Global Maple Syrup Production Down Sharply in 2023
The global maple syrup market is facing a shortage, as production declines in the U.S. and Canada.
Pure maple production in the U.S. dropped by 15% in the 2023 season, according to statistics from the U.S. Department of Agriculture. Production in Wisconsin dropped by 9%, while Michigan processors’ production increased slightly—by 4%.
Much of the U.S. decline was the result of a poor season in Vermont which typically dominates American production with about 50% of the national market. The Vermont decline was caused by unusually cold weather conditions there in March. Maple sap flows when daytime temperatures are above freezing (with overnight temperatures below 32 degrees), which allows sugar maple sap to flow.
The Canadian Province of Quebec dominates the global production of pure maple syrup with a market share of over 70%. It had an even more drastic drop in production than Vermont (its neighbor immediately to the South).
The decline in maple syrup production is likely to have several implications for the industry. Prices for maple syrup may increase, as the supply of syrup decreases. However, the Quebec producers maintain a reserve, which can be released. The business is impacted by variable winter weather patterns and 2022 was a record year.
