Northern America: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Northern America

The North American market for condensed or evaporated milk (unsweetened) rose rapidly to $X in 2022, increasing by X% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Condensed Or Evaporated Milk (Unsweetened) in Northern America

In value terms, unsweetened condensed and evaporated milk production expanded remarkably to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports in Northern America

In 2022, the amount of condensed or evaporated milk (unsweetened) exported in Northern America expanded notably to X tons, surging by X% on 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk exports skyrocketed to $X in 2022. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) represented roughly X% of total exports in 2022.

The United States experienced a relatively flat trend pattern with regard to volume of exports of condensed or evaporated milk (unsweetened). The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest unsweetened condensed and evaporated milk supplier in Northern America.

In the United States, unsweetened condensed and evaporated milk exports expanded 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, jumping by X% against the previous year. Overall, the export price posted a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports in Northern America

In 2022, approx. X tons of condensed or evaporated milk (unsweetened) were imported in Northern America; rising by X% against the year before. Over the period under review, imports posted a moderate increase. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk imports soared to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United States prevails in imports structure, amounting to X tons, which was near X% of total imports in 2022. Bermuda (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Canada (X%).

From 2012 to 2022, average annual rates of growth with regard to unsweetened condensed and evaporated milk imports into the United States stood at X%. 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. By contrast, Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bermuda and the United States increased by X and X percentage points, respectively.

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

In the United States, unsweetened condensed and evaporated milk imports expanded at an average annual rate of X% over the period from 2012-2022. 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

The import price in Northern America stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price recorded a temperate expansion. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 mixed trends in the import price figures.

Source: IndexBox Platform

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