Northern America: Canned Food Market 2024

Canned Food Market Size in Northern America

For the seventh consecutive year, the North American canned food market recorded growth in sales value, which increased by 2.5% to $X in 2021. The market value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Canned Food Production in Northern America

In value terms, canned food production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 16%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Canned Food Exports

Exports in Northern America

In 2021, shipments abroad of canned food was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 12% against the previous year. The volume of export peaked at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, canned food exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when exports increased by 14% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

The United States was the key exporting country with an export of about X tons, which accounted for 77% of total exports. It was distantly followed by Canada (X tons), mixing up a 23% share of total exports.

Exports from the United States increased at an average annual rate of +1.4% from 2012 to 2021. At the same time, Canada (+3.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +3.8% from 2012-2021. From 2012 to 2021, the share of Canada increased by +3.6 percentage points.

In value terms, the United States ($X) remains the largest canned food supplier in Northern America, comprising 76% of total exports. The second position in the ranking was held by Canada ($X), with a 24% share of total exports.

In the United States, canned food exports expanded at an average annual rate of +2.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, growing by 7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.1%).

Canned Food Imports

Imports in Northern America

In 2021, supplies from abroad of canned food increased by 7.3% to X tons, rising for the sixth consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 14%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, canned food imports surged to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) represented the major importer of canned food, achieving 76% of total imports. It was distantly followed by Canada (X tons), achieving a 24% share of total imports.

The United States was also the fastest-growing in terms of the canned food imports, with a CAGR of +3.8% from 2012 to 2021. At the same time, Canada (+2.5%) displayed positive paces of growth. While the share of the United States (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-2.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported canned food in Northern America, comprising 71% of total imports. The second position in the ranking was taken by Canada ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +5.0%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, surging by 7.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :