U.S. - Dairy Produce - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDairy Produce Export in United States Soars 21%, Averaging $511M in March 2023
U.S. Dairy Produce Exports
Dairy produce exports from the United States skyrocketed to 140K tons in March 2023, jumping by 26% against the previous month. In general, exports, however, showed a relatively flat trend pattern.
In value terms, dairy produce exports surged to $511M (IndexBox estimates) in March 2023. Overall, exports, however, showed a relatively flat trend pattern.
| COUNTRY | Export Value of Dairy Produce in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Mexico | 182 | 162 | 180 | 197 | 171 | 202 | 188 | 196 | 197 | 184 | 177 | 169 | 208 |
| Indonesia | 29.9 | 28.4 | 49.4 | 28.7 | 34.8 | 23.0 | 23.1 | 34.8 | 28.4 | 16.1 | 20.1 | 21.8 | 31.1 |
| Canada | 31.1 | 27.3 | 26.0 | 31.7 | 24.8 | 25.3 | 24.3 | 27.0 | 31.1 | 22.8 | 22.2 | 22.4 | 28.7 |
| Australia | 12.7 | 9.8 | 9.6 | 10.7 | 9.5 | 6.4 | 13.9 | 11.9 | 18.2 | 11.3 | 14.6 | 10.0 | 20.4 |
| South Korea | 42.1 | 38.6 | 39.8 | 40.4 | 33.2 | 44.3 | 37.2 | 36.2 | 29.8 | 29.6 | 26.5 | 28.3 | 18.8 |
| Philippines | 43.7 | 56.5 | 48.2 | 32.9 | 45.0 | 37.3 | 35.7 | 31.5 | 33.8 | 29.3 | 34.2 | 27.1 | 17.6 |
| Japan | 22.6 | 23.1 | 25.5 | 21.6 | 15.0 | 15.6 | 18.6 | 23.3 | 20.5 | 20.7 | 20.6 | 17.3 | 17.4 |
| Colombia | 9.7 | 10.8 | 10.6 | 9.5 | 12.6 | 10.2 | 8.3 | 8.1 | 13.4 | 20.4 | 12.0 | 8.8 | 16.4 |
| China | 17.8 | 24.7 | 16.7 | 27.6 | 24.9 | 16.3 | 18.2 | 15.7 | 17.7 | 18.3 | 10.4 | 13.3 | 14.5 |
| Dominican Republic | 8.4 | 9.4 | 12.9 | 13.8 | 13.0 | 12.1 | 8.3 | 12.5 | 9.8 | 6.3 | 7.6 | 8.4 | 10.5 |
| Taiwan (Chinese) | 10.1 | 7.6 | 13.7 | 10.5 | 11.9 | 11.0 | 9.0 | 6.7 | 6.1 | 6.5 | 10.7 | 6.1 | 10.3 |
| Vietnam | 23.2 | 18.7 | 24.2 | 10.2 | 5.0 | 3.4 | 6.8 | 14.9 | 11.1 | 6.5 | 3.9 | 4.0 | 9.9 |
| Malaysia | 26.5 | 25.7 | 30.0 | 19.2 | 14.6 | 10.2 | 7.6 | 9.6 | 6.3 | 7.4 | 12.4 | 8.9 | 9.2 |
| Others | 99.7 | 104 | 116 | 123 | 106 | 119 | 84.8 | 94.0 | 97.3 | 83.3 | 84.9 | 76.0 | 98.8 |
| Total | 560 | 547 | 603 | 577 | 521 | 536 | 484 | 522 | 521 | 463 | 457 | 422 | 511 |
Exports by Country
Mexico (60K tons) was the main destination for dairy produce exports from the United States, with a 43% share of total exports. Moreover, dairy produce exports to Mexico exceeded the volume sent to the second major destination, Indonesia (9.1K tons), sevenfold. Canada (7.8K tons) ranked third in terms of total exports with a 5.6% share.
From March 2022 to March 2023, the average monthly rate of growth in terms of volume to Mexico totaled +2.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Indonesia (+0.4% per month) and Canada (-0.7% per month).
In value terms, Mexico ($208M) remains the key foreign market for dairy produce exports from the United States, comprising 41% of total exports. The second position in the ranking was taken by Indonesia ($31M), with a 6.1% share of total exports. It was followed by Canada, with a 5.6% share.
From March 2022 to March 2023, the average monthly growth rate of value to Mexico amounted to +1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Indonesia (+0.4% per month) and Canada (-0.7% per month).
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Exports by Type
Powdered milk (80K tons), cheese (42K tons) and whole fresh milk (6.3K tons) were the main products of dairy produce exports from the United States, together comprising 91% of total exports. Yoghurt and fermented milk, butter and dairy spreads, evaporated and condensed milk, ghee, skim milk and cream fresh lagged somewhat behind, together accounting for a further 9%.
From March 2022 to March 2023, the biggest increases were in yoghurt and fermented milk (with a CAGR of +2.9%), while shipments for the other products experienced more modest paces of growth.
In value terms, powdered milk ($240M), cheese ($219M) and butter and dairy spreads ($17M) were the most exported types of dairy produce from the United States worldwide, together comprising 93% of total exports. Yoghurt and fermented milk, whole fresh milk, evaporated and condensed milk, cream fresh, skim milk and ghee lagged somewhat behind, together comprising a further 7%.
Yoghurt and fermented milk, with a CAGR of +3.1%, recorded the highest growth rate of the value of exports, among the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.
Export Prices by Country
In March 2023, the dairy produce price stood at $3,646 per ton (FOB, US), shrinking by -3.5% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 2.9% m-o-m. Over the period under review, the average export prices reached the maximum at $4,190 per ton in August 2022; however, from September 2022 to March 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In March 2023, the country with the highest price was Japan ($5,147 per ton), while the average price for exports to Taiwan (Chinese) ($2,283 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the dairy produce 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 2030.
Product coverage:
- FCL 888 - Skim Milk of Cows
- FCL 1130 - Camel milk
- FCL 882 - Cow milk, whole (fresh)
- FCL 1020 - Goat milk
- FCL 982 - Sheep milk
- FCL 951 - Buffalo milk
- FCL 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
- FCL 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
- FCL 891 - Yoghurt
- FCL 983 - Butter and Ghee of Sheep Milk
- FCL 1022 - Butter of Goat Milk
- FCL 952 - Butter of Buffalo Milk
- FCL 886 - Butter of Cow Milk
- FCL 887 - Ghee from Cow Milk
- FCL 953 - Ghee, from Buffalo Milk
- FCL 901 - Cheese from Whole Cow Milk
- FCL 904 - Cheese from Skimmed Cow Milk
- FCL 905 - Whey Cheese
- FCL 907 - Processed Cheese
- FCL 955 - Cheese of Buffalo Milk
- FCL 984 - Cheese of Sheep Milk
- FCL 1021 - Cheese of Goat Milk
- FCL 885 - Cream, Fresh
- FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
- FCL 899 - Dry Buttermilk
- FCL 892 - Yoghurt, Concentrated or Unconcent
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
