Canada: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Canada

The Canadian orange juice (single strength) market reduced slightly to $X in 2022, falling by -2.2% 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 showed a mild slump. Orange juice (single strength) consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Orange Juice (Single Strength)

Exports from Canada

In 2022, shipments abroad of orange juice (single strength) was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 251%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, orange juice (single strength) exports skyrocketed to $X in 2022. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 168% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for orange juice (single strength) exports from Canada, accounting for a 91% share of total exports. Moreover, orange juice (single strength) exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-22.6% per year) and Saint Pierre and Miquelon (-8.4% per year).

In value terms, the United States ($X) remains the key foreign market for orange juice (single strength) exports from Canada, comprising 91% of total exports. The second position in the ranking was held by Chile ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-22.0% per year) and Saint Pierre and Miquelon (-2.7% per year).

Export Prices by Country

In 2022, the average orange juice (single strength) export price amounted to $X per ton, stabilizing at the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orange juice (single strength) export price decreased by -1.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 47% against the previous year. The export price peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saint Pierre and Miquelon ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saint Pierre and Miquelon (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Canada

In 2022, approx. X tons of orange juice (single strength) were imported into Canada; which is down by -4.2% on the previous year's figure. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 9.2% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, orange juice (single strength) imports shrank modestly to $X in 2022. Over the period under review, imports showed a slight decrease. The most prominent rate of growth was recorded in 2013 with an increase of 8.1% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons) and the United States (X tons) were the main suppliers of orange juice (single strength) imports to Canada.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +11.4%).

In value terms, the United States ($X) and Brazil ($X) constituted the largest orange juice (single strength) suppliers to Canada.

Among the main suppliers, Brazil, with a CAGR of +5.1%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average orange juice (single strength) import price stood at $X per ton in 2022, increasing by 2.6% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The growth pace was the most rapid in 2018 when the average import price increased by 3.6% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%).

Source: IndexBox Platform

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