Canada: Lactose Market 2024

Lactose Market Size in Canada

The Canadian lactose market surged to $X in 2022, picking up by 21% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Lactose Production in Canada

In value terms, lactose production expanded markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 43% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Lactose Exports

Exports from Canada

In 2022, the amount of lactose and lactose syrup exported from Canada rose modestly to X tons, growing by 2.7% compared with the year before. Overall, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 385% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, lactose exports amounted to $X in 2022. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 393%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Japan (X tons), India (X tons) and South Africa (X tons) were the main destinations of lactose exports from Canada, together accounting for 87% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +158.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lactose exported from Canada were Japan ($X), India ($X) and South Africa ($X), with a combined 84% share of total exports.

Japan, with a CAGR of +191.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lactose export price stood at $X per ton in 2022, with an increase of 6.9% against the previous year. Over the period under review, the export price, however, showed a pronounced setback. The growth pace was the most rapid in 2021 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Lactose Imports

Imports into Canada

In 2022, supplies from abroad of lactose and lactose syrup was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 87%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lactose imports expanded rapidly to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +27.8% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 35%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of lactose to Canada, accounting for a 88% share of total imports. Moreover, lactose imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.7% per year) and China (+37.9% per year).

In value terms, the United States ($X) constituted the largest supplier of lactose and lactose syrup to Canada, comprising 71% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.3% per year) and China (+28.3% per year).

Import Prices by Country

In 2022, the average lactose import price amounted to $X per ton, shrinking by -19.9% against the previous year. Over the period under review, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 46%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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