Canada: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Canada

In 2022, the Canadian market for powdered, evaporated and condensed milk decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Powdered, Evaporated And Condensed Milk in Canada

In value terms, powdered, evaporated and condensed milk production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Canada

After four years of decline, shipments abroad of powdered, evaporated and condensed milk increased by X% to X tons in 2022. In general, exports posted a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk exports surged to $X in 2022. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Egypt (X tons), Algeria (X tons) and the Philippines (X tons) were the main destinations of powdered, evaporated and condensed milk exports from Canada, with a combined X% share of total exports. Jamaica, Saudi Arabia, the United Arab Emirates, Mexico, Germany, the United States, Bahrain, Morocco and Cuba lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for powdered, evaporated and condensed milk exported from Canada were Egypt ($X), Algeria ($X) and Saudi Arabia ($X), together comprising X% of total exports. The Philippines, Jamaica, Mexico, the United Arab Emirates, Germany, Morocco, the United States, Bahrain and Cuba lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $X per ton, growing by X% against the previous year. In general, the export price posted a mild increase. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Morocco ($X per ton) and Mexico ($X per ton), while the average price for exports to the United States ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Canada

Powdered, evaporated and condensed milk imports into Canada fell to X tons in 2022, waning by X% on the year before. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk imports amounted to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main powdered, evaporated and condensed milk supplier to Canada, with a X% share of total imports. Moreover, powdered, evaporated and condensed milk imports from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%.

In value terms, the United States ($X) constituted the largest supplier of powdered, evaporated and condensed milk to Canada, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%.

Import Prices by Country

In 2022, the average import price for powdered, evaporated and condensed milk amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the United States 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%).

Source: IndexBox Platform

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