Canada: Sugar Crop Market 2024

Sugar Crop Market Size in Canada

After two years of growth, the Canadian sugar crop market decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded a resilient expansion. Sugar crop consumption peaked at $X in 2021, and then reduced in the following year.

Sugar Crop Production in Canada

In value terms, sugar crop production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw a significant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average sugar crop yield in Canada fell slightly to X tons per ha, waning by X% against the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the average sugar crop yield attained the maximum level at X tons per ha in 2021, and then shrank modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of sugar crops were harvested in Canada; which is down by X% on the year before. In general, the harvested area, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2019 to 2022, the growth of the sugar crop harvested area remained at a lower figure.

Sugar Crop Exports

Exports from Canada

In 2022, shipments abroad of sugar crops increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports, however, faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X,122%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sugar crop exports skyrocketed to $X in 2022. In general, exports, however, showed a sharp decrease. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Trinidad and Tobago (X tons) was the main destination for sugar crop exports from Canada, with a X% share of total exports. It was followed by the United States (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Trinidad and Tobago totaled X%.

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

From 2012 to 2022, the average annual growth rate of value to Trinidad and Tobago stood at X%.

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Trinidad and Tobago stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Sugar Crop Imports

Imports into Canada

In 2022, the amount of sugar crops imported into Canada skyrocketed to X tons, rising by X% on the year before. Over the period under review, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugar crop imports soared to $X in 2022. Overall, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Costa Rica (X tons) constituted the largest sugar crop supplier to Canada, accounting for a X% share of total imports. Moreover, sugar crop imports from Costa Rica exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest sugar crop suppliers to Canada were Costa Rica ($X), the United States ($X) and Belgium ($X), together accounting for X% of total imports.

Among the main suppliers, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average sugar crop import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Costa Rica ($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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