Canada: Vinegar-Preserved Vegetable Market 2024

Vinegar-Preserved Vegetable Market Size in Canada

In 2022, the Canadian vinegar-preserved vegetable market increased by 2.3% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Vinegar-preserved vegetable consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Vinegar-Preserved Vegetable Exports

Exports from Canada

In 2022, approx. X tons of vegetables in vinegar other than potatoes were exported from Canada; rising by 36% against the previous year's figure. Overall, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by 37% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, vinegar-preserved vegetable exports totaled $X in 2022. In general, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 65%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for vinegar-preserved vegetable exports from Canada, with a 97% share of total exports. It was followed by the UK (X tons), with a 2.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +5.4%.

In value terms, the United States ($X) remains the key foreign market for vegetables in vinegar other than potatoes exports from Canada, comprising 99% of total exports. The second position in the ranking was held by the UK ($X), with a 1.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +8.1%.

Export Prices by Country

The average vinegar-preserved vegetable export price stood at $X per ton in 2022, with a decrease of -16.9% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the average export price increased by 20%. The export price peaked at $X per ton in 2021, and then plummeted in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK totaled $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 (+2.5%).

Vinegar-Preserved Vegetable Imports

Imports into Canada

In 2022, the amount of vegetables in vinegar other than potatoes imported into Canada fell slightly to X tons, with a decrease of -1.8% against the year before. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 53% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, vinegar-preserved vegetable imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of vinegar-preserved vegetable to Canada, with a 50% share of total imports. Moreover, vinegar-preserved vegetable imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+4.3% per year) and Mexico (+7.9% per year).

In value terms, the United States ($X) constituted the largest supplier of vegetables in vinegar other than potatoes to Canada, comprising 50% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by Greece, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.7% per year) and Greece (+0.9% per year).

Import Prices by Country

In 2022, the average vinegar-preserved vegetable import price amounted to $X per ton, rising by 10% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the average import price increased by 63%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for India ($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 (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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