Overview of the Market for Unsweetened Condensed And Evaporated Milk in Canada
In value terms, unsweetened condensed and evaporated milk production skyrocketed to $ in 2019 estimated in export prices. In general, production continues to indicate a prominent expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.
The size of the market for condensed or evaporated milk (unsweetened) in Canada surged to $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2010 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.