Canada: Canned Food Market 2024

Canned Food Market Size in Canada

The Canadian canned food market reached $X in 2021, remaining relatively unchanged against the previous year. In general, consumption recorded a buoyant increase. Canned food consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Canned Food Production in Canada

In value terms, canned food production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 246% against the previous year. Canned food production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Canned Food Exports

Exports from Canada

After two years of decline, shipments abroad of canned food increased by 7.3% to X tons in 2021. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 13% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, canned food exports soared to $X in 2021. In general, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.2% against 2012 indices. As a result, the exports attained 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 canned food exports from Canada, accounting for a 95% share of total exports. It was followed by Japan (X tons), with a 2.5% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to the United States stood at +4.2%.

In value terms, the United States ($X) remains the key foreign market for canned food exports from Canada, comprising 95% of total exports. The second position in the ranking was taken by Japan ($X), with a 3.1% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to the United States stood at +5.9%.

Export Prices by Country

In 2020, the average canned food export price amounted to $X per ton, increasing by 6.3% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 7.7% against the previous year. Over the period under review, the average export prices reached the peak figure in 2020 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2020, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.6%).

Canned Food Imports

Imports into Canada

In 2021, overseas purchases of canned food decreased by -8.3% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, saw a measured expansion. The pace of growth appeared the most rapid in 2018 with an increase of 61% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then contracted in the following year.

In value terms, canned food imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 12% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2020, the United States (X tons) constituted the largest supplier of canned food to Canada, accounting for a 50% share of total imports. Moreover, canned food imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by Spain (X tons), with a 2.8% share.

From 2012 to 2020, the average annual growth rate of volume from the United States stood at -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.9% per year) and Spain (+2.6% per year).

In value terms, the United States ($X) constituted the largest supplier of canned food to Canada, comprising 75% of total imports. The second position in the ranking was taken by Thailand ($X), with a 3.1% share of total imports. It was followed by Italy, with a 2.8% share.

From 2012 to 2020, the average annual growth rate of value from the United States totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+3.0% per year) and Italy (+7.7% per year).

Import Prices by Country

In 2020, the average canned food import price amounted to $X per ton, dropping by -9.8% against the previous year. Overall, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 92% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2020, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Thailand (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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