Canada: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Canada

The Canadian butter and dairy spreads market surged to $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate a significant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Production of Butter And Dairy Spreads in Canada

In value terms, butter and dairy spreads production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume decreased by X% against the previous year. Over the period under review, production reached the maximum level in 2022 and is likely to see steady growth in years to come.

Exports of Butter And Dairy Spreads

Exports from Canada

In 2022, butter and dairy spreads exports from Canada shrank significantly to X tons, with a decrease of X% on the year before. Overall, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, butter and dairy spreads exports declined notably to $X in 2022. Over the period under review, exports saw a significant decline. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cuba (X tons), British Virgin Islands (X tons) and Saint Pierre and Miquelon (X tons) were the main destinations of butter and dairy spreads exports from Canada, with a combined X% share of total exports. France, Japan, Barbados, the United States and Bermuda lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butter and dairy spreads exported from Canada were Cuba ($X), the United States ($X) and Saint Pierre and Miquelon ($X), with a combined X% share of total exports. British Virgin Islands, France, Japan, Barbados and Bermuda lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, France, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average butter and dairy spreads export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price saw a deep slump. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to British Virgin Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into Canada

In 2022, butter and dairy spreads imports into Canada soared to X tons, with an increase of X% against 2021. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, butter and dairy spreads imports skyrocketed to $X in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest butter and dairy spreads supplier to Canada, accounting for a X% share of total imports. Moreover, butter and dairy spreads imports from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of butter and dairy spreads to Canada, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%.

Import Prices by Country

The average butter and dairy spreads import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :