2021, shipments abroad of preserved tomatoes increased by 355% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, preserved tomato exports surged to $X in 2021. In general, exports showed a moderate increase. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for preserved tomato exports from Canada, accounting for a approx. 99% share of total exports.

From 2012 to 2021, 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 preserved tomatoes exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +4.4%.

Export Prices by Country

The average preserved tomato export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the export price enjoyed tangible growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 95%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat 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 2021, the rate of growth in terms of prices for the United States amounted to +3.4% per year.

Preserved Tomato Imports

Imports into Canada

In 2021, overseas purchases of preserved tomatoes increased by 3.3% to X tons, rising for the fifth consecutive year after three years of decline. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +123.5% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 79% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, preserved tomato imports amounted to $X in 2021. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 17%. Over the period under review, imports attained the maximum 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 preserved tomato to Canada, accounting for a 71% share of total imports. Moreover, preserved tomato imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +5.1%.

In value terms, the United States ($X) constituted the largest supplier of preserved tomatoes to Canada, comprising 66% of total imports. The second position in the ranking was taken by Italy ($X), with a 32% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +5.7%.

Import Prices by Country

The average preserved tomato import price stood at $X per ton in 2021, surging by 9.1% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved tomato import price increased by +19.6% against 2017 indices. The growth pace was the most rapid in 2015 an increase of 30%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.3%).

Source: IndexBox Platform

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