Canada: Soft Drink Market 2024

Soft Drink Market Size in Canada

The Canadian soft drink market dropped to $X in 2021, which is down by -13.4% against the previous year. In general, consumption continues to indicate a noticeable slump. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Soft Drink Production in Canada

In value terms, soft drink production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Soft Drink Exports

Exports from Canada

Soft drink exports from Canada soared to X litres in 2021, growing by 23% on the year before. Overall, exports posted a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 71% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, soft drink exports rose sharply to $X in 2021. Over the period under review, exports showed a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 47%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X litres) was the main destination for soft drink exports from Canada, with a approx. 96% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +6.7%.

In value terms, the United States ($X) also remains the key foreign market for soft drink exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +9.6%.

Export Prices by Country

In 2021, the average soft drink export price amounted to $X per litre, dropping by -7.8% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soft drink export price decreased by -9.5% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 74%. The export price peaked at $X per litre in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +2.7% per year.

Soft Drink Imports

Imports into Canada

In 2021, approx. X litres of soft drinks were imported into Canada; leveling off at 2020. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 27% against the previous year. As a result, imports attained the peak of X litres. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, soft drink imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 8.5% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X litres) constituted the largest soft drink supplier to Canada, accounting for a 70% share of total imports. Moreover, soft drink imports from the United States exceeded the figures recorded by the second-largest supplier, Switzerland (X litres), more than tenfold. France (X litres) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+2.3% per year) and France (+10.0% per year).

In value terms, the United States ($X) constituted the largest supplier of soft drink to Canada, comprising 74% of total imports. The second position in the ranking was held by Switzerland ($X), with a 6.4% share of total imports. It was followed by Italy, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+0.8% per year) and Italy (+7.6% per year).

Import Prices by Country

The average soft drink import price stood at $X per litre in 2021, picking up by 4.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 33% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per litre), while the price for France ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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