- #5 export market destination for U.S. corn, importing 2.42 MMT in MY18/19, a nearly one million ton increase from previous year.
- #7 export destination market for U.S. DDGS, importing 667 TMT in MY18/19; a small increase over the previous year.
- #2 export destination import market for U.S. ethanol, importing 331 million gallons in MY18/19.
- Population / growth: 35.9 million / 0.72 %
- Urban % / growth: 81.4% / 0.97%
- GDP / growth: $1.77 trillion / 3%
- GDP per capita: $48,400
- Canada resembles the U.S. in its market-oriented economic system, pattern of production, and high living standards.
- The livestock sector in Canada is large and well-developed, especially in terms of beef cattle – Canada was the 12th largest beef producer in the world in 2017.
- The dairy sector has a presence in all of the provinces and is one of the top 2 agricultural commodities in seven of the 10 provinces.
Trade and Market Share Overview
- Canada is a top market for U.S. ethanol, corn and DDGS. It is the #4 export market for U.S. feed grains in all forms at 8 MMT with a value of $3.2 billion.
- The U.S. has had a consistent 100% – or close to it – market share for DDGS, CGF and CGM. Turkey, India, Romania, Russia and China have had some presence in the Canadian corn market, but the U.S. is the dominant exporter.
- The Canadian Parliament rushed through ratification of USMCA in early March before taking a three week break to address the COVID-19 pandemic. They were the last country to ratify the agreement.
- Agricultural exporters in Canada are closely monitoring the impacts of the Phase 1 deal between the U.S. and China. Canadian exporters, especially of wheat, benefitted from the demand gap in China caused by trade tensions with the United States.
- In 2017, Environment and Climate Change Canada announced new federal Regulatory Framework on the Clean Fuel Standard to reduce its GHG emissions through increased use of lower carbon fuels and technologies.
- In 2020, Ontario increased its blend mandate to 10% and Quebec has announced a 10% mandate in 2021, with both intending to move to 15% by 2025. The two provinces make up nearly 55% of fuel consumption.