Report Update Nov 1, 2024

Northern America - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Northern America

The North American market for condensed or evaporated milk (sweetened) amounted to $X in 2022, approximately mirroring the previous year. In general, consumption showed a mild decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Condensed Or Evaporated Milk (Sweetened) in Northern America

In value terms, sweetened condensed and evaporated milk production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a mild slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports in Northern America

In 2022, overseas shipments of condensed or evaporated milk (sweetened) increased by 22% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 149%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, sweetened condensed and evaporated milk exports soared to $X in 2022. In general, exports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2013 when exports increased by 219%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, accounting for X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Canada (X tons), creating a 10% share of total exports.

Exports from the United States decreased at an average annual rate of -5.6% from 2012 to 2022. Canada experienced a relatively flat trend pattern. While the share of Canada (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-3.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest sweetened condensed and evaporated milk supplier in Northern America, comprising 91% of total exports. The second position in the ranking was taken by Canada ($X), with a 9.1% share of total exports.

In the United States, sweetened condensed and evaporated milk exports decreased by an average annual rate of -5.2% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, shrinking by -1.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 28%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.4%).

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports in Northern America

Sweetened condensed and evaporated milk imports soared to X tons in 2022, growing by 63% compared with the year before. Over the period under review, imports recorded pronounced growth. The most prominent rate of growth was recorded in 2018 when imports increased by 66%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, sweetened condensed and evaporated milk imports soared to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons) represented roughly 100% of total imports in 2022.

The United States was also the fastest-growing in terms of the condensed or evaporated milk (sweetened) imports, with a CAGR of +2.6% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported condensed or evaporated milk (sweetened) in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +2.6%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 11% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 85%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, 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 2022, the rate of growth in terms of prices for the United States amounted to -0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensed or evaporated milk (sweetened) in Northern America?

The United States remains the largest sweetened condensed and evaporated milk consuming country in Northern America, comprising approx. 98% of total volume. It was followed by Canada, with a 1.5% share of total consumption.

What are the largest producers of condensed or evaporated milk (sweetened) in Northern America?

The country with the largest volume of sweetened condensed and evaporated milk production was the United States, accounting for 98% of total volume. It was followed by Canada, with a 1.6% share of total production.

What are the leading exporters of condensed or evaporated milk (sweetened) in Northern America?

In value terms, the United States remains the largest sweetened condensed and evaporated milk supplier in Northern America, comprising 92% of total exports. The second position in the ranking was occupied by Canada, with an 8.1% share of total exports.

What are the leading importers of condensed or evaporated milk (sweetened) in Northern America?

In value terms, the United States constitutes the largest market for imported condensed or evaporated milk sweetened) in Northern America, comprising 97% of total imports. The second position in the ranking was occupied by Canada, with a 2.5% share of total imports.

What is the average export price for condensed or evaporated milk (sweetened) in Northern America?

The export price for condensed or evaporated milk sweetened) in Northern America stood at $2,851 per ton in 2021, surging by 11% against the previous year.

What is the average import price for condensed or evaporated milk (sweetened) in Northern America?

In 2021, the import price for condensed or evaporated milk sweetened) in Northern America amounted to $3,649 per ton, growing by 25% against the previous year.

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Northern America. 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 889 - Whole Milk, Condensed
FCL 896 - Skim Milk, Condensed

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
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. CONSUMPTION BY COUNTRY
3. 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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023