Report Update: May 1, 2024

Canada - Cereal Grain Products (Including Corn Flakes) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Corn Flakes and Cereal Products in Canada - 2023

Price for Corn Flakes and Cereal Products in Canada (FOB) - 2023

In September 2023, the average export price for cereal grain products (including corn flakes) amounted to $1,356 per ton, which is down by -5% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average export price increased by 12% against the previous month. The export price peaked at $1,451 per ton in June 2023; however, from July 2023 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was the United States ($1,378 per ton), while the average price for exports to Japan totaled $416 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.4%).

Price for Corn Flakes and Cereal Products in Canada (CIF) - 2023

The average import price for cereal grain products (including corn flakes) stood at $2,901 per ton in September 2023, falling by -10.2% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 107% m-o-m. The import price peaked at $3,294 per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Mexico ($4,546 per ton), while the price for Poland ($698 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Mexico (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Corn Flakes and Cereal Products in Canada

In 2022, corn flakes and cereal products exports from Canada rose to 669K tons, surging by 3% compared with 2021 figures. The total export volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, corn flakes and cereal products exports surged to $906M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Corn Flakes and Cereal Products in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	522	594	656	888	19.4%
Japan	9.4	5.8	6.2	6.7	-10.7%
Others	15.8	19.0	20.8	10.9	-11.6%
Total	547	619	683	906	18.3%

Top Export Markets for Corn Flakes and Cereal Products from Canada in 2022:

United States (637.5K tons)
Japan (15.9K tons)

Imports of Corn Flakes and Cereal Products in Canada

In 2022, supplies from abroad of cereal grain products (including corn flakes) decreased by -8.8% to 254K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 15%. As a result, imports attained the peak of 322K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, corn flakes and cereal products imports skyrocketed to $662M in 2022. The total import value increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Corn Flakes and Cereal Products in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	475	509	477	589	7.4%
Mexico	13.9	11.4	13.5	20.1	13.1%
Others	37.7	45.8	46.0	53.3	12.2%
Total	526	566	537	662	8.0%

Top Suppliers of Corn Flakes and Cereal Products to Canada in 2022:

United States (228.7K tons)
Mexico (5.9K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for corn flakes and cereal products in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10613333 - Rolled, flaked, hulled, pearled, sliced or kibbled cereal grains (excluding rice)
Prodcom 10613335 - Germ of cereals, whole, rolled, flaked or ground (excluding rice)
Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023