Triticale Market Overview in Canada
In value terms, triticale production surged to $ in 2019 estimated in export prices. In general, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level in 2019 and is likely to see gradual growth in the immediate term.
The average yield of triticale in Canada shrank to tonnes per ha in 2019, waning by -% against the year before. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the yield increased by % y-o-y. As a result, the yield attained the peak level of tonnes per ha. From 2017 to 2019, the growth of the average triticale yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the triticale harvested area in Canada soared to ha, increasing by % compared with the previous year. Overall, the harvested area posted a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Over the period under review, the harvested area dedicated to triticale production attained the peak figure in 2019 and is expected to retain growth in the near future.
The size of the triticale market in Canada skyrocketed to $ in 2019, with an increase 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). Overall, consumption saw a prominent increase. The pace of growth was the most pronounced in 2016 when the market value increased by % against the previous year. Triticale consumption peaked in 2019 and is expected to retain growth in years to come.