Canada: Market for Roots and Tubers, nes 2022

Market Size for Roots and Tubers, nes in Canada

The Canadian roots and tubers, nes market skyrocketed to $X in 2020, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a resilient expansion. The growth pace was the most rapid in 2012 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level in 2020 and is expected to retain growth in the immediate term.

Exports of Roots and Tubers, nes

Exports from Canada

In 2020, shipments abroad of roots and tubers, nes decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, recorded modest growth. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. from 2010 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, roots and tubers, nes exports declined to $X in 2020. In general, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2009 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X tons) was the main destination for roots and tubers, nes exports from Canada, with a X% share of total exports. Moreover, roots and tubers, nes exports to the U.S. exceeded the volume sent to the second major destination, Guyana (X tons), fourfold.

From 2007 to 2020, the average annual growth rate of volume to the U.S. was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (+X% per year) and Hong Kong SAR (-X% per year).

In value terms, the U.S. ($X) remains the key foreign market for roots and tubers, nes exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Guyana ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (+X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

In 2020, the average roots and tubers, nes export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($X per ton), while the average price for exports to Guyana ($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 the U.S., while the prices for the other major destinations experienced a decline.

Imports of Roots and Tubers, nes

Imports into Canada

In 2020, the amount of roots and tubers, nes imported into Canada fell modestly to X tons, remaining stable against the previous year's figure. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, roots and tubers, nes imports surged to $X in 2020. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest supplier of roots and tubers, nes to Canada, with a X% share of total imports. Moreover, roots and tubers, nes imports from the U.S. exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. Ghana (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Ghana (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of roots and tubers, nes to Canada, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Jamaica, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Jamaica (+X% per year).

Import Prices by Country

In 2020, the average roots and tubers, nes import price amounted to $X per ton, rising by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. As a result, import price reached 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 China ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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