Northern America: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Northern America

The North American market for crispbread, rusks and toasted bread was estimated at $X in 2022, with an increase of 2.6% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Crispbread, Rusks and Toasted Bread in Northern America

In value terms, crispbread, rusk and toasted bread production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 22%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports in Northern America

In 2022, approx. X tons of crispbread, rusks and toasted bread were exported in Northern America; rising by 8.1% on 2021. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 27%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, crispbread, rusk and toasted bread exports surged to $X in 2022. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 22%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Canada (X tons) and the United States (X tons) represented roughly 99.9% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +24.9%).

In value terms, Canada ($X) remains the largest crispbread, rusk and toasted bread supplier in Northern America, comprising 72% of total exports. The second position in the ranking was held by the United States ($X), with a 28% share of total exports.

In Canada, crispbread, rusk and toasted bread exports increased at an average annual rate of +22.2% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, rising by 9.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.7%).

Imports of Crispbread, Rusks and Toasted Bread

Imports in Northern America

For the seventh consecutive year, Northern America recorded growth in purchases abroad of crispbread, rusks and toasted bread, which increased by 8.7% to X tons in 2022. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 48%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, crispbread, rusk and toasted bread imports soared to $X in 2022. Overall, imports enjoyed strong growth. The pace of growth was the most pronounced in 2018 with an increase of 21%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

The United States was the main importer of crispbread, rusks and toasted bread in Northern America, with the volume of imports amounting to X tons, which was approx. 75% of total imports in 2022. It was distantly followed by Canada (X tons), mixing up a 25% share of total imports.

The United States was also the fastest-growing in terms of the crispbread, rusks and toasted bread imports, with a CAGR of +12.4% from 2012 to 2022. At the same time, Canada (+3.8%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +18 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported crispbread, rusks and toasted bread in Northern America, comprising 80% of total imports. The second position in the ranking was taken by Canada ($X), with a 20% share of total imports.

In the United States, crispbread, rusk and toasted bread imports expanded at an average annual rate of +13.0% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, picking up by 7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by 31% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.6%).

Source: IndexBox Platform

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