Price for Protein; Concentrates and Textured Protein Substances in Canada - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Canada (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Canada (FOB) - 2024
- Imports of Protein; Concentrates and Textured Protein Substances in Canada
- Exports of Protein; Concentrates and Textured Protein Substances in Canada
Price for Protein; Concentrates and Textured Protein Substances in Canada (CIF) - 2024
The average import price for protein; concentrates and textured protein substanceses stood at $7,283 per ton in March 2024, rising by 14% against the previous month. In general, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 40% m-o-m. The import price peaked at $8,515 per ton in March 2023; however, from April 2023 to March 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Germany ($31,909 per ton), while the price for China ($4,213 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Protein; Concentrates and Textured Protein Substances in Canada (FOB) - 2024
In March 2024, the average export price for protein; concentrates and textured protein substanceses amounted to $4,927 per ton, rising by 46% against the previous month. Overall, export price indicated a slight expansion from March 2023 to March 2024: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, export price for protein; concentrates and textured protein substanceses increased by +46.2% against February 2024 indices. The growth pace was the most rapid in September 2023 when the average export price increased by 78% month-to-month. As a result, the export price attained the peak level of $6,011 per ton. From October 2023 to March 2024, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($11,166 per ton), while the average price for exports to the UK ($3,424 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Protein; Concentrates and Textured Protein Substances in Canada
In 2022, imports of protein; concentrates and textured protein substanceses into Canada amounted to 26K tons, standing approx. at the previous year. Overall, imports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of protein; concentrates and textured protein substanceses amounted to $192M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Protein; Concentrates and Textured Protein Substances in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 142 | 138 | 164 | 177 | 7.6% |
| China | 3.0 | 3.1 | 5.7 | 9.4 | 46.3% |
| Brazil | 0.8 | 0.8 | 0.5 | 1.4 | 20.5% |
| France | 4.4 | 2.0 | 2.7 | 0.5 | -51.6% |
| Others | 1.8 | 1.7 | 2.5 | 4.1 | 31.6% |
| Total | 152 | 146 | 176 | 192 | 8.1% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Canada in 2022:
- United States (22.6K tons)
- China (2.7K tons)
- Brazil (0.4K tons)
- France (0.1K tons)
Exports of Protein; Concentrates and Textured Protein Substances in Canada
In 2022, exports of protein; concentrates and textured protein substanceses from Canada soared to 42K tons, rising by 23% on the previous year's figure. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 220% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses expanded markedly to $159M in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 211%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Protein; Concentrates and Textured Protein Substances in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.3 | 82.9 | 125 | 143 | 88.6% |
| Others | 8.9 | 11.0 | 21.5 | 16.6 | 23.1% |
| Total | 30.2 | 93.9 | 147 | 159 | 74.0% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Canada in 2022:
- United States (40.2K tons)
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