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Northern America - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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Northern America: Market for Powdered, Evaporated And Condensed Milk 2022

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

After two years of growth, the North American market for powdered, evaporated and condensed milk decreased by -12.5% to $X in 2021. In general, consumption recorded a noticeable downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Powdered, Evaporated And Condensed Milk in Northern America

In value terms, powdered, evaporated and condensed milk production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports in Northern America

In 2021, the amount of powdered, evaporated and condensed milk exported in Northern America was estimated at X tons, picking up by 5.7% against 2020 figures. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.0% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 30%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, powdered, evaporated and condensed milk exports skyrocketed to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.4% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 59% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The United States dominates exports structure, accounting for X tons, which was near 98% of total exports in 2021. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the powdered, evaporated and condensed milk exports, with a CAGR of +7.5% from 2012 to 2021. At the same time, Canada (+4.2%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest powdered, evaporated and condensed milk supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 2% share of total exports.

In the United States, powdered, evaporated and condensed milk exports expanded at an average annual rate of +6.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, picking up by 13% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by 24% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.5%).

Imports of Powdered, Evaporated And Condensed Milk

Imports in Northern America

In 2021, after four years of growth, there was significant decline in supplies from abroad of powdered, evaporated and condensed milk, when their volume decreased by -24.6% to X tons. In general, imports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 98% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped remarkably in the following year.

In value terms, powdered, evaporated and condensed milk imports reduced markedly to $X in 2021. Over the period under review, imports recorded a mild setback. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year. As a result, imports attained the peak of $X, and then fell dramatically in the following year.

Imports by Country

The United States was the major importer of powdered, evaporated and condensed milk in Northern America, with the volume of imports finishing at X tons, which was approx. 83% of total imports in 2021. It was distantly followed by Canada (X tons), committing a 16% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to powdered, evaporated and condensed milk imports into the United States stood at -1.5%. At the same time, Canada (+1.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +1.3% from 2012-2021. While the share of Canada (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-3.2 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported powdered, evaporated and condensed milk in Northern America, comprising 85% of total imports. The second position in the ranking was held by Canada ($X), with a 14% share of total imports.

In the United States, powdered, evaporated and condensed milk imports plunged by an average annual rate of -1.4% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by 10% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 78% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.1%).

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for powdered, evaporated and condensed milk in Northern America?
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The United States remains the largest powdered, evaporated and condensed milk consuming country in Northern America, accounting for 89% of total volume. Moreover, powdered, evaporated and condensed milk consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, eightfold.
What are the largest producers of powdered, evaporated and condensed milk in Northern America?
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The country with the largest volume of powdered, evaporated and condensed milk production was the United States, comprising approx. 93% of total volume. Moreover, powdered, evaporated and condensed milk production in the United States exceeded the figures recorded by the second-largest producer, Canada, more than tenfold.
What are the leading exporters of powdered, evaporated and condensed milk in Northern America?
+
In value terms, the United States remains the largest powdered, evaporated and condensed milk supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada, with a 2% share of total exports.
What are the leading importers of powdered, evaporated and condensed milk in Northern America?
+
In value terms, the United States constitutes the largest market for imported powdered, evaporated and condensed milk in Northern America, comprising 85% of total imports. The second position in the ranking was held by Canada, with a 14% share of total imports.
What is the average export price for powdered, evaporated and condensed milk in Northern America?
+
The export price in Northern America stood at $2,805 per ton in 2021, rising by 13% against the previous year.
What is the average import price for powdered, evaporated and condensed milk in Northern America?
+
In 2021, the import price in Northern America amounted to $2,561 per ton, with an increase of 10% against the previous year.

This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 897 - Dry Whole Cow Milk
• FCL 898 - Dry Skim Cow Milk
• FCL 889 - Whole Milk, Condensed
• FCL 894 - Whole Milk, Evaporated
• FCL 895 - Skim Milk, Evaporated
• FCL 896 - Skim Milk, Condensed
Country coverage:
• Bermuda
• Greenland
• Saint Pierre and Miquelon

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Northern America, split by region and country
• Trade (exports and imports) in Northern America
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Bermuda
• Canada
• Greenland
• Saint Pierre and Miquelon
• United States
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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