Canada: Confectionery Market 2022

Confectionery Market Size in Canada

The canadian confectionery market rose to $X in 2021, surging by X% 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 +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years.Confectionery consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Confectionery Production in Canada

In value terms, confectionery production rose slightly to $X in 2021 estimated in export price.The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years.The pace of growth was the most pronounced in 2015 with an increase of X production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Confectionery Exports

Exports from Canada

For the fourth year in a row, canada recorded growth in overseas shipments of confectionery, which increased by X% to X tons in 2021.The total export volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years.The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year.Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, confectionery exports expanded sharply to $X in 2021.The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years.As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The united states (X tons) was the main destination for confectionery exports from Canada, accounting for a X% share of total exports. It was followed by Mexico (X tons), with a X% share of total exports.

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

In value terms, the United States ($X) remains the key foreign market for confectionery exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Mexico ($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%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Italy (+X% per year).

Export Prices by Country

The average confectionery export price stood at $X per ton in 2021, picking up by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Confectionery Imports

Imports into Canada

In 2021, imports of confectionery into canada expanded remarkably to X tons, increasing by X% against the previous year's figure.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 in certain years.The most prominent rate of growth was recorded in 2014 when imports increased by X the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, confectionery imports rose significantly to $X in 2021.The total import value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period.As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of confectionery to Canada, with a X% share of total imports. Moreover, confectionery imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Belgium (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Belgium (+X% per year).

Import Prices by Country

The average confectionery import price stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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