Nuts Market Overview in Canada
In value terms, nuts production surged to $ in 2019 estimated in export prices. Over the period under review, production, however, recorded a noticeable downturn. The growth pace was the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2016; however, from 2017 to 2019, production failed to regain the momentum.
The value of the nuts market in Canada rose notably to $ in 2019, picking up by % 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Nuts consumption peaked at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.