Canada: Banana And Plantain Market 2022

Banana And Plantain Market Size in Canada

For the fifth consecutive year, the Canadian banana and plantain market recorded growth in sales value, which increased by X% to $X in 2021. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in years to come.

Banana And Plantain Exports

Exports from Canada

For the third year in a row, Canada recorded decline in shipments abroad of bananas and plantains, which decreased by -X% to X tonnes in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. As a result, the exports attained the peak of X tonnes. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, banana and plantain exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tonnes) was the main destination for banana and plantain exports from Canada, accounting for a X% share of total exports. Moreover, banana and plantain exports to the United States exceeded the volume sent to the second major destination, France (X tonnes), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Saint Pierre and Miquelon (+X% per year).

In value terms, the United States ($X) remains the key foreign market for banana and plantain exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with an X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Saint Pierre and Miquelon (+X% per year).

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2021, growing by X% against the previous year. Over the period under review, the export price showed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per tonne), while the average price for exports to Saint Pierre and Miquelon ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Canada

In 2021, after nine years of growth, there was decline in overseas purchases of bananas and plantains, when their volume decreased by -X% to X tonnes. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tonnes in 2020, and then reduced in the following year.

In value terms, banana and plantain imports expanded to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Guatemala (X tonnes) constituted the largest supplier of banana and plantain to Canada, with a X% share of total imports. Moreover, banana and plantain imports from Guatemala exceeded the figures recorded by the second-largest supplier, Costa Rica (X tonnes), twofold. Colombia (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Guatemala stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+X% per year) and Colombia (-X% per year).

In value terms, Guatemala ($X) constituted the largest supplier of banana and plantain to Canada, comprising X% of total imports. The second position in the ranking was occupied by Costa Rica ($X), with an X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Guatemala stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+X% per year) and Colombia (-X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2021, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per tonne in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Ecuador ($X per tonne) and Mexico ($X per tonne), while the price for Honduras ($X per tonne) and Costa Rica ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform