Canada: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Canada

In 2021, the Canadian market for protein concentrates and flavoured or coloured sugar syrups decreased by -26.8% to $X, falling for the third consecutive year after two years of growth. Overall, consumption saw a deep slump. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Canada

In value terms, production of protein concentrates and flavoured or coloured sugar syrups reduced modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Canada

In 2021, overseas shipments of protein concentrates and flavoured or coloured sugar syrups increased by 84% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 220%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 211%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Canada, with a 94% share of total exports. It was followed by the Netherlands (X tons), with a 0.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +58.4%.

In value terms, the United States ($X) remains the key foreign market for protein concentrates and flavoured or coloured sugar syrups exports from Canada, comprising 86% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +41.3%.

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, with a decrease of -15.1% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 43%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.6%).

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Canada

In 2021, approx. X tons of protein concentrates and flavoured or coloured sugar syrups were imported into Canada; growing by 16% against the previous year. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 28%. Over the period under review, imports of reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. Over the period under review, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 25% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of protein concentrate and flavoured or coloured sugar syrup to Canada, with a 90% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.8% per year) and France (+58.3% per year).

In value terms, the United States ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to Canada, comprising 94% of total imports. The second position in the ranking was held by China ($X), with a 3.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.7% per year) and France (+47.0% per year).

Import Prices by Country

In 2021, the average import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, increasing by 3.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 21%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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