Non-Liquid Margarine Price in Canada - 2023

Contents:

1. Non-Liquid Margarine Price in Canada (FOB) - 2023
2. Non-Liquid Margarine Price in Canada (CIF) - 2023
3. Non-Liquid Margarine Exports in Canada
4. Non-Liquid Margarine Imports in Canada

Non-Liquid Margarine Price in Canada (FOB) - 2023

In June 2023, the average non-liquid margarine export price amounted to $2,480 per ton, shrinking by -17.2% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 27% against the previous month. Over the period under review, the average export prices hit record highs at $2,996 per ton in May 2023, and then shrank remarkably in the following month.

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

From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to 0.0% per month.

Non-Liquid Margarine Price in Canada (CIF) - 2023

The average non-liquid margarine import price stood at $2,229 per ton in June 2023, reducing by -4.9% against the previous month. Over the period under review, the import price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 37% against the previous month. As a result, import price attained the peak level of $3,906 per ton. From October 2022 to June 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Philippines ($5,500 per ton), while the price for the United States ($1,885 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ecuador (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Non-Liquid Margarine Exports in Canada

After two years of decline, overseas shipments of non-liquid margarine increased by 47% to 6.2K tons in 2022. Over the period under review, exports, however, recorded a abrupt decline.

In value terms, non-liquid margarine exports soared to $15M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Non-Liquid Margarine from Canada in 2022:

1. United States (5.7K tons)
2. China (0.2K tons)

Non-Liquid Margarine Imports in Canada

After three years of growth, purchases abroad of non-liquid margarine decreased by -6.4% to 1.7K tons in 2022. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of 1.9K tons, and then contracted in the following year.

In value terms, non-liquid margarine imports skyrocketed to $4.6M in 2022. In general, imports, however, continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Non-Liquid Margarine to Canada in 2022:

1. United States (1153.5 tons)
2. Germany (172.8 tons)
3. Philippines (123.7 tons)
4. Ecuador (123.7 tons)
5. Haiti (43.5 tons)
6. Denmark (35.9 tons)

Source: IndexBox Market Intelligence Platform