Canada: Powdered Milk Market 2025

Powdered Milk Market Size in Canada

In 2022, the Canadian powdered milk market decreased by -14.1% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption recorded a noticeable curtailment. Powdered milk consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Powdered Milk Production in Canada

In value terms, powdered milk production reduced to $X in 2022 estimated in export price. In general, production showed a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Powdered Milk Exports

Exports from Canada

In 2022, after four years of decline, there was significant growth in shipments abroad of powdered milk, when their volume increased by 58% to X tons. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by 193% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, powdered milk exports soared to $X in 2022. Over the period under review, exports showed a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 203%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Egypt (X tons), Algeria (X tons) and the Philippines (X tons) were the main destinations of powdered milk exports from Canada, together comprising 68% of total exports. Jamaica, Saudi Arabia, the United Arab Emirates, Mexico, Germany, Morocco, Cuba and Vietnam lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +286.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Algeria ($X) and the Philippines ($X) were the largest markets for powdered milk exported from Canada worldwide, with a combined 68% share of total exports. Saudi Arabia, Jamaica, Mexico, the United Arab Emirates, Germany, Morocco, Cuba and Vietnam lagged somewhat behind, together accounting for a further 23%.

In terms of the main countries of destination, Germany, with a CAGR of +277.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average powdered milk export price stood at $X per ton in 2022, increasing by 21% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 29%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Vietnam ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Canada

In 2022, overseas purchases of powdered milk increased by 2% to X tons, rising for the second consecutive year after four years of decline. In general, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 69%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, powdered milk imports expanded slightly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 44% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main supplier of powdered milk to Canada, with a 96% share of total imports. Moreover, powdered milk imports from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +5.7%.

In value terms, the United States ($X) constituted the largest supplier of powdered milk to Canada, comprising 96% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 4.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +4.0%.

Import Prices by Country

In 2022, the average powdered milk import price amounted to $X per ton, picking up by 2.7% against the previous year. In general, the import price, however, saw a slight downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 8.7%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.6%).

Source: IndexBox Platform

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