Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Canada - 2023

Contents:

  1. Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Canada (CIF) - 2023
  2. Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Canada (FOB) - 2022
  3. Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Canada
  4. Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Canada

Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Canada (CIF) - 2023

The average import price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants stood at $163 per thousand units in December 2023, increasing by 38% against the previous month. Over the period under review, the import price saw a tangible expansion. The growth pace was the most rapid in May 2023 an increase of 81% against the previous month. As a result, import price reached the peak level of $0.4 per unit. From June 2023 to December 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1.6 per unit), while the price for the Netherlands amounted to $129 per thousand units.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Canada (FOB) - 2022

The average export price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants stood at $0.2 per unit in 2022, surging by 8.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($0.2 per unit), while the average price for exports to Turks and Caicos Islands stood at $0.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turks and Caicos Islands (+4.2%).

Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Canada

In 2022, approx. 368M units of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants were imported into Canada; with an increase of 8.5% against 2021 figures. The total import volume increased at an average annual rate of +12.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants totaled $54M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% 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 +45.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands31.532.943.045.012.6%
United States2.41.93.44.220.5%
New Zealand1.00.31.31.00.0%
Others2.22.64.03.617.8%
Total37.137.651.653.813.2%

Top Suppliers of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant to Canada in 2022:

  1. Netherlands (338.2M units)
  2. United States (8.9M units)
  3. New Zealand (8.5M units)

Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Canada

In 2022, exports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants from Canada dropped slightly to 28M units, falling by -1.9% against 2021 figures. In general, exports, however, recorded a strong increase. The growth pace was the most rapid in 2021 when exports increased by 93%. As a result, the exports reached the peak of 29M units, and then fell in the following year.

In value terms, exports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants rose rapidly to $5.4M in 2022. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 122% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Export of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3.02.25.05.220.1%
Turks and Caicos IslandsN/AN/A0.10.10.0%
Others0.1N/AN/AN/A0%
Total3.12.35.05.420.3%

Top Export Markets for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant from Canada in 2022:

  1. United States (27.2M units)
  2. Turks and Caicos Islands (0.5M units)

Source: IndexBox Market Intelligence Platform

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