Northern America: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Northern America

The North American market for powdered, condensed or evaporated milk rose markedly to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, showed a mild decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Powdered, Condensed Or Evaporated Milk in Northern America

In value terms, powdered, condensed or evaporated milk production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The United States (X tons) constituted the country with the largest volume of powdered, condensed or evaporated milk production, comprising approx. X% of total volume. Moreover, powdered, condensed or evaporated milk production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), more than tenfold.

In the United States, powdered, condensed or evaporated milk production remained relatively stable over the period from 2012-2022.

Exports of Powdered, Condensed Or Evaporated Milk

Exports in Northern America

In 2022, overseas shipments of powdered, condensed or evaporated milk decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, powdered, condensed or evaporated milk exports skyrocketed to $X in 2022. Overall, exports, however, saw a prominent increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. Canada (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to powdered, condensed or evaporated milk exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In the United States, powdered, condensed or evaporated milk exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, picking up by X% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, condensed or evaporated milk export price increased by X% against 2018 indices. The level of export peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada 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 (X%).

Imports of Powdered, Condensed Or Evaporated Milk

Imports in Northern America

In 2022, imports of powdered, condensed or evaporated milk in Northern America skyrocketed to X tons, surging by X% against 2021 figures. In general, imports saw a tangible expansion. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, powdered, condensed or evaporated milk imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the key importer of powdered, condensed or evaporated milk in Northern America, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X tons), constituting a X% share of total imports. Bermuda (X tons) held a little share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Bermuda (X%) displayed positive paces of growth. Moreover, Bermuda emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. Canada experienced a relatively flat trend pattern. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported powdered, condensed or evaporated milk in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (X% per year) and Bermuda (X% per year).

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while Bermuda ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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