Northern America: Lactose Market 2024

Lactose Market Size in Northern America

In 2022, the North American lactose market decreased by -31.5% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a perceptible slump. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Lactose Production in Northern America

In value terms, lactose production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 13%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Lactose Exports

Exports in Northern America

For the third consecutive year, Northern America recorded growth in overseas shipments of lactose and lactose syrup, which increased by 15% to X tons in 2022. The total export volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lactose exports surged to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 25%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

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

Exports from the United States increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Canada (+17.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +17.8% from 2012-2022. From 2012 to 2022, the share of Canada increased by +1.9 percentage points.

In value terms, the United States ($X) remains the largest lactose supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by Canada ($X), with a 2.7% share of total exports.

In the United States, lactose exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, surging by 5.4% against the previous year. In general, the export price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2017 when the export price increased by 25%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably 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 totaled $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%).

Lactose Imports

Imports in Northern America

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. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, lactose imports totaled $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Canada was the largest importer of lactose and lactose syrup in Northern America, with the volume of imports recording X tons, which was near 67% of total imports in 2022. It was distantly followed by the United States (X tons), achieving a 33% share of total imports.

Canada was also the fastest-growing in terms of the lactose and lactose syrup imports, with a CAGR of +6.8% from 2012 to 2022. The United States (-4.5%) illustrated a downward trend over the same period. Canada (+27 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -27.2% from 2012 to 2022, respectively.

In value terms, the largest lactose importing markets in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of +3.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, reducing by -11.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2021 an increase of 55% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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 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 (+8.6%).

Source: IndexBox Platform

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