Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Canada - 2023

Contents:

1. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Canada (CIF) - 2023
2. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Canada (FOB) - 2023
3. Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Canada
4. Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Canada

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Canada (CIF) - 2023

The average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $4,277 per ton in October 2023, with an increase of 2.3% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in August 2023 when the average import price increased by 7.7% month-to-month. Over the period under review, average import prices attained the peak figure in October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($5,187 per ton), while the price for China ($2,984 per ton) was amongst the lowest.

From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Canada (FOB) - 2023

The average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $4,631 per ton in October 2023, with a decrease of -4.3% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 12% m-o-m. Over the period under review, the average export prices hit record highs at $4,839 per ton in September 2023, and then declined slightly 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 December 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +0.9% per month.

Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Canada

In 2022, the amount of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa imported into Canada expanded modestly to 158K tons, with an increase of 2.8% compared with 2021. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa skyrocketed to $546M in 2022. The total import value increased at an average annual rate of +10.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Canada in 2022:

1. United States (84.5K tons)
2. China (13.7K tons)
3. Mexico (12.7K tons)
4. Spain (10.0K tons)
5. Brazil (5.4K tons)
6. Germany (5.3K tons)
7. United Kingdom (3.3K tons)
8. Belgium (3.3K tons)

Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Canada

In 2022, shipments abroad of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa was finally on the rise to reach 126K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa surged to $515M in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Canada in 2022:

1. United States (124.0K tons)

Source: IndexBox Market Intelligence Platform