Canada: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Canada

The Canadian sugary soft drink market rose significantly to $X in 2022, with an increase of 7.6% against the previous year. Over the period under review, consumption, however, recorded a slight downturn. Sugary soft drink consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Sugary Soft Drink Production in Canada

In value terms, sugary soft drink production rose sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a slight reduction. The pace of growth was the most pronounced in 2014 when the production volume increased by 34% against the previous year. Sugary soft drink production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sugary Soft Drink Exports

Exports from Canada

In 2022, the amount of sugary soft drinks exported from Canada contracted to X litres, waning by -14.2% compared with the previous year's figure. Overall, exports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 66%. Over the period under review, the exports reached the peak figure at X litres in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugary soft drink exports reduced to $X in 2022. In general, exports, however, posted a perceptible increase. The pace of growth was the most pronounced in 2018 with an increase of 80% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X litres) was the main destination for sugary soft drink exports from Canada, with a approx. 97% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -1.3%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +2.2%.

Export Prices by Country

The average sugary soft drink export price stood at $X per litre in 2022, picking up by 5% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2018 an increase of 8.4%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 +3.6% per year.

Sugary Soft Drink Imports

Imports into Canada

For the third consecutive year, Canada recorded growth in purchases abroad of sugary soft drinks, which increased by 11% to X litres in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 70% against the previous year. As a result, imports attained the peak of X litres. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, sugary soft drink imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X litres) constituted the largest sugary soft drink supplier to Canada, accounting for a 55% share of total imports. Moreover, sugary soft drink imports from the United States exceeded the figures recorded by the second-largest supplier, Switzerland (X litres), fourfold. France (X litres) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+4.7% per year) and France (+11.2% per year).

In value terms, the United States ($X) constituted the largest supplier of sugary soft drinks to Canada, comprising 54% of total imports. The second position in the ranking was held by Switzerland ($X), with a 20% share of total imports. It was followed by Italy, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+5.3% per year) and Italy (+7.0% per year).

Import Prices by Country

The average sugary soft drink import price stood at $X per litre in 2022, increasing by 10% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugary soft drink import price increased by +97.3% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 58%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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