Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Canada - 2023

Contents:

1. Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Canada (CIF) - 2023
2. Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Canada (FOB) - 2023
3. Imports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Canada
4. Exports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Canada

Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Canada (CIF) - 2023

In December 2023, the average import price for leguminous vegetables; shelled or unshelled, fresh or chilleds amounted to $3,693 per ton, almost unchanged from the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 25% m-o-m. Over the period under review, average import prices hit record highs at $4,098 per ton in August 2023; however, from September 2023 to December 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were Guatemala ($4,555 per ton) and China ($3,931 per ton), while the price for the United States ($3,208 per ton) and Mexico ($3,655 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Canada (FOB) - 2023

In December 2023, the average export price for leguminous vegetables; shelled or unshelled, fresh or chilleds amounted to $1,211 per ton, jumping by 29% against the previous month. Over the period under review, the export price saw tangible growth. The pace of growth appeared the most rapid in July 2023 an increase of 70% against the previous month. The export price peaked at $1,525 per ton in September 2023; however, from October 2023 to December 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In December 2023, the country with the highest price was the United States ($1,242 per ton), while the average price for exports to the UK amounted to $999 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Canada

In 2022, overseas purchases of leguminous vegetables; shelled or unshelled, fresh or chilleds decreased by -5.9% to 39K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 0.5%. As a result, imports reached the peak of 43K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of leguminous vegetables; shelled or unshelled, fresh or chilleds expanded slightly to $132M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 2.4% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled to Canada in 2022:

1. United States (15.6K tons)
2. Mexico (14.8K tons)
3. Guatemala (6.2K tons)
4. China (1.3K tons)

Exports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Canada

In 2022, exports of leguminous vegetables; shelled or unshelled, fresh or chilleds from Canada rose modestly to 7.3K tons, increasing by 3.4% compared with 2021. In general, exports, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 6%. As a result, the exports attained the peak of 8K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of leguminous vegetables; shelled or unshelled, fresh or chilleds soared to $7.1M in 2022. Overall, exports, however, continue to indicate a noticeable curtailment.

Top Export Markets for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled from Canada in 2022:

1. United States (3173.6 tons)
2. China (2193.6 tons)
3. Jordan (394.9 tons)
4. Turkey (355.1 tons)
5. Taiwan (Chinese) (274.8 tons)
6. Dominican Republic (174.6 tons)
7. Belgium (160.2 tons)
8. Egypt (24.7 tons)

Source: IndexBox Market Intelligence Platform