Northern America: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Northern America

The North American buttermilk and buttermilk powder market stood at $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Buttermilk And Buttermilk Powder in Northern America

In value terms, buttermilk and buttermilk powder production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 38%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports in Northern America

In 2022, overseas shipments of buttermilk and buttermilk powder were finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 65% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, buttermilk and buttermilk powder exports surged to $X in 2022. In general, exports, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2018 with an increase of 37% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, resulting at X tons, which was near 97% of total exports in 2022. Canada (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to buttermilk and buttermilk powder exports from the United States stood at -8.9%. At the same time, Canada (+13.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +13.9% from 2012-2022. From 2012 to 2022, the share of Canada increased by +2.8 percentage points.

In value terms, the United States ($X) remains the largest buttermilk and buttermilk powder supplier in Northern America, comprising 93% of total exports. The second position in the ranking was taken by Canada ($X), with a 7.2% share of total exports.

In the United States, buttermilk and buttermilk powder exports plunged by an average annual rate of -4.7% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, picking up by 21% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, buttermilk and buttermilk powder export price increased by +71.3% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 26% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.6%).

Imports of Buttermilk And Buttermilk Powder

Imports in Northern America

Buttermilk and buttermilk powder imports surged to X tons in 2022, increasing by 19% compared with 2021. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 153%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, buttermilk and buttermilk powder imports soared to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 62% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was approx. 84% of total imports in 2022. Canada (X tons) held the second position in the ranking, followed by Greenland (X tons). All these countries together took approx. 15% share of total imports.

The United States was also the fastest-growing in terms of the buttermilk and buttermilk powder imports, with a CAGR of +20.4% from 2012 to 2022. At the same time, Greenland (+6.8%) displayed positive paces of growth. By contrast, Canada (-1.7%) illustrated a downward trend over the same period. While the share of the United States (+37 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Greenland (-5.1 p.p.) and Canada (-30.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported buttermilk and buttermilk powder in Northern America, comprising 76% of total imports. The second position in the ranking was held by Canada ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +12.3%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (-3.6% per year) and Greenland (+7.0% per year).

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, growing by 8.6% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The growth pace was the most rapid in 2015 an increase of 102%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greenland (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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