Northern America: Skim Milk Market 2024

Skim Milk Market Size in Northern America

The North American skim milk market dropped to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Skim Milk Production in Northern America

In value terms, skim milk production fell significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The United States (X tons) constituted the country with the largest volume of skim milk production, accounting for X% of total volume. Moreover, skim milk production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), fivefold.

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

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Skim Milk Exports

Exports in Northern America

In 2022, the amount of skim milk exported in Northern America expanded sharply to X tons, picking up by X% on 2021. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, skim milk exports reduced sharply to $X in 2022. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell remarkably in the following year.

Exports by Country

The United States dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Canada (X tons), comprising an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to skim milk 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 ($X) remains the largest skim milk supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, skim milk exports increased 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, shrinking by X% against the previous year. Overall, the export price saw a noticeable curtailment. The growth pace was the most rapid in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

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

Skim Milk Imports

Imports in Northern America

In 2022, supplies from abroad of skim milk increased by X% to X tons, rising for the fifth consecutive year after two years of decline. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, skim milk imports contracted dramatically to $X in 2022. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Canada represented the largest importing country with an import of about X tons, which finished at X% of total imports. Greenland (X tons) took the second position in the ranking, followed by the United States (X tons). All these countries together took near X% share of total imports. Bermuda (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to skim milk imports into Canada stood at X%. At the same time, the United States (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. Greenland experienced a relatively flat trend pattern. By contrast, Bermuda (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada and the United States increased by X and X percentage points, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to X%. In the other countries, the average annual rates were as follows: Canada (X% per year) and Greenland (X% per year).

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, reducing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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