Canada: Nuts Market 2022

Nuts Market Size in Canada

After three years of growth, the Canadian nuts market decreased by -X% to $X in 2021. Over the period under review, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then fell remarkably in the following year.

Nuts Production in Canada

In value terms, nuts production fell notably to $X in 2021 estimated in export price. Overall, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Nuts production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Nuts Exports

Exports from Canada

In 2021, overseas shipments of nuts (prepared or preserved) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, nuts exports soared to $X in 2021. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for nuts exports from Canada, accounting for a X% share of total exports. It was followed by the UK (X tons), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +X%.

In value terms, the United States ($X) remains the key foreign market for nuts exports from Canada, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +X%.

Export Prices by Country

The average nuts export price stood at $X per ton in 2021, waning by -X% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nuts export price decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%).

Nuts Imports

Imports into Canada

Nuts imports into Canada dropped notably to X tons in 2021, with a decrease of -X% compared with 2020 figures. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, nuts imports declined to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of nuts to Canada, accounting for a X% share of total imports. Moreover, nuts imports from the United States exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Vietnam (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of nuts to Canada, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2021, the average nuts import price amounted to $X per ton, growing by 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 ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :