Price for Pectic Substances; Pectinates and Pectates in Canada - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Canada (CIF) - 2023
2. Price for Pectic Substances; Pectinates and Pectates in Canada (FOB) - 2023
3. Imports of Pectic Substances; Pectinates and Pectates in Canada
4. Exports of Pectic Substances; Pectinates and Pectates in Canada

Price for Pectic Substances; Pectinates and Pectates in Canada (CIF) - 2023

In June 2023, the average import price for pectic substances; pectinates and pectateses amounted to $12,879 per ton, shrinking by -48% against the previous month. Overall, the import price continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in September 2022 an increase of 53% month-to-month. Over the period under review, average import prices attained the maximum at $24,763 per ton in May 2023, and then reduced sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($30,067 per ton), while the price for the United States ($11,229 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 the United States (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Canada (FOB) - 2023

In June 2023, the average export price for pectic substances; pectinates and pectateses amounted to $26,313 per ton, growing by 16% against the previous month. Over the period under review, the export price recorded mild growth. The pace of growth appeared the most rapid in April 2023 an increase of 101% month-to-month. Over the period under review, the average export prices reached the maximum at $30,929 per ton in July 2022; however, from August 2022 to June 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 June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +1.9% per month.

Imports of Pectic Substances; Pectinates and Pectates in Canada

For the fourth year in a row, Canada recorded growth in supplies from abroad of pectic substances; pectinates and pectateses, which increased by 14% to 1.6K tons in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, pectic substances; pectinates and pectates imports surged to $30M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Canada in 2022:

1. Germany (607.0 tons)
2. United States (454.7 tons)
3. Denmark (209.7 tons)
4. China (176.5 tons)
5. Brazil (71.8 tons)
6. Switzerland (57.6 tons)
7. Italy (12.2 tons)

Exports of Pectic Substances; Pectinates and Pectates in Canada

In 2022, shipments abroad of pectic substances; pectinates and pectateses decreased by -45.6% to 82 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 15%. As a result, the exports reached the peak of 183 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, pectic substances; pectinates and pectates exports dropped rapidly to $1.5M in 2022. Overall, exports recorded a deep reduction. The smallest decline of -0.5% was in 2020.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Canada in 2022:

1. United States (80.7 tons)

Source: IndexBox Market Intelligence Platform