Price for Homogenised Composite Food Preparations in Canada - 2023

Contents:

1. Price for Homogenised Composite Food Preparations in Canada (FOB) - 2023
2. Price for Homogenised Composite Food Preparations in Canada (CIF) - 2023
3. Exports of Homogenised Composite Food Preparations in Canada
4. Imports of Homogenised Composite Food Preparations in Canada

Price for Homogenised Composite Food Preparations in Canada (FOB) - 2023

The average homogenised composite food preparations export price stood at $5,724 per ton in February 2023, surging by 2.3% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 16% m-o-m. The export price peaked at $6,048 per ton in October 2022; however, from November 2022 to February 2023, the export prices failed to regain momentum.

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

From February 2022 to February 2023, the rate of growth in terms of prices for the United States amounted to +0.7% per month.

Price for Homogenised Composite Food Preparations in Canada (CIF) - 2023

The average homogenised composite food preparations import price stood at $4,071 per ton in February 2023, growing by 3.8% against the previous month. Overall, import price indicated measured growth from February 2022 to February 2023: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, homogenised composite food preparations import price decreased by -17.4% against November 2022 indices. The pace of growth was the most pronounced in April 2022 an increase of 62% month-to-month. Over the period under review, average import prices attained the peak figure at $4,928 per ton in November 2022; however, from December 2022 to February 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In February 2023, the highest price was recorded for prices from France ($5,820 per ton) and Mexico ($4,311 per ton), while the price for Chile ($3,987 per ton) and the United States ($4,168 per ton) were amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Chile (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Homogenised Composite Food Preparations in Canada

For the third year in a row, Canada recorded decline in shipments abroad of homogenised composite food preparationses, which decreased by -12.6% to 3K tons in 2022. Overall, exports faced a abrupt decline. The smallest decline of -11.7% was in 2021. The exports peaked at 4.6K tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, homogenised composite food preparations exports expanded modestly to $17M in 2022. In general, exports showed a abrupt decline. The exports peaked at $23M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Homogenised Composite Food Preparations from Canada in 2022:

1. United States (3.0K tons)

Imports of Homogenised Composite Food Preparations in Canada

In 2022, the amount of homogenised composite food preparationses imported into Canada rose markedly to 4.2K tons, increasing by 9.9% on the previous year's figure. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, homogenised composite food preparations imports expanded rapidly to $16M in 2022. Overall, imports, however, saw a slight reduction. Imports peaked at $17M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Homogenised Composite Food Preparations to Canada in 2022:

1. Chile (2287.5 tons)
2. United States (764.4 tons)
3. Mexico (692.2 tons)
4. France (249.1 tons)
5. Spain (93.2 tons)
6. Italy (41.2 tons)