Price for Vegetable Products Not Elsewhere Specified or Included in Canada - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Canada (CIF) - 2024
- Price for Vegetable Products Not Elsewhere Specified or Included in Canada (FOB) - 2024
- Imports of Vegetable Products Not Elsewhere Specified or Included in Canada
- Exports of Vegetable Products Not Elsewhere Specified or Included in Canada
Price for Vegetable Products Not Elsewhere Specified or Included in Canada (CIF) - 2024
The average import price for vegetable products not elsewhere specified or includeds stood at $827 per ton in June 2023, which is down by -15.6% against the previous month. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in April 2023 an increase of 6% against the previous month. The import price peaked at $1,042 per ton in February 2023; however, from March 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Sri Lanka ($1,606 per ton), while the price for the Netherlands ($403 per ton) was amongst the lowest.
From February 2023 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (-3.7%), while the prices for the other major suppliers experienced a decline.
Price for Vegetable Products Not Elsewhere Specified or Included in Canada (FOB) - 2024
In June 2023, the average export price for vegetable products not elsewhere specified or includeds amounted to $864 per ton, picking up by 97% against the previous month. Overall, the export price saw perceptible growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From February 2023 to June 2023, the rate of growth in terms of prices for the United States amounted to +3.5% per month.
Imports of Vegetable Products Not Elsewhere Specified or Included in Canada
In 2022, the amount of vegetable products not elsewhere specified or includeds imported into Canada reached 18K tons, almost unchanged from 2021 figures. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of vegetable products not elsewhere specified or includeds skyrocketed to $21M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Vegetable Products Not Elsewhere Specified or Included in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.1 | 5.4 | 6.1 | 7.2 | 12.2% |
| China | 1.7 | 1.6 | 3.1 | 6.7 | 58.0% |
| Sri Lanka | 4.4 | 1.7 | 3.2 | 3.0 | -12.0% |
| India | 1.3 | 1.6 | 0.9 | 1.9 | 13.5% |
| Netherlands | 0.9 | 1.1 | 1.3 | 0.6 | -12.6% |
| Others | 1.4 | 1.8 | 2.3 | 1.7 | 6.7% |
| Total | 14.9 | 13.2 | 16.8 | 21.1 | 12.3% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Canada in 2022:
- United States (8.8K tons)
- China (3.3K tons)
- Sri Lanka (2.5K tons)
- India (1.7K tons)
- Netherlands (1.2K tons)
Exports of Vegetable Products Not Elsewhere Specified or Included in Canada
In 2022, overseas shipments of vegetable products not elsewhere specified or includeds decreased by -37.8% to 5.5K tons, falling for the second consecutive year after two years of growth. In general, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 4.2%. As a result, the exports attained the peak of 11K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of vegetable products not elsewhere specified or includeds expanded markedly to $2.9M in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of $3M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Vegetable Products Not Elsewhere Specified or Included in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.5 | 2.9 | 2.5 | 2.9 | 5.1% |
| Others | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Total | 2.6 | 3.0 | 2.6 | 2.9 | 3.7% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Canada in 2022:
- United States (5.5K tons)
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