Northern America: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Northern America

In 2021, after three years of growth, there was decline in the North American market for protein concentrates and flavoured or coloured sugar syrups, when its value decreased by -0.2% to $X. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +102.0% against 2012 indices. The level of consumption peaked at $X in 2020, and then declined slightly in the following year.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Northern America

In value terms, production of protein concentrates and flavoured or coloured sugar syrups rose to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 decreased by -2.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 27% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports in Northern America

In 2021, approx. X tons of protein concentrates and flavoured or coloured sugar syrups were exported in Northern America; growing by 18% on the year before. The total export volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups rose remarkably to $X in 2021. The total export value increased at an average annual rate of +6.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The United States represented the largest exporter of protein concentrates and flavoured or coloured sugar syrups in Northern America, with the volume of exports accounting for X tons, which was approx. 81% of total exports in 2021. It was distantly followed by Canada (X tons), making up a 19% share of total exports.

Exports from the United States increased at an average annual rate of +2.4% from 2012 to 2021. At the same time, Canada (+30.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +30.1% from 2012-2021. While the share of Canada (+17 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-16.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest protein concentrate and flavoured or coloured sugar syrup supplier in Northern America, comprising 86% of total exports. The second position in the ranking was held by Canada ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +5.6%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, dropping by -5.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2013 when the export price increased by 16% against the previous year. The level of export peaked at $X per ton in 2020, and then dropped in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.2%).

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports in Northern America

In 2021, supplies from abroad of protein concentrates and flavoured or coloured sugar syrups increased by 9.4% to X tons, rising for the seventh consecutive year after two years of decline. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 63%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. Over the period under review, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 45%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons) represented the key importer of protein concentrates and flavoured or coloured sugar syrups, making up 68% of total imports. It was distantly followed by Canada (X tons), making up a 32% share of total imports.

The United States was also the fastest-growing in terms of the protein concentrates and flavoured or coloured sugar syrups imports, with a CAGR of +20.4% from 2012 to 2021. At the same time, Canada (+10.5%) displayed positive paces of growth. While the share of the United States (+19 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-17.9 p.p.) displayed negative dynamics.

In value terms, the largest protein concentrate and flavoured or coloured sugar syrup importing markets in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of +24.5%, recorded 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

The import price in Northern America stood at $X per ton in 2021, picking up by 18% against the previous year. Import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the import price increased by 31%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.4%).

Source: IndexBox Platform

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