Canada: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Canada

The Canadian market for candies, sweets, and nonchocolate confectionery contracted to $X in 2022, which is down by -5.8% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Canada

In value terms, candy, sweets, and nonchocolate confectionery production declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 26%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Canada

In 2022, shipments abroad of candies, sweets, and nonchocolate confectionery increased by 9.6% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a slight decline. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports soared to $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. 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 candy, sweets, and nonchocolate confectionery exports from Canada, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -1.1%.

In value terms, the United States ($X) also remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +2.0%.

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, picking up by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.2% per year.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Canada

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were imported into Canada; increasing by 2.9% against 2021 figures. The total import volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 16% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, candy, sweets, and nonchocolate confectionery imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of candy, sweets, and nonchocolate confectionery to Canada, accounting for a 54% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by Mexico (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.3% per year) and Mexico (+13.1% per year).

In value terms, the United States ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Canada, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 9.1% share of total imports. It was followed by Mexico, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.4% per year) and Mexico (+10.9% per year).

Import Prices by Country

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, picking up by 14% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Brazil ($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 (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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