HS Code:
Maple syrup, classified under HS Code 1702.20, is a natural sweetener made from the sap of maple trees, primarily produced in North America. It is a high-value agricultural product widely used in food and beverage industries as a topping, flavoring agent, and ingredient in various recipes. The global trade of maple syrup is heavily dominated by Canada, which accounts for the majority of production and export due to its favorable climate and vast maple forests. The product is subject to strict quality controls and grading systems to ensure purity and consistency.
Total Trade Volume
USD 500 million
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
USD 400 million
80% of total trade of total trade
Increasing
USD 80 million
16% of total trade of total trade
Stable
USD 10 million
2% of total trade of total trade
Increasing
USD 5 million
1% of total trade of total trade
Stable
USD 3 million
0.6% of total trade of total trade
Increasing
Average Rate
6% ad valorem
Highest Rate
30% (applied by certain developing countries to protect domestic sweetener industries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Canada CETA)
Growing demand for natural and organic sweeteners
Increased exports of maple syrup as consumers shift away from artificial sweeteners and high-fructose corn syrup, particularly in Europe and Asia.
2020-2022
Climate change affecting production
Warmer winters and shorter sap collection seasons in key producing regions like Quebec and Vermont have led to supply constraints and price volatility.
2019-2022
Rising popularity in non-traditional markets
Emerging markets in Asia, such as Japan and South Korea, are showing increased demand for maple syrup as a premium ingredient, driving export diversification.
2021-2022
The Quebec Maple Syrup Producers (QMSP) released a portion of its strategic reserve to meet global demand following a poor harvest in 2021, stabilizing prices and ensuring supply.
December 2021
Prevented significant price spikes and maintained Canada’s dominance in the global market.
The United States-Mexico-Canada Agreement (USMCA) has facilitated tariff-free trade of maple syrup between member countries, strengthening North American supply chains.
July 2020
Increased export volumes from Canada to the U.S. and reduced costs for American consumers.
The Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada has reduced tariffs on maple syrup, boosting exports to European countries like Germany and France.
September 2017 (ongoing impact through 2022)
Led to a 15% increase in exports to the EU, opening new markets for Canadian producers.