Canada: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Canada

The Canadian market for processed cheese (excluding grated or powdered) fell to $X in 2020, reducing by -X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. Consumption peaked at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in Canada

In value terms, production of processed cheese (excluding grated or powdered) contracted to $X in 2020 estimated in export prices. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Exports of Processed cheese (excluding grated or powdered)

Exports from Canada

In 2020, shipments abroad of processed cheese (excluding grated or powdered) decreased by -X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. From 2019 to 2020, the growth of exports failed to regain the momentum.

In value terms, exports of processed cheese (excluding grated or powdered) dropped significantly to $X in 2020. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Saint Pierre and Miquelon (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Canada, accounting for a X% share of total exports. Moreover, exports of processed cheese (excluding grated or powdered) to Saint Pierre and Miquelon exceeded the volume sent to the second major destination, France (X tons), threefold. The U.S. (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Saint Pierre and Miquelon stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and the U.S. (-X% per year).

In value terms, Saint Pierre and Miquelon ($X) remains the key foreign market for processed cheese (excluding grated or powdered) exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual growth rate of value to Saint Pierre and Miquelon amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and the U.S. (-X% per year).

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago, while the prices for the other major destinations experienced a decline.

Imports of Processed cheese (excluding grated or powdered)

Imports into Canada

In 2020, imports of processed cheese (excluding grated or powdered) into Canada amounted to X tons, growing by X% against 2019. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% y-o-y. Imports peaked at X tons in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) soared to $X in 2020. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

The U.S. (X tons), Denmark (X tons) and France (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Canada, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest processed cheese (excluding grated or powdered) suppliers to Canada were the U.S. ($X), Denmark ($X) and France ($X), with a combined X% share of total imports.

Denmark saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Switzerland ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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