Northern America: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Northern America

In 2021, after four years of growth, there was decline in the North American rusks and toasted bread market, when its value decreased by -2.7% to $X. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.6% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped slightly in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in Northern America

In value terms, rusks and toasted bread production declined slightly to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.5% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 40%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports in Northern America

In 2021, the amount of rusks, toasted bread and similar toasted products exported in Northern America expanded rapidly to X tons, picking up by 14% against the previous year. In general, exports recorded strong growth. The growth pace was the most rapid in 2017 when exports increased by 32% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, rusks and toasted bread exports surged to $X in 2021. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Canada (X tons) and the United States (X tons), together recording 99.9% of total export.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +32.0%).

In value terms, Canada ($X) remains the largest rusks and toasted bread supplier in Northern America, comprising 67% of total exports. The second position in the ranking was held by the United States ($X), with a 33% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Canada amounted to +24.3%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, with an increase of 5.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 6.8%. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 (-0.3%).

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports in Northern America

In 2021, approx. X tons of rusks, toasted bread and similar toasted products were imported in Northern America; surging by 14% on 2020. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 64% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, rusks and toasted bread imports soared to $X in 2021. Overall, imports recorded prominent growth. The growth pace was the most rapid in 2018 with an increase of 24%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

The United States represented the largest importer of rusks, toasted bread and similar toasted products in Northern America, with the volume of imports resulting at X tons, which was approx. 72% of total imports in 2021. It was distantly followed by Canada (X tons), generating a 27% share of total imports.

The United States was also the fastest-growing in terms of the rusks, toasted bread and similar toasted products imports, with a CAGR of +16.9% from 2012 to 2021. At the same time, Canada (+4.9%) displayed positive paces of growth. The United States (+23 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -22.5% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported rusks, toasted bread and similar toasted products in Northern America, comprising 76% of total imports. The second position in the ranking was taken by Canada ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +15.4%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by 3.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by 45% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.5%).

Source: IndexBox Platform

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