Northern America: Skim Powdered Milk Market 2024

Skim Powdered Milk Market Size in Northern America

The North American skim powdered milk market skyrocketed to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a drastic downturn. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Skim Powdered Milk Production in Northern America

In value terms, skim powdered milk production rose to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Skim Powdered Milk Exports

Exports in Northern America

After two years of growth, shipments abroad of skim powdered milk decreased by X% to X tons in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its volume 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, exports increased by X% against 2012 indices. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank modestly in the following year.

In value terms, skim powdered milk exports soared to $X in 2022. Overall, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

The United States prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. Canada (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to skim powdered 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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

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

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 pronounced growth. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably 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 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%).

Skim Powdered Milk Imports

Imports in Northern America

In 2022, overseas purchases of skim powdered milk decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, skim powdered milk imports rose to $X in 2022. In general, imports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) was the major importer of skim powdered milk, creating X% of total imports. It was distantly followed by the United States (X tons), comprising a X% share of total imports. Bermuda (X tons) followed a long way behind the leaders.

Canada was also the fastest-growing in terms of the skim powdered milk imports, with a CAGR of X% from 2012 to 2022. The United States (X%) and Bermuda (X%) illustrated a downward trend over the same period. Canada (X p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Canada totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (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, rising by X% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price 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, skim powdered milk import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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