Northern America: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Northern America

The North American whole fresh milk market expanded significantly to $X in 2022, increasing by 7.9% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Whole Fresh Milk Production in Northern America

In value terms, whole fresh milk production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 62%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The country with the largest volume of whole fresh milk production was the United States (X tons), accounting for 92% of total volume. Moreover, whole fresh milk production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in the United States totaled +1.1%.

Whole Fresh Milk Exports

Exports in Northern America

In 2022, exports of whole fresh milk in Northern America shrank to X tons, with a decrease of -2.5% compared with the year before. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 35%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, whole fresh milk exports rose to $X in 2022. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 36%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States represented the major exporting country with an export of around X tons, which accounted for 80% of total exports. It was distantly followed by Canada (X tons), making up a 20% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to whole fresh milk exports from the United States stood at +2.6%. At the same time, Canada (+13.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +13.3% from 2012-2022. From 2012 to 2022, the share of Canada increased by +12 percentage points.

In value terms, the United States ($X) remains the largest whole fresh milk supplier in Northern America, comprising 88% of total exports. The second position in the ranking was taken by Canada ($X), with a 12% share of total exports.

In the United States, whole fresh milk exports expanded at an average annual rate of +10.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, increasing by 7% against the previous year. Over the period under review, the export price showed resilient growth. The growth pace was the most rapid in 2020 when the export price increased by 47%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: 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 (+7.8%).

Whole Fresh Milk Imports

Imports in Northern America

In 2022, purchases abroad of whole fresh milk decreased by -3.7% to X tons for the first time since 2017, thus ending a four-year rising trend. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.2% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 29%. The volume of import peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, whole fresh milk imports totaled $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 47%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Canada was the main importer of whole fresh milk in Northern America, with the volume of imports reaching X tons, which was approx. 67% of total imports in 2022. It was distantly followed by the United States (X tons), constituting a 28% share of total imports. Greenland (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to whole fresh milk imports into Canada stood at +5.1%. At the same time, the United States (+16.0%) and Greenland (+6.3%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +16.0% from 2012-2022. The United States (+15 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -15% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) constitutes the largest market for imported whole fresh milk in Northern America, comprising 63% of total imports. The second position in the ranking was taken by the United States ($X), with a 30% share of total imports.

In Canada, whole fresh milk imports expanded at an average annual rate of +10.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+15.4% per year) and Greenland (+5.2% per year).

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, rising by 4% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, whole fresh milk import price decreased by -0.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 20% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Greenland ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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