Canada: Value of Milk and Dairy Manufacturing Shipments, by year
in billion CAD
  • Region: Canada
  • Time period: 2012 to 2022
  • Published: 2023

Data Analysis and Insights

Updated: Mar 27, 2024 | Published by: Statistico

Sharp Decline in 2022

The value of milk and dairy manufacturing shipments in Canada saw a sharp decline to 11.10 billion CAD in 2022 from 16.20 billion CAD in 2021, marking the most significant year-over-year drop within the data span.

Peak Value in 2021

In 2021, the industry reached its peak value at 16.20 billion CAD, the highest recorded within the provided timeframe.

Overall Growth Trend Despite Fluctuations

Despite fluctuations, the data indicates an overall growth trend from 14.15 billion CAD in 2012 to 11.10 billion CAD in 2022, with the peak in 2021 highlighting intermittent growth periods.

Average Annual Shifts

The average annual change in value reveals variable fluctuations, with significant year-to-year shifts, including both increases, such as the jump from 2018's 14.75 billion CAD to 2019's 14.80 billion CAD, and decreases, most notably the recent drop from 2021 to 2022.

Consistent Value Before 2022 Dip

Before the 2022 decline, the value of shipments had been relatively stable, consistently hovering around 14 billion CAD, with minor deviations such as the slight decrease from 15.32 billion CAD in 2017 to 14.79 billion CAD in 2016.

Recovery and Decline Cycles

The sector experienced cycles of recovery and decline, with values rebounding in years like 2013, reaching 15.82 billion CAD, and encountering downturns in subsequent periods, exemplified by the decrease to 14.41 billion CAD in 2014.

Frequently Asked Questions

What was the peak value of the industry and when was it reached?

The industry reached its peak value at 16.20 billion CAD in 2021.

Terms and Definitions

Milk is a nutrient-rich liquid that mammals produce to feed their young. In the context of the dairy industry, it is typically produced by cows, and is used as the principle raw ingredient in many dairy products, including cheese, butter, ice cream, and yogurt.

Dairy refers to food items produced from the milk of mammals such as cows, sheep, and goats. They can take the form of liquid milk and milk derivatives like cheese, yogurt, butter, and cream.

Dairy manufacturing shipments refer to the total value of all dairy products that have been transformed from raw milk and sent out for sale by a manufacturer over a certain time period. This includes both domestic and international sales.
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