Canada - Spices - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpice Price in Canada - 2023
Contents:
- Spice Price in Canada (CIF) - 2022
- Spice Price in Canada (FOB) - 2022
- Spice Imports in Canada
- Spice Exports in Canada
Spice Price in Canada (CIF) - 2022
The average spice import price stood at $5,264 per ton in 2022, growing by 4.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2014 an increase of 20%. Over the period under review, average import prices attained the maximum at $5,881 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($7,435 per ton), while the price for Peru ($1,936 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Spice Price in Canada (FOB) - 2022
In 2022, the average spice export price amounted to $8,794 per ton, jumping by 37% against the previous year. Overall, the export price posted a prominent increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices attained the maximum at $9,259 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($13,957 per ton), while the average price for exports to France ($2,602 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spice Imports in Canada
For the fourth consecutive year, Canada recorded growth in overseas purchases of spices, which increased by 0.5% to 62K tons in 2022. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, spice imports expanded modestly to $328M in 2022. The total import value increased at an average annual rate of +10.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Spice in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 32.0 | 37.9 | 51.0 | 53.4 | 18.6% |
| Vietnam | 24.2 | 26.7 | 34.2 | 43.6 | 21.7% |
| China | 34.2 | 40.6 | 46.3 | 40.4 | 5.7% |
| United States | 23.7 | 21.7 | 21.0 | 21.2 | -3.6% |
| Indonesia | 15.8 | 13.0 | 11.9 | 15.2 | -1.3% |
| Spain | 8.1 | 9.3 | 11.8 | 13.5 | 18.6% |
| Peru | 4.1 | 8.0 | 7.7 | 8.6 | 28.0% |
| Mexico | 3.0 | 2.9 | 4.5 | 5.7 | 23.9% |
| Turkey | 4.0 | 4.5 | 4.7 | 5.3 | 9.8% |
| Brazil | 3.8 | 4.8 | 6.3 | 3.6 | -1.8% |
| Others | 90.6 | 74.6 | 114 | 118 | 9.2% |
| Total | 243 | 244 | 313 | 328 | 10.5% |
Top Suppliers of Spice to Canada in 2022:
- China (18.8K tons)
- India (12.7K tons)
- Vietnam (7.1K tons)
- Peru (4.5K tons)
- United States (3.3K tons)
- Spain (2.9K tons)
- Indonesia (2.0K tons)
- Mexico (1.2K tons)
- Turkey (1.0K tons)
- Brazil (0.7K tons)
Spice Exports in Canada
Spice exports from Canada contracted to 8.6K tons in 2022, falling by -8.7% against the year before. Over the period under review, exports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 6.4%.
In value terms, spice exports surged to $75M in 2022. Overall, exports continue to indicate a abrupt curtailment.
| Export of Spice in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 78.4 | 50.9 | 55.2 | 68.7 | -4.3% |
| Japan | 5.4 | 1.7 | 0.8 | 1.7 | -32.0% |
| Jamaica | 0.7 | 0.7 | 1.0 | 1.1 | 16.3% |
| Trinidad and Tobago | 0.9 | 0.8 | 0.7 | 1.0 | 3.6% |
| France | 0.8 | 1.1 | 0.6 | 0.7 | -4.4% |
| Barbados | 0.7 | 0.5 | 0.4 | 0.3 | -24.6% |
| Sri Lanka | 0.5 | 0.3 | 0.2 | 0.1 | -41.5% |
| Others | 1.2 | 1.3 | 1.4 | 1.8 | 14.5% |
| Total | 88.6 | 57.4 | 60.3 | 75.4 | -5.2% |
Top Export Markets for Spice from Canada in 2022:
- Sri Lanka (undefinedK tons)
- United States (7.0K tons)
- Jamaica (0.4K tons)
- France (0.3K tons)
- Trinidad and Tobago (0.3K tons)
- Japan (0.1K tons)
- Barbados (0.1K tons)
This report provides an in-depth analysis of the spice market 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:
- FCL 687 - Pepper
- FCL 689 - Pimento
- FCL 692 - Vanilla
- FCL 693 - Cinnamon (canella)
- FCL 698 - Cloves
- FCL 702 - Nutmeg, mace, cardamoms
- FCL 711 - Anise, badian, fennel
- FCL 720 - Ginger
- FCL 723 - Spices nes
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
3943
This report provides an in-depth analysis of the spice market in Canada.
668
This report provides an in-depth analysis of the piper pepper market in Canada.
447
This report provides an in-depth analysis of the pimenta pepper market in Canada.
5031
This report provides an in-depth analysis of the global spice market.
6749
This report provides an in-depth analysis of the global piper pepper market.
903
This report provides an in-depth analysis of the global pimenta pepper market.
3943
This report provides an in-depth analysis of the spice market in Canada.
668
This report provides an in-depth analysis of the piper pepper market in Canada.
447
This report provides an in-depth analysis of the pimenta pepper market in Canada.
5031
This report provides an in-depth analysis of the global spice market.
204
In the month of May 2023, imports of Piper Pepper saw a remarkable growth rate of 42% compared to the previous month. However, in June 2023, the value of piper pepper imports decreased to $4.5M.
243
Imports of Pimenta Pepper experienced a significant surge in December 2022, with a month-on-month increase of 20%. In terms of value, the imports for June 2023 amounted to $4.1M.
507
Explore the top import markets for spice worldwide, including the United States, India, China, Germany, and the United Arab Emirates. Discover key statistics and market insights from the IndexBox market intelligence platform.
409
The global spice market is forecast to reach a value of $54.1 billion by 2030, growing at a CAGR of around 4.1% during 2022-2030.
3106
The global spice market is expected to grow at a CAGR of over 3.5% from 2022 to 2025.
1096
Among leading importers, China, India, and the U.S. saw the highest growth rates of imports over the past decade.
767
The lockdown caused a surge in household demand, and the costs of some spices were going through the roof during the pandemic.
1172
The global spice market amounted to $33.1B in 2019, leveling off at the previous year. This figure reflects the total...
1122
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
5008
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
