Concentrated or sweetened milk and cream market in Northern America

Earlier Report Observations

The market volume for concentrated or sweetened milk and cream in Northern America expanded steadily from 3 389 thousand tonnes in 2018 to 3 561 thousand tonnes in 2021. This growth was primarily fueled by surging demand for these products in desserts like caramel pudding, coupled with consumer preference for high-quality condensed milk.

Supply chain disruptions and adverse climate conditions in 2022 led to milk price volatility and a sharp rise in food prices, which reduced affordability and caused the market volume to drop to 3 410 thousand tonnes. These challenges affected production profitability and consumer purchasing decisions.

A recovery to 3 467 thousand tonnes occurred in 2023, driven by persistent home cooking and baking trends, the rise of café culture, and the introduction of innovative products like plant-based and lactose-free sweetened condensed milk. The expansion of the bakery and confectionery industries continued to support demand.

Production concentrated or sweetened milk and cream in Northern America

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

Northern America's production of concentrated or sweetened milk and cream has increased for the second year in a row. In 2020, the region produced 3 554 thousand tons, marking a 2.2% rise from the previous year. Looking at the period from 2017 to 2020, production grew by 2.4%, which translates to an average annual increase of 0.8%. The lowest production level was in 2018, at 3 452 thousand tons, when output fell by 0.6%.

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

In value, 2017-2020, M $ US

Northern America's production of concentrated or sweetened milk and cream has risen for the second consecutive year. In 2020, the output was valued at 8 400 million US dollars, a 9.6% increase compared to 2019. Over the 2017-2020 period, production grew by 30.2%, with an average annual growth rate of 9.2%. The lowest value was recorded in 2018 at 5 924 million US dollars, when production declined by 8.1%. The largest increase occurred in 2019, with a jump of 29.4%.

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

Exports concentrated or sweetened milk and cream from Northern America

Exports in kind, t

Northern America's exports of concentrated or sweetened milk and cream have declined for the third year in a row. In 2020, the region exported 40 663 tons, which is 16.1% lower than in 2019. From 2017 to 2020, exports dropped by 44.4%, with an average annual decrease of 17.8%.

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

Between 2017 and 2020, Northern America's exports of concentrated or sweetened milk and cream were distributed across a wide range of partners. Algeria accounted for 20.7% of exports in volume, Egypt for 16.8%, and the Philippines for 7.4%. Together, these three countries represented 44.9% of total exports, with the remaining 55.1% going to many other destinations.

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, M $ US

Northern America's exports of concentrated or sweetened milk and cream have fallen for the third consecutive year. In 2020, export value stood at 96.1 million US dollars, down 10.0% from the previous year. Over the 2017-2020 period, exports decreased by 29.3%, with an average annual decline of 10.9%.

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

From 2017 to 2020, Algeria, Egypt, and the Philippines were key buyers of concentrated or sweetened milk and cream from Northern America in value terms. Algeria made up 20.2% of exports, Egypt 17.5%, and the Philippines 7.4%. Combined, they accounted for 45.1% of total export value, while the other 54.9% was spread among numerous other partners.

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 or sweetened milk and cream to Northern America

Imports in kind, t

After two years of decline, Northern America's imports of concentrated or sweetened milk and cream increased in 2020. Imports reached 2 773 tons, up 10.3% from 2019. However, over the 2017-2020 period, imports fell by 75.5%, with an average annual decrease of 37.4%. The lowest import volume was in 2019 at 2 515 tons, following a sharp drop of 56.0% in 2018.

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

Between 2017 and 2020, New Zealand, Denmark, and Austria were the main suppliers of concentrated or sweetened milk and cream to Northern America in volume terms. New Zealand contributed 2.1% of imports, Denmark 1.4%, and Austria 0.8%. Together, they accounted for 4.3% of total imports, with the rest coming from various other sources.

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, M $ US

Northern America's imports of concentrated or sweetened milk and cream have declined for the third year in a row. In 2020, imports totaled 14.4 million US dollars, a decrease of 4.3% compared to 2019. Over the 2017-2020 period, imports fell by 15.5%, with an average annual decline of 5.5%.

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

From 2017 to 2020, Denmark, New Zealand, and Austria were the leading sources for Northern America's imports of concentrated or sweetened milk and cream in value terms. Denmark accounted for 3.9% of imports, New Zealand for 2.4%, and Austria for 0.6%. Combined, they represented 6.9% of total import value, with the remaining 93.1% sourced from many other countries.

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

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