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Northern America - Cream - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNorthern America: Cream Market 2021
Cream Market Size in Northern America
The North American cream market contracted slightly to $X in 2020, flattening at the previous year. In general, consumption recorded prominent growth. The pace of growth appeared the most rapid in 2014 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2019, and then dropped modestly in the following year.
Cream Production in Northern America
In value terms, cream production dropped to $X in 2020 estimated in export prices. Overall, production showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2019, and then declined slightly in the following year.
Production By Country in Northern America
The U.S. (X tons) remains the largest cream producing country in Northern America, comprising approx. X% of total volume. Moreover, cream production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tons), sevenfold.
In the U.S., cream production expanded at an average annual rate of +X% over the period from 2007-2020.
Cream Exports
Exports in Northern America
In 2020, overseas shipments of cream decreased by -X% to X tons, falling for the tenth year in a row after two years of growth. Over the period under review, exports faced a sharp contraction. The pace of growth appeared the most rapid in 2009 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2010; however, from 2011 to 2020, exports failed to regain the momentum.
In value terms, cream exports contracted slightly to $X in 2020. Overall, exports faced a deep contraction. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2010 to 2020, the growth exports remained at a lower figure.
Exports by Country
In 2020, Canada (X tons) was the main exporter of cream, committing X% of total exports. It was distantly followed by the U.S. (X tons), committing a X% share of total exports.
Canada was also the fastest-growing in terms of the cream exports, with a CAGR of -X% from 2007 to 2020. the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Canada increased by +X% percentage points, while the U.S. (-X p.p.) saw their share reduced.
In value terms, Canada ($X) remains the largest cream supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports.
In Canada, cream exports shrank by an average annual rate of -X% over the period from 2007-2020.
Export Prices by Country
The cream export price in Northern America stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2012 when the export price increased by X% year-to-year. Over the period under review, export prices attained the peak figure in 2020 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Canada ($X per ton), while the U.S. amounted to $X per ton.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.
Cream Imports
Imports in Northern America
In 2020, approx. X tons of cream were imported in Northern America; rising by X% compared with 2019 figures. Over the period under review, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. The volume of import peaked in 2020 and is expected to retain growth in years to come.
In value terms, cream imports expanded notably to $X in 2020. Total imports indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2009 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
Canada dominates cream imports structure, reaching X tons, which was near X% of total imports in 2020. It was distantly followed by Greenland (X tons), constituting a X% share of total imports. The U.S. (X tons) followed a long way behind the leaders.
Canada was also the fastest-growing in terms of the cream imports, with a CAGR of +X% from 2007 to 2020. At the same time, Greenland (+X%) displayed positive paces of growth. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Canada increased by +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Canada ($X) constitutes the largest market for imported cream in Northern America, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.
From 2007 to 2020, the average annual growth rate of value in Canada stood at +X%. In the other countries, the average annual rates were as follows: the U.S. (-X% per year) and Greenland (+X% per year).
Import Prices by Country
In 2020, the cream import price in Northern America amounted to $X per ton, waning by -X% against the previous year. Overall, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2011 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($X per ton), while Canada ($X per ton) was amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the cream market in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
- Prodcom 10511210 - Milk and cream of a fat content by weight of > 6 % but . .21 %, n ot concentrated nor containing added sugar or other sweetening matter, in immediate packings of . 2 l
- Prodcom 10511220 - Milk and cream of a fat content by weight of > 6 % but . .21 %, n ot concentrated nor containing added sugar or other sweetening matter, in immediate packings of > 2 l
- Prodcom 10511230 - Milk and cream of a fat content by weight of > .21 %, not concentrated nor containing added sugar or other sweetening matter, in immediate packings of . 2 l
- Prodcom 10511240 - Milk and cream of a fat content by weight of > .21 %, not concentrated nor containing added sugar or other sweetening matter, in immediate packings of > 2 l
Country coverage:
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Northern America, split by region and country
- Trade (exports and imports) in Northern America
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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