Concentrated or sweetened milk and cream market in Americas

Earlier Report Observations

The market for concentrated or sweetened milk and cream in the Americas, measured in volume, grew from 6.5 million tons in 2018 to a high of 7.2 million tons in 2020. After this peak, the market volume gradually moderated, ending the period at 6.9 million tons in 2023.

In value terms, the market experienced a stronger expansion, rising from $20.0 billion in 2018 to a peak of $29.7 billion in 2020. Despite a subsequent contraction in physical volume, the market value remained elevated at $27.2 billion in 2023, reflecting substantial price increases or a shift toward higher-value product segments.

Production concentrated or sweetened milk and cream in Americas

In kind, 2017-2020, K t

Top producers of concentrated or sweetened milk and cream, 2017-2020

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

Production of concentrated or sweetened milk and cream in the Americas has increased for the third consecutive year. In 2020, the region produced 6 777 thousand tons, marking a 2.3% rise from the previous year. Over the 2017-2020 period, production grew by 3.8%, with an average annual growth rate of 1.3%.

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

In value, 2017-2020, M $ US

The value of concentrated or sweetened milk and cream production in the Americas rose for the second consecutive year. In 2020, output was valued at 28 854 million US dollars, representing a sharp increase of 26.2% compared to 2019. Between 2017 and 2020, production value increased by 33.3%, equating to an annualized growth rate of 10.1%. The lowest value was recorded in 2018 at 19 394 million US dollars, which also saw the largest decline of 10.4%.

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

Exports concentrated or sweetened milk and cream from Americas

Exports in kind, K t

Export volumes of concentrated or sweetened milk and cream from the Americas declined for the second consecutive year. In 2020, exports totaled 340.0 thousand tons, a decrease of 7.9% from the previous year. Over the 2017-2020 period, exports fell by 13%, with an average annual decline of 4.5%. The peak was reached in 2018 at 499.8 thousand tons, which also saw the largest increase of 27.9%. The largest decline occurred in 2019, dropping by 26.1%.

Annual dynamics of product's exports from Americas in kind, 2017-2020, K t

From 2017 to 2020, exports of concentrated or sweetened milk and cream from the Americas were not heavily concentrated on a few key markets. Algeria accounted for 23.4% of exports, Russia for 2.9%, and China for 2.6%, with these three countries together representing only 28.9% of total export flows.

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

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

Exports in value, M $ US

In 2020, the Americas exported 1 448 million US dollars worth of concentrated or sweetened milk and cream, showing a robust increase of 13.6% from 2019. Over the 2017-2020 period, export value grew by 11.7%, with an average annual growth rate of 3.8%. The lowest value was recorded in 2019 at 1 275 million US dollars, which also saw the largest decline of 13.6%. The peak occurred in 2018 at 1 475 million US dollars, with the largest increase of 13.8%.

Annual dynamics of product's exports from Americas in value, 2017-2020, M $ US

Between 2017 and 2020, no single market dominated the export value of concentrated or sweetened milk and cream from the Americas. Algeria accounted for 26.8% of exports, Russia for 3.3%, and China for 3.0%, with these three countries together making up only 33.1% of total export value. The remaining 66.9% was distributed among many smaller partners, each with modest individual shares.

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

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

Imports concentrated or sweetened milk and cream to Americas

Imports in kind, K t

The import market for concentrated or sweetened milk and cream in the Americas showed volatility over the observed period. Import volumes reached their lowest point in 2019 at 391.3 thousand tons and peaked in 2020 at 719.7 thousand tons, representing a 1.8-fold increase from the bottom to the top. In 2020, imports surged by 83.9% compared to 2019. The largest decline was recorded in 2018, falling by 14.8%.

Annual dynamics of product's imports to Americas in kind, 2017-2020, K t

From 2017 to 2020, New Zealand, the Netherlands, and Germany were the largest suppliers of concentrated or sweetened milk and cream to the Americas, accounting for 6.4%, 3.2%, and 2.0% of imports in kind, respectively. However, their combined contribution was limited to 11.6% of total imports, reflecting a diversified supplier structure.

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

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

Imports in value, M $ US

In 2020, the value of concentrated or sweetened milk and cream imports into the Americas amounted to 2 277 million US dollars, showing a strong increase of 11.5% from the previous year. Over the 2017-2020 period, import value grew by 12.9%, with an average annual growth rate of 4.1%. The largest decline occurred in 2019, dropping by 3.0%.

Annual dynamics of product's imports to Americas in value, 2017-2020, M $ US

Between 2017 and 2020, the import partner landscape for concentrated or sweetened milk and cream in the Americas was broad. New Zealand accounted for 8.2% of imports in value terms, the Netherlands for 3.6%, and Germany for 1.8%, with these three countries together forming only 13.6% of total import flows. The remaining 86.4% came from many other countries, indicating a highly diversified sourcing structure.

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

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