U.S. - Lactose And Lactose Syrup - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
The U.S. Lactose Export Prices Soar
IndexBox has just published a new report: 'U.S. - Lactose And Lactose Syrup - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
The U.S. remain the leading supplier of lactose and lactose syrup with a 36%-share in the global exports. While the volume of lactose shipments from the U.S. was almost unchanged from the previous year, exports in value terms jumped by 8% to $396, as the average exports price has significantly risen. Despite the trade tensions, China remains the key importer of lactose from the U.S., followed by New Zealand and Japan.
Exports from the U.S. by Country
The U.S. remain the largest exporter of lactose and lactose syrup worldwide, accounting for 36% of the global exports. In 2020, lactose exports from the U.S. fell modestly to 379K tonnes, standing approx. at the year before. In value terms, lactose exports expanded rapidly by +8.2% to $396M (IndexBox estimates) in 2020.
In 2020, the average lactose export price amounted to $1,045 per tonne, with an increase of +8.3% against the previous year. There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Canada ($1,314 per tonne), while the average price for exports to Viet Nam ($857 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam, while the prices for the other major destinations experienced more modest paces of growth.
China (69K tonnes), New Zealand (46K tonnes) and Japan (42K tonnes) were the main destinations of lactose exports from the U.S., together comprising 41% of total exports. Mexico, Indonesia, Viet Nam, the Philippines, South Korea, India, Singapore, Thailand, Canada and Brazil lagged somewhat behind, together accounting for a further 46%.
In 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand, while exports for the other leaders experienced more modest paces of growth.
In value terms, China ($74M), New Zealand ($48M) and Japan ($41M) were the largest markets for lactose exported from the U.S. worldwide, together accounting for 41% of total exports. Mexico, Indonesia, South Korea, India, the Philippines, Viet Nam, Thailand, Singapore, Canada and Brazil lagged somewhat behind, together comprising a further 44%.
Source: IndexBox Platform
This report provides an in-depth analysis of the lactose market in the U.S.. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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