Report Update Nov 1, 2024

Canada - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Skim Milk Market 2024

Skim Milk Market Size in Canada

After four years of growth, the Canadian skim milk market decreased by -15.2% to $X in 2021. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Skim Milk Production in Canada

In value terms, skim milk production contracted remarkably to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.2% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 84% against the previous year. As a result, production reached the peak level of $X, and then shrank notably in the following year.

Skim Milk Exports

Exports from Canada

After two years of growth, shipments abroad of skim milk decreased by -27.6% to X tons in 2021. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 7,792%. As a result, the exports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, skim milk exports reduced to $X in 2021. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 14,454% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for skim milk exports from Canada, with a 92% share of total exports. Moreover, skim milk exports to the United States exceeded the volume sent to the second major destination, the Philippines (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and Syrian Arab Republic (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for skim milk exports from Canada, comprising 96% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and Syrian Arab Republic (0.0% per year).

Export Prices by Country

In 2021, the average skim milk export price amounted to $X per ton, increasing by 23% against the previous year. Overall, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 84%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+23.1%).

Skim Milk Imports

Imports into Canada

In 2021, supplies from abroad of skim milk decreased by -10.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 4,414%. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, skim milk imports contracted to $X in 2021. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 4,090% against the previous year. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, the United States (X tons) was the main skim milk supplier to Canada, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +32.8%.

In value terms, the United States ($X) constituted the largest supplier of skim milk to Canada.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +28.2%.

Import Prices by Country

In 2021, the average skim milk import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2019 an increase of 9.5%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -3.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for skim milk in the world?

The countries with the highest volumes of skim milk consumption in 2021 were the United States, Germany and France, with a combined 29% share of global consumption. New Zealand, Russia, Turkey, Ireland, Iran, the Netherlands, Poland, India, Belgium and Canada lagged somewhat behind, together accounting for a further 36%.

What are the largest producers of skim milk in the world?

The countries with the highest volumes of skim milk production in 2021 were the United States, Germany and France, together accounting for 29% of global production. These countries were followed by New Zealand, Russia, Turkey, Ireland, Iran, the Netherlands, Poland, India, Canada and the UK, which together accounted for a further 36%.

What are the leading suppliers of skim milk to Canada?

In value terms, the United States constituted the largest supplier of skim milk to Canada.

What are the leading importers of skim milk from Canada?

In value terms, the United States remains the key foreign market for skim milk exports from Canada, comprising 96% of total exports. The second position in the ranking was occupied by the Philippines, with a 1.5% share of total exports.

What is the average export price for skim milk in Canada?

The average skim milk export price stood at $1,475 per ton in 2021, with an increase of 5.6% against the previous year.

What is the average import price for skim milk in Canada?

The average skim milk import price stood at $331 per ton in 2021, surging by 15% against the previous year.

This report provides an in-depth analysis of the skim milk market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 888 - Skim Milk of Cows

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023