Canada: Peach And Nectarine Market 2023

Peach And Nectarine Market Size in Canada

In 2021, the Canadian peach and nectarine market increased by 1.1% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 6.2% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Peach And Nectarine Production in Canada

In value terms, peach and nectarine production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by 109%. Peach and nectarine production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

The average yield of peaches and nectarines in Canada was estimated at X tons per ha in 2021, with an increase of 7.8% on 2020 figures. The yield figure increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. The peach and nectarine yield peaked at X tons per ha in 2018; however, from 2019 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of peaches and nectarines production in Canada stood at X ha, leveling off at 2020 figures. Over the period under review, the harvested area, however, saw a perceptible contraction. Over the period under review, the harvested area dedicated to peach and nectarine production reached the maximum at X ha in 2012; however, from 2013 to 2021, the harvested area remained at a lower figure.

Peach And Nectarine Exports

Exports from Canada

In 2021, overseas shipments of peaches and nectarines were finally on the rise to reach X tons after two years of decline. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 653% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, peach and nectarine exports skyrocketed to $X in 2021. Over the period under review, exports posted buoyant growth. The growth pace was the most rapid in 2013 when exports increased by 490% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for peach and nectarine exports from Canada, with a 97% share of total exports. It was followed by France (X tons), with a 3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +8.4%.

In value terms, the United States ($X) remains the key foreign market for peach and nectarine exports from Canada, comprising 94% of total exports. The second position in the ranking was taken by France ($X), with a 6.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +7.2%.

Export Prices by Country

The average peach and nectarine export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a slight contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-0.5%).

Peach And Nectarine Imports

Imports into Canada

For the fourth year in a row, Canada recorded growth in overseas purchases of peaches and nectarines, which increased by 0.9% to X tons in 2021. In general, imports, however, saw a mild decline. The most prominent rate of growth was recorded in 2016 when imports increased by 8.7%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, peach and nectarine imports shrank modestly to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of peach and nectarine to Canada, accounting for a 85% share of total imports. Moreover, peach and nectarine imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-3.3% per year) and Australia (+43.1% per year).

In value terms, the United States ($X) constituted the largest supplier of peach and nectarine to Canada, comprising 82% of total imports. The second position in the ranking was taken by Chile ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-3.4% per year) and Australia (+35.5% per year).

Import Prices by Country

In 2021, the average peach and nectarine import price amounted to $X per ton, dropping by -2.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained 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 Australia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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