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Canada - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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Canada: Almond Market Overview 2021

Almond Market Size in Canada

In 2020, the Canadian almond market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Almond consumption peaked in 2020 and is likely to see gradual growth in years to come.

Almond Production in Canada

In value terms, almond production stood at $X in 2020 estimated in export prices. In general, production continues to indicate significant growth. Almond production peaked in 2020 and is expected to retain growth in the immediate term.

The average yield of almonds in Canada totaled X kg per ha in 2020, stabilizing at the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The almond harvested area in Canada totaled X ha in 2020, therefore, remained relatively stable against the year before. In general, the harvested area continues to indicate a relatively flat trend pattern.

Almond Exports

Exports from Canada

In 2020, after four years of growth, there was significant decline in shipments abroad of almonds, when their volume decreased by -X% to X tonnes. In general, exports saw a perceptible downturn. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tonnes in 2019, and then shrank dramatically in the following year.

In value terms, almond exports reduced sharply to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2019, and then reduced dramatically in the following year.

Exports by Country

Mexico (X tonnes) was the main destination for almond exports from Canada, with a X% share of total exports. Moreover, almond exports to Mexico exceeded the volume sent to the second major destination, China (X tonnes), more than tenfold. The third position in this ranking was occupied by the U.S. (X kg), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the U.S. (-X% per year).

It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and China (X% per year).

Export Prices by Country

The average almond export price stood at $X per tonne in 2020, jumping by X% against the previous year. Over the period under review, the export price saw pronounced growth. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into Canada

In 2020, purchases abroad of almonds decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, almond imports dropped to $X in 2020. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2020, the U.S. (X tonnes) was the main supplier of almond to Canada, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from the U.S. stood at +X%.

In value terms, the U.S. ($X) constituted the largest supplier of almond to Canada.

From 2007 to 2020, the average annual growth rate of value from the U.S. amounted to +X%.

Import Prices by Country

In 2020, the average almond import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price saw a strong expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by X% year-to-year. The import price peaked in 2020 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?
+
The U.S. (1.7M tonnes) remains the largest almond consuming country worldwide, accounting for 48% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (364K tonnes), fivefold. The third position in this ranking was occupied by India (218K tonnes), with a 6.1% share.
What are the largest producers of almonds in the world?
+
The U.S. (2M tonnes) constituted the country with the largest volume of almond production, comprising approx. 56% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (358K tonnes), sixfold. Iran (179K tonnes) ranked third in terms of total production with a 4.9% share.
What are the leading suppliers of almonds to Canada?
+
In value terms, the U.S. ($5.9M) constituted the largest supplier of almond to Canada.
What are the leading importers of almonds from Canada?
+
It was followed by China, with a 1.7% share.
What is the average export price for almonds in Canada?
+
The average almond export price stood at $7,005 per tonne in 2020, growing by 74% against the previous year.
What is the average import price for almonds in Canada?
+
In 2020, the average almond import price amounted to $5,822 per tonne, increasing by 6.7% against the previous year.

Product coverage:
• FCL 221 - Almonds

This report provides an in-depth analysis of the almond 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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