Northern America: Crispbread Market 2024

Crispbread Market Size in Northern America

In 2021, after two years of decline, there was growth in the North American crispbread market, when its value increased by 2.3% to $X. Over the period under review, consumption showed a pronounced descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Crispbread Production in Northern America

In value terms, crispbread production reached $X in 2021 estimated in export price. In general, production continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by 15% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Crispbread Exports

Exports in Northern America

For the fourth year in a row, Northern America recorded growth in overseas shipments of crispbread, which increased by 5% to X tons in 2021. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 31%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, crispbread exports surged to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +11.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +24.1% against 2016 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

In 2021, Canada (X tons), distantly followed by the United States (X tons) were the key exporters of crispbread, together making up 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of +11.0%).

In value terms, Canada ($X) remains the largest crispbread supplier in Northern America, comprising 73% of total exports. The second position in the ranking was held by the United States ($X), with a 26% share of total exports.

In Canada, crispbread exports expanded at an average annual rate of +14.2% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 9.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2015 an increase of 25%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.9%).

Crispbread Imports

Imports in Northern America

In 2021, overseas purchases of crispbread decreased by -2.9% to X tons for the first time since 2015, thus ending a five-year rising trend. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. The volume of import peaked at X tons in 2020, and then shrank modestly in the following year.

In value terms, crispbread imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 13%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States was the largest importing country with an import of around X tons, which resulted at 79% of total imports. It was distantly followed by Canada (X tons), committing a 20% share of total imports.

The United States was also the fastest-growing in terms of the crispbread imports, with a CAGR of +2.7% from 2012 to 2021. Canada (-1.9%) illustrated a downward trend over the same period. The United States (+7 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -7.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported crispbread in Northern America, comprising 82% of total imports. The second position in the ranking was taken by Canada ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +5.1%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2016 when the import price increased by 8.6% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.3%).

Source: IndexBox Platform

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