Northern America: Dairy Spread Market 2024

Dairy Spread Market Size in Northern America

The North American dairy spread market totaled $X in 2022, increasing by 3.1% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.8% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Dairy Spread Production in Northern America

In value terms, dairy spread production expanded modestly to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 -3.1% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 27%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Dairy Spread Exports

Exports in Northern America

In 2022, overseas shipments of dairy spreads increased by 135% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, recorded a abrupt setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, dairy spread exports soared to $X in 2022. Over the period under review, exports, however, faced a abrupt curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was approx. 97% of total exports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the dairy spreads exports, with a CAGR of -18.6% from 2012 to 2022. Canada (-23.3%) illustrated a downward trend over the same period. The United States (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -2.2% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest dairy spread supplier in Northern America, comprising 99% of total exports. The second position in the ranking was taken by Canada ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled -15.6%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, falling by -9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%).

Dairy Spread Imports

Imports in Northern America

Dairy spread imports soared to X tons in 2022, growing by 33% compared with the year before. In general, imports showed a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 75% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, dairy spread imports soared to $X in 2022. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 56%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

The United States (X tons) represented roughly 98% of total imports in 2022.

The United States was also the fastest-growing in terms of the dairy spreads imports, with a CAGR of +8.8% 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 dairy spreads in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +12.9%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, picking up by 15% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy spread import price increased by +28.3% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 121%. The level of import peaked at $X per ton in 2018; however, from 2019 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 +3.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :