Canada: Root And Tuber Market 2024

Root And Tuber Market Size in Canada

In 2022, after three years of growth, there was significant decline in the Canadian root and tuber market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Root and tuber consumption peaked at $X in 2021, and then dropped in the following year.

Root And Tuber Production in Canada

In value terms, root and tuber production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. Root and tuber production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average root and tuber yield in Canada fell to X tons per ha, which is down by X% compared with 2021. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the yield increased by X%. Over the period under review, the average root and tuber yield attained the peak level at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the root and tuber harvested area in Canada contracted modestly to X ha, which is down by X% compared with the previous year. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha, and then dropped in the following year.

Root And Tuber Exports

Exports from Canada

In 2022, approx. X tons of roots and tubers were exported from Canada; growing by X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber exports surged to $X in 2022. In general, exports saw a strong expansion. 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 root and tuber exports from Canada, with a X% share of total exports. Moreover, root and tuber exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Thailand (X% per year).

In value terms, the United States ($X) remains the key foreign market for roots and tubers exports from Canada, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Thailand (X% per year).

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, root and tuber export price increased by X% against 2014 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Root And Tuber Imports

Imports into Canada

Root and tuber imports into Canada fell notably to X tons in 2022, declining by X% on the previous year's figure. Over the period under review, imports showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, root and tuber imports contracted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, the United States (X tons) was the main root and tuber supplier to Canada, accounting for a X% share of total imports. It was followed by Costa Rica (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and China (X% per year).

In value terms, the United States ($X) constituted the largest supplier of roots and tubers to Canada, comprising X% of total imports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and China (X% per year).

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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