Dairy Spread Market Overview in Canada
In value terms, dairy spread production reduced modestly to $ in 2019 estimated in export prices. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of % y-o-y. As a result, production reached the peak level of $. From 2015 to 2019, production growth remained at a lower figure.
The revenue of the dairy spread market in Canada dropped to $ in 2019, with a decrease of -% 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.