Northern America: Cream Fresh Market 2024

Cream Fresh Market Size in Northern America

The North American cream fresh market stood at $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, showed a slight descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cream Fresh Production in Northern America

In value terms, cream fresh production declined slightly to $X in 2022 estimated in export price. Overall, production showed a slight reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

From 2012 to 2022, the average annual growth rate of volume in Canada totaled X%.

Cream Fresh Exports

Exports in Northern America

In 2022, approx. X tons of cream fresh were exported in Northern America; stabilizing at the previous year. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, cream fresh exports skyrocketed to $X in 2022. In general, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Canada (X tons), achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cream fresh 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. Canada (X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by X% from 2012 to 2022, respectively.

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

In the United States, cream fresh exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price saw significant growth. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Cream Fresh Imports

Imports in Northern America

In 2022, the amount of cream fresh imported in Northern America skyrocketed to X tons, increasing by X% compared with the year before. Over the period under review, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, cream fresh imports surged to $X in 2022. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The United States was the main importer of cream fresh in Northern America, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X tons), committing an X% share of total imports. Greenland (X tons) held a relatively small share of total imports.

The United States was also the fastest-growing in terms of the cream fresh imports, with a CAGR of X% from 2012 to 2022. At the same time, Greenland (X%) and Canada (X%) displayed positive paces of growth. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United States, cream fresh imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (X% per year) and Greenland (X% per year).

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Greenland ($X per ton), while the United States ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :