Northern America: Skim Milk Market 2024

Skim Milk Market Size in Northern America

The North American skim milk market skyrocketed to $X in 2021, with an increase of 16% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Skim Milk Production in Northern America

In value terms, skim milk production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 108%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

The country with the largest volume of skim milk production was the United States (X tons), comprising approx. 84% of total volume. Moreover, skim milk production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), fivefold.

In the United States, skim milk production increased at an average annual rate of +1.2% over the period from 2012-2021.

Skim Milk Exports

Exports in Northern America

In 2021, approx. X tons of skim milk were exported in Northern America; dropping by -9.3% compared with 2020 figures. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 118%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, skim milk exports stood at $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 80%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States was the main exporter of skim milk in Northern America, with the volume of exports finishing at X tons, which was approx. 62% of total exports in 2021. It was distantly followed by Canada (X tons), mixing up a 38% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +64.2%).

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of exports in 2021.

Canada, with a CAGR of +74.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, growing by 11% against the previous year. Overall, the export price showed a noticeable expansion. The pace of growth was the most pronounced in 2017 when the export price increased by 104%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+6.3%).

Skim Milk Imports

Imports in Northern America

Skim milk imports was estimated at X tons in 2021, growing by 7.4% against the year before. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 422% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, skim milk imports reached $X in 2021. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 3,346%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Canada represented the major importing country with an import of around X tons, which resulted at 63% of total imports. Greenland (X tons) took the second position in the ranking, distantly followed by the United States (X tons). All these countries together held near 35% share of total imports. Saint Pierre and Miquelon (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to skim milk imports into Canada stood at +32.8%. At the same time, the United States (+66.9%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +66.9% from 2012-2021. Greenland experienced a relatively flat trend pattern. By contrast, Saint Pierre and Miquelon (-4.4%) illustrated a downward trend over the same period. Canada (+53 p.p.) and the United States (+8.1 p.p.) significantly strengthened its position in terms of the total imports, while Saint Pierre and Miquelon and Greenland saw its share reduced by -3.7% and -35% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported skim milk in Northern America, comprising 82% of total imports. The second position in the ranking was held by Canada ($X), with a 13% share of total imports. It was followed by Greenland, with a 4.4% share.

In the United States, skim milk imports increased at an average annual rate of +183.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Canada (+28.3% per year) and Greenland (-1.5% per year).

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, waning by -4.4% against the previous year. Overall, the import price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 560%. As a result, import price attained the peak level of $X per ton, and then shrank slightly in the following year.

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 the United States ($X per ton), while Saint Pierre and Miquelon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+69.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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