Canada: Triticale Market 2024

Triticale Market Size in Canada

The Canadian triticale market shrank rapidly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, enjoyed a strong expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Triticale Production in Canada

In value terms, triticale production reduced to $X in 2022 estimated in export price. In general, production, however, saw a temperate expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of triticale in Canada dropped modestly to X tons per ha in 2022, waning by X% compared with the previous year. Over the period under review, the yield continues to indicate a mild descent. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average triticale yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of triticale in Canada declined to X ha, which is down by X% against 2021. Over the period under review, the harvested area, however, showed a tangible increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the harvested area dedicated to triticale production attained the maximum at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

Triticale Exports

Exports from Canada

In 2022, triticale exports from Canada soared to X tons, jumping by X% on the previous year. Over the period under review, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, triticale exports surged to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for triticale exports from Canada, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%.

In value terms, the United States ($X) also remains the key foreign market for triticale exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average triticale export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, triticale export price increased by X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Triticale Imports

Imports into Canada

In 2022, after two years of growth, there was significant decline in overseas purchases of triticale, when their volume decreased by X% to X tons. Over the period under review, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, triticale imports dropped sharply to $X in 2022. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, the United States (X tons) was the main supplier of triticale to Canada, with a X% share of total imports. It was followed by New Zealand (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%.

In value terms, the United States ($X) constituted the largest supplier of triticale to Canada, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%.

Import Prices by Country

In 2022, the average triticale import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for New Zealand totaled $X per ton.

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

Source: IndexBox Platform

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