Canada: Dried Mushroom Market 2023

Dried Mushroom Market Size in Canada

The Canadian dried mushroom market reached $X in 2022, picking up by 4.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Dried Mushroom Exports

Exports from Canada

In 2022, shipments abroad of dried mushrooms and truffles increased by 97% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 109%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, dried mushroom exports soared to $X in 2022. Over the period under review, exports recorded a strong expansion. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Switzerland (X tons) and France (X tons) were the main destinations of dried mushroom exports from Canada, together accounting for 60% of total exports. China, the Netherlands, Hong Kong SAR and Germany lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +47.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dried mushroom exported from Canada were Switzerland ($X), France ($X) and Hong Kong SAR ($X), with a combined 77% share of total exports.

Hong Kong SAR, with a CAGR of +87.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average dried mushroom export price amounted to $X per ton, with an increase of 134% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to China ($X 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 Hong Kong SAR (+27.9%), while the prices for the other major destinations experienced mixed trend patterns.

Dried Mushroom Imports

Imports into Canada

In 2022, the amount of dried mushrooms and truffles imported into Canada stood at X tons, rising by 4.6% on the year before. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, dried mushroom imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +4.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of dried mushroom to Canada, accounting for a 71% share of total imports. Moreover, dried mushroom imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. France (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.9% per year) and France (+8.9% per year).

In value terms, China ($X) constituted the largest supplier of dried mushrooms and truffles to Canada, comprising 64% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by France, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.3% per year) and France (+7.7% per year).

Import Prices by Country

In 2022, the average dried mushroom import price amounted to $X per ton, with an increase of 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2014 an increase of 25%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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