Canada: Nuts Market Overview 2021

Nuts Market Size in Canada

In 2019, the Canadian nuts market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Nuts consumption peaked at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Nuts Production in Canada

In value terms, nuts production soared to $X in 2019 estimated in export prices. Overall, production, however, continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Nuts production peaked at $X in 2016; however, from 2017 to 2019, production remained at a lower figure.

Nuts Exports

Exports from Canada

In 2019, shipments abroad of nuts (prepared or preserved) decreased by -X% to X tonnes, falling for the second consecutive year after eleven years of growth. Overall, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

In value terms, nuts exports stood at $X in 2019. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Exports peaked in 2019 and are likely to continue growth in the immediate term.

Exports by Country

The U.S. (X tonnes) was the main destination for nuts exports from Canada, with a X% share of total exports. It was followed by the UK (X tonnes), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to the U.S. amounted to +X%.

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

From 2007 to 2019, the average annual growth rate of value to the U.S. totaled +X%.

Export Prices by Country

The average nuts export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Overall, the export price continues to indicate a measured expansion. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs in 2019 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to the UK totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Nuts Imports

Imports into Canada

In 2019, supplies from abroad of nuts (prepared or preserved) increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2019 and are likely to continue growth in the immediate term.

In value terms, nuts imports expanded rapidly to $X in 2019. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in years to come.

Imports by Country

The U.S. (X tonnes), Thailand (X tonnes) and Lebanon (X tonnes) were the main suppliers of nuts imports to Canada, together accounting for X% of total imports. Viet Nam, China and Indonesia lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of nuts to Canada, comprising X% of total imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2019, the average nuts import price amounted to $X per tonne, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nuts (prepared or preserved) in the world?

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The countries with the highest volumes of nuts consumption in 2019 were China (1.3M tonnes), the U.S. (711K tonnes) and Turkey (637K tonnes), with a combined 28% share of global consumption. India, Japan, Pakistan, Russia, Brazil, Indonesia, Italy, Bangladesh, France and Mexico lagged somewhat behind, together comprising a further 29%.

What are the largest producers of nuts (prepared or preserved) in the world?

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The countries with the highest volumes of nuts production in 2019 were China (1.4M tonnes), Turkey (766K tonnes) and the U.S. (757K tonnes), together comprising 31% of global production. India, Russia, Pakistan, Japan, Brazil, Indonesia, Italy, Bangladesh, Mexico and France lagged somewhat behind, together accounting for a further 29%.

What are the leading suppliers of nuts (prepared or preserved) to Canada?

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In value terms, the U.S. ($327M) constituted the largest supplier of nuts to Canada, comprising 79% of total imports. The second position in the ranking was occupied by Viet Nam ($27M), with a 6.6% share of total imports. It was followed by Thailand, with a 5.2% share.

What are the leading importers of nuts (prepared or preserved) from Canada?

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In value terms, the U.S. ($117M) remains the key foreign market for nuts exports from Canada, comprising 97% of total exports. The second position in the ranking was occupied by the UK ($761K), with a 0.6% share of total exports.

What is the average export price for nuts (prepared or preserved) in Canada?

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In 2019, the average nuts export price amounted to $8,607 per tonne, rising by 33% against the previous year.

What is the average import price for nuts (prepared or preserved) in Canada?

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The average nuts import price stood at $4,761 per tonne in 2019, with an increase of 13% against the previous year.