Prepared or preserved groundnuts market in Canada

Earlier Report Observations

The market volume for prepared or preserved groundnuts in Canada fluctuated between 2018 and 2023, peaking at 19 953 t in 2021. The introduction of the Safe Food for Canadians Regulations (SFCR) in 2018 established strict licensing, preventive control, and traceability requirements for manufacturers and importers, setting a new regulatory framework that influenced market operations throughout the period.

Tariff reductions under the Canada-United States-Mexico Agreement (CUSMA) for peanut butter from 2021 facilitated trade and coincided with a rise in imports, supporting market volume growth. The COVID-19 pandemic temporarily disrupted supply chains in 2020, but a rapid recovery followed. Export growth, noted in 2019, reflected sustained international demand for Canadian products.

Consumption of prepared nuts in North America increased by 3.3% in volume in 2022, contributing to higher demand. Canadian production responded strongly, surging to 9 000 t that year. A growing consumer trend towards ready-to-eat and culturally inspired foods further shaped the market in 2023. Regulatory amendments and macroeconomic factors such as inflation continued to influence the sector into 2024.

Production prepared or preserved groundnuts in Canada

In kind, 2017-2020, t

From 2017 to 2020, Canada ranked as the world's 19th largest producer of prepared or preserved groundnuts.

Top producers of prepared or preserved groundnuts, 2017-2020

World map of production of prepared or preserved groundnuts, 2017-2020

Canada's production of prepared or preserved groundnuts grew for the third consecutive year. In 2020, the country produced 6 872 tonnes, marking a 6.6% increase from the previous year. Over the 2017-2020 period, production rose by 8.3%, with a compound annual growth rate of 2.7%.

Annual dynamics of production in Canada in kind, 2017-2020, t

In value, 2017-2020, K $ US

Canada's production value of prepared or preserved groundnuts increased for the second consecutive year. In 2020, output was valued at 24 001 thousand US dollars, a 9.6% improvement over 2019. Between 2017 and 2020, production value grew by 9%, equating to an annualized rate of 2.9%. The lowest value was recorded in 2018 at 21 565 thousand US dollars, which also saw the largest decline of 2.0%.

Annual dynamics of production in Canada in value, 2017-2020, K $ US

Exports prepared or preserved groundnuts from Canada

Exports in kind, t

Canada's exports of prepared or preserved groundnuts rose for the third consecutive year. In 2020, export volume reached 23 104 tonnes, a 5.8% increase from the previous year. Over the 2017-2020 period, exports grew by 14.8%, with a compound annual growth rate of 4.7%.

Annual dynamics of product's exports from Canada in kind, 2017-2020, t

From 2017 to 2020, the United States was the primary destination for Canada's prepared or preserved groundnuts exports, accounting for 76.6% of total export volume. Other destinations played a much smaller role.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Canada in kind, 2017-2020

Exports in value, K $ US

Canada's export value of prepared or preserved groundnuts increased for the third consecutive year. In 2020, exports totalled 80 692 thousand US dollars, up 8.7% from 2019. Over the 2017-2020 period, export value grew by 15.6%, with a compound annual growth rate of 4.9%.

Annual dynamics of product's exports from Canada in value, 2017-2020, K $ US

From 2017 to 2020, the United States dominated Canada's prepared or preserved groundnuts exports in value terms, accounting for 80.7% of total flows. The remaining share was distributed among various smaller destinations.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Canada in value, 2017-2020

Imports prepared or preserved groundnuts to Canada

Imports in kind, t

In 2020, Canada's imports of prepared or preserved groundnuts reached 34 608 tonnes, a substantial 10.8% increase from the previous year. Over the 2017-2020 period, imports grew by 22%, with a compound annual growth rate of 6.8%. The largest decline occurred in 2019 at 4.3%, while the largest increase was in 2018 at 15.1%.

Annual dynamics of product's imports to Canada in kind, 2017-2020, t

From 2017 to 2020, the United States was the main source of prepared or preserved groundnuts imports to Canada, accounting for 85.8% of total import volume. The remaining volume came from other countries.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Canada in kind, 2017-2020

Imports in value, K $ US

In 2020, Canada's import value of prepared or preserved groundnuts reached 82 482 thousand US dollars, a 9.2% increase from the prior year. Between 2017 and 2020, import value grew by 6.4%, equating to an annualized rate of 2.1%. The lowest value was recorded in 2019 at 75 509 thousand US dollars, which also saw the largest decline of 4.8%.

Annual dynamics of product's imports to Canada in value, 2017-2020, K $ US

Throughout 2017-2020, the United States clearly dominated Canada's prepared or preserved groundnuts imports in value terms, accounting for 84.6% of total flows. Other countries each held significantly smaller shares.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Canada in value, 2017-2020