Concentrated milk and cream market in Northern America

Earlier Report Observations

Market volume for concentrated milk and cream in Northern America gradually declined from 1 077 тыс. т in 2018 to 1 015 тыс. т in 2022, before rebounding to 1 061 тыс. т in 2023. The recovery in volume during 2023 was primarily driven by increased demand for concentrated milk fat from the ice cream, bakery dessert, and dairy dessert production sectors.

Market value demonstrated strong and consistent growth over the period, rising from $1 859 млн in 2018 to $2 556 млн in 2023. This increase in value occurred despite volume fluctuations, supported by the launch of premium concentrated dairy products and a sustained consumer shift toward organic and clean-label offerings.

Specific product innovations, such as the July 2018 launch of a milk fat concentrate by Keynote Dairy Corporation targeting the Southeast Asian foodservice channel, contributed to market activity. Regulatory changes also played a role, with Mexico's 2023 anti-inflation decrees allowing duty-free imports of certain dairy products affecting regional market access.

Production concentrated milk and cream in Northern America

In kind, 2017-2020, K t

Top producers of concentrated milk and cream, 2017-2020

World map of production of concentrated milk and cream, 2017-2020

Concentrated milk and cream production in Northern America declined for the third consecutive year. In 2020, production reached 1 068 thousand tonnes, showing only a marginal fluctuation compared to the previous year.

Annual dynamics of production in Northern America in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, the output of concentrated milk and cream in Northern America was valued at 1 897 million US dollars, marking a slight decline of 2.0% from the previous year. Over the period from 2017 to 2020, production decreased by 3.8%, with a compound annual growth rate of -1.3%. The lowest value was recorded in 2018 at 1 859 million US dollars, which also saw the largest decline of 5.7%. In contrast, 2019 experienced the largest increase of 4.1%.

Annual dynamics of production in Northern America in value, 2017-2020, M $ US

Exports concentrated milk and cream from Northern America

Exports in kind, t

Exports of concentrated milk and cream from Northern America declined for the second consecutive year. In 2020, exports totaled 425 tonnes, representing a steep fall of 31.5% compared to the previous year. Between 2017 and 2020, exports decreased by 16.9%, equating to an annualized rate of -6.0%. The highest volume was recorded in 2018 at 709 tonnes, which also saw the largest increase of 38.7%.

Annual dynamics of product's exports from Northern America in kind, 2017-2020, t

From 2017 to 2020, the Bahamas, China, and the Philippines were notable buyers of concentrated milk and cream from Northern America, accounting for 5.5%, 4.2%, and 1.8% of exports in kind, respectively. However, their combined share reached only 11.4% of total exports, with the remaining 88.6% distributed among numerous other partners.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Northern America in kind, 2017-2020

Exports in value, K $ US

Cross-border shipments of concentrated milk and cream from Northern America declined for the second consecutive year. In 2020, export value registered 754 thousand US dollars, marking a sharp loss of 32.6% versus the previous year. Between 2017 and 2020, exports decreased by 18.6%, equating to an annualized rate of -6.6%. The maximum value was recorded in 2018 at 1 223 thousand US dollars, which also saw the largest increase of 32.0%.

Annual dynamics of product's exports from Northern America in value, 2017-2020, K $ US

The partner structure of exports in value terms from 2017 to 2020 remained fragmented. China, the Bahamas, and the Philippines accounted for 3.7%, 2.6%, and 1.0% of exports in value terms, respectively, together making up only 7.3% of total flows, with no single country achieving a dominant share.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Northern America in value, 2017-2020

Imports concentrated milk and cream to Northern America

Imports in kind, t

Northern America's imports of concentrated milk and cream increased for the third consecutive year. In 2020, imports reached approximately 894 tonnes, representing a moderate advance of 3.3% compared to the previous year. Over the period from 2017 to 2020, imports increased by 13.6%, with a compound annual growth rate of 4.3%.

Annual dynamics of product's imports to Northern America in kind, 2017-2020, t

From 2017 to 2020, Belgium, Denmark, and the Netherlands consistently remained the main sources for imports in kind, accounting for 2.8%, 1.6%, and 0.8% of imports, respectively. Together, they represented 5.2% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Northern America in kind, 2017-2020

Imports in value, K $ US

In 2020, Northern America's imports of concentrated milk and cream reached 1 746 thousand US dollars, which is 8.0% lower than the previous year. Between 2017 and 2020, imports increased by 21.6%, equating to an annualized rate of 6.7%. The highest value was recorded in 2019 at 1 898 thousand US dollars, which also saw the largest increase of 32.2%.

Annual dynamics of product's imports to Northern America in value, 2017-2020, K $ US

During 2017 to 2020, imports in value terms of concentrated milk and cream to Northern America were spread across a large number of markets. Denmark, Belgium, and the Netherlands accounted for 4.0%, 3.0%, and 1.7% of imports in value terms, respectively, jointly representing only 8.7% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Northern America in value, 2017-2020