Concentrated not sweetened milk and cream market in Northern America

Earlier Report Observations

The market for concentrated not sweetened milk and cream in Northern America saw a substantial increase in physical volume, rising from 248.5 thousand tons in 2018 to 314.0 thousand tons in 2020, representing growth of over 26%. This expansion was followed by a steady contraction in volume, which fell to 275.4 thousand tons by 2023.

In value terms, the market displayed a different trajectory, with its size climbing consistently from $345.8 million in 2018 to a peak of $517.3 million in 2022. This upward trend was abruptly reversed in 2023, when the market's value dropped sharply by nearly 30% to $363.5 million.

Production concentrated not sweetened milk and cream in Northern America

In kind, 2017-2020, K t

Top producers of concentrated not sweetened milk and cream, 2017-2020

World map of production of concentrated not sweetened milk and cream, 2017-2020

Production of concentrated unsweetened milk and cream in Northern America has grown for the third consecutive year. In 2020, output reached 313.3 thousand tonnes, marking a substantial increase of 22.3% compared to 2019. Looking at the period from 2017 to 2020, production rose by 36.6%, which translates to an average annual growth rate of 11.0%.

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

In value, 2017-2020, M $ US

The value of concentrated unsweetened milk and cream production in Northern America increased for the second year in a row. In 2020, production was valued at 499.8 million US dollars, reflecting a sharp rise of 25.2% from the previous year. From 2017 to 2020, the value grew by 35.7%, equivalent to an annualized rate of 10.7%. The lowest value was recorded in 2018 at 345.0 million US dollars, which also saw the largest decline of 6.3%.

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

Exports concentrated not sweetened milk and cream from Northern America

Exports in kind, t

Market performance showed noticeable fluctuations during this period. Exports reached their lowest point in 2017 and peaked in 2018, with a 3.7-fold difference between these years. In 2020, shipments from Northern America to abroad amounted to 128 tonnes, down 20.1% from 2019. The highest volume was recorded in 2018 at 222 tonnes. The largest decline occurred in 2019 at 27.7%, while the largest increase was in 2018 at 272.2%.

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

From 2017 to 2020, there was no single dominant market for concentrated unsweetened milk and cream exports from Northern America. The Bahamas accounted for 18.7% of exports in kind, Saint Lucia for 4.7%, and France for 3.3%, together making up only 26.8% of total exports. Many smaller partners each held modest individual shares.

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

Market behavior was characterized by volatility during these years. Export values fluctuated 3.2 times between the low in 2017 and the high in 2018. In 2020, Northern America exported 204 thousand US dollars worth of concentrated unsweetened milk and cream, representing a strong drop of 18.2% from the previous year. The maximum value was recorded in 2018 at 308 thousand US dollars. The largest decline occurred in 2019 at 19.0%, while the largest increase was in 2018 at 222.2%.

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

During 2017–2020, exports in value terms of concentrated unsweetened milk and cream from Northern America were distributed across a large number of markets. The Bahamas accounted for 10.0% of exports in value terms, Saint Lucia for 2.5%, and France for 1.6%, jointly representing only 14.1% of total flows.

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 not sweetened milk and cream to Northern America

Imports in kind, t

Imports of concentrated unsweetened milk and cream into Northern America increased for the second consecutive year. In 2020, imports totaled 862 tonnes, showing a modest rise of 5.6% year-over-year. Between 2017 and 2020, imports grew by 18.8%, equating to an annualized rate of 5.9%. The minimum volume was recorded in 2018 at 697 tonnes, which also saw the largest decline of 4.0%. The largest increase occurred in 2019 at 17.1%.

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

From 2017 to 2020, Belgium and Germany remained the top markets for imports in kind of concentrated unsweetened milk and cream to Northern America, together accounting for 3.6% of total 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, the value of concentrated unsweetened milk and cream imports into Northern America stood at 1 497 thousand US dollars, down 6.3% year-over-year. Between 2017 and 2020, imports increased by 25%, equivalent to an annualized rate of 7.7%. The minimum value was recorded in 2018 at 1 154 thousand US dollars, while the maximum was in 2019 at 1 598 thousand US dollars. The largest increase occurred in 2019 at 38.5%.

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

From 2017 to 2020, concentrated unsweetened milk and cream was supplied to Northern America from a broad set of markets. Belgium accounted for 3.5% of imports in value terms, the Netherlands for 1.2%, and Peru for 0.9%, together making up only 5.6% of total imports. Many smaller destinations comprised the remaining 94.4%.

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

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