Canada: Quinoa Market 2024

Quinoa Market Size in Canada

In 2021, the Canadian quinoa market decreased by -25.5% to $X, falling for the seventh year in a row after three years of growth. Overall, consumption saw a abrupt decline. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Quinoa Production in Canada

In value terms, quinoa production soared to $X in 2021 estimated in export price. Over the period under review, production saw a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 104%. Quinoa production peaked in 2021 and is likely to see gradual growth in the near future.

In 2021, the average yield of quinoa in Canada surged to X tons per ha, with an increase of 58% compared with 2020 figures. Over the period under review, the yield recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 64% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2021, the growth of the average quinoa yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of quinoa in Canada reduced markedly to X ha, falling by -28.3% against the year before. Over the period under review, the harvested area, however, saw a resilient expansion. The growth pace was the most rapid in 2018 when the harvested area increased by 87% against the previous year. Over the period under review, the harvested area dedicated to quinoa production reached the peak figure at X ha in 2020, and then reduced rapidly in the following year.

Quinoa Exports

Exports from Canada

In 2021, after two years of growth, there was significant decline in shipments abroad of quinoa, when their volume decreased by -17.6% to X tons. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 958% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then reduced notably in the following year.

In value terms, quinoa exports expanded modestly to $X in 2021. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 799%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for quinoa exports from Canada, accounting for a 61% share of total exports. Moreover, quinoa exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was taken by the Philippines (X tons), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +73.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+90.7% per year) and the Philippines (+106.2% per year).

In value terms, the United States ($X) remains the key foreign market for quinoa exports from Canada, comprising 92% of total exports. The second position in the ranking was taken by the UK ($X), with a 2.5% share of total exports. It was followed by the Philippines, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +59.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+85.5% per year) and the Philippines (+109.6% per year).

Export Prices by Country

The average quinoa export price stood at $X per ton in 2021, with an increase of 27% against the previous year. Over the period under review, the export price, however, continues to indicate a deep downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Quinoa Imports

Imports into Canada

Quinoa imports into Canada contracted markedly to X tons in 2021, with a decrease of -21.8% compared with the year before. Over the period under review, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 110% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, quinoa imports declined notably to $X in 2021. In general, imports, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2013 with an increase of 80% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Peru (X tons), Bolivia (X tons) and the United States (X tons) were the main suppliers of quinoa imports to Canada, together comprising 94% of total imports. Ecuador lagged somewhat behind, accounting for a further 4.9%.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +47.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest quinoa suppliers to Canada were Bolivia ($X), Peru ($X) and the United States ($X), together comprising 94% of total imports. These countries were followed by Ecuador, which accounted for a further 4.4%.

Among the main suppliers, Ecuador, with a CAGR of +44.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average quinoa import price amounted to $X per ton, with a decrease of -5.4% against the previous year. Overall, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average 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 ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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