Canada: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Canada

The Canadian mushroom and truffle market expanded to $X in 2023, picking up by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Mushroom And Truffle Production in Canada

In value terms, mushroom and truffle production expanded modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

The average yield of mushrooms and truffles in Canada totaled less than X kg per ha in 2023, approximately mirroring the year before. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of mushrooms and truffles production in Canada amounted to less than X ha, approximately reflecting the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Canada

In 2023, overseas shipments of mushrooms and truffles decreased by X% to X tons for the first time since 2014, thus ending a eight-year rising trend. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then fell modestly in the following year.

In value terms, mushroom and truffle exports shrank to $X in 2023. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2022, and then dropped slightly in the following year.

Exports by Country

The United States (X tons) was the main destination for mushroom and truffle exports from Canada, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States totaled X%.

In value terms, the United States ($X) also remains the key foreign market for mushrooms and truffles exports from Canada.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%.

Export Prices by Country

The average mushroom and truffle export price stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked in 2023 and is likely to see gradual 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 2012 to 2023, the rate of growth in terms of prices for the United States amounted to X% per year.

Mushroom And Truffle Imports

Imports into Canada

For the third consecutive year, Canada recorded decline in overseas purchases of mushrooms and truffles, which decreased by X% to X tons in 2023. Overall, imports recorded a mild downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, mushroom and truffle imports fell remarkably to $X in 2023. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and South Korea (X tons) were the main suppliers of mushroom and truffle imports to Canada, with a combined X% share of total imports. Japan lagged somewhat behind, comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of mushrooms and truffles to Canada, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the average mushroom and truffle import price amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform