U.S. - Dairy Spreads - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDairy Spread Price in the United States - 2023
Contents:
- Dairy Spread Price in the United States (CIF) - 2023
- Dairy Spread Price in the United States (FOB) - 2022
- Dairy Spread Imports in the United States
- Dairy Spread Exports in the United States
Dairy Spread Price in the United States (CIF) - 2023
The average dairy spread import price stood at $9,281 per ton in June 2023, growing by 7.6% against the previous month. Over the period from July 2022 to June 2023, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in August 2022 when the average import price increased by 34% month-to-month. As a result, import price reached the peak level of $10,177 per ton. From September 2022 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($11,985 per ton), while the price for Serbia ($4,953 per ton) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Dairy Spread Price in the United States (FOB) - 2022
In 2022, the average dairy spread export price amounted to $2,211 per ton, falling by -13.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $2,576 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($6,051 per ton), while the average price for exports to the Philippines ($1,764 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Dairy Spread Imports in the United States
In 2022, dairy spread imports into the United States skyrocketed to 1.3K tons, jumping by 34% against the previous year's figure. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, dairy spread imports skyrocketed to $10M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Dairy Spread in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 2.3 | 2.7 | 3.8 | 7.6 | 48.9% |
| Brazil | 0.1 | 0.8 | 1.0 | 1.3 | 135.1% |
| India | 0.1 | 0.8 | 0.7 | 0.8 | 100.0% |
| Bangladesh | 0.1 | 0.4 | 0.3 | 0.2 | 26.0% |
| Argentina | N/A | N/A | N/A | 0.2 | 0% |
| Belgium | 1.4 | 1.2 | 0.7 | N/A | -29.3% |
| Others | 1.5 | 0.2 | 0.3 | 0.2 | -48.9% |
| Total | 5.5 | 6.1 | 6.8 | 10.3 | 23.3% |
Top Suppliers of Dairy Spread to the United States in 2022:
- Ireland (862.9 tons)
- Brazil (193.2 tons)
- India (118.6 tons)
- Argentina (86.1 tons)
- Bangladesh (21.0 tons)
Dairy Spread Exports in the United States
After two years of decline, overseas shipments of dairy spreads increased by 175% to 334 tons in 2022. Over the period under review, exports, however, saw a abrupt setback.
In value terms, dairy spread exports surged to $738K in 2022. In general, exports, however, recorded a abrupt curtailment.
| Export of Dairy Spread in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bermuda | 93.7 | 54.0 | 80.3 | 92.0 | -0.6% |
| Dominican Republic | 121 | 56.5 | 81.0 | 89.0 | -9.7% |
| South Korea | 31.3 | 44.1 | N/A | 83.8 | 38.9% |
| France | N/A | N/A | N/A | 72.3 | 0% |
| China | N/A | N/A | N/A | 60.0 | 0% |
| Japan | N/A | N/A | N/A | 60.0 | 0% |
| Bahamas | N/A | N/A | N/A | 59.1 | 0% |
| Iceland | N/A | N/A | 24.0 | 41.4 | 72.5% |
| Philippines | N/A | N/A | N/A | 37.5 | 0% |
| Mexico | 8.3 | N/A | 64.7 | 34.5 | 60.8% |
| United Arab Emirates | 91.0 | 33.5 | 5.1 | N/A | -76.3% |
| Indonesia | 190 | N/A | N/A | N/A | 0% |
| Israel | 152 | N/A | N/A | N/A | 0% |
| Others | 408 | 385 | 54.4 | 108 | -35.8% |
| Total | 1,095 | 573 | 309 | 738 | -12.3% |
Top Export Markets for Dairy Spread from the United States in 2022:
- South Korea (42.4 tons)
- France (39.1 tons)
- China (32.4 tons)
- Japan (32.4 tons)
- Dominican Republic (28.9 tons)
- Bermuda (28.8 tons)
- Bahamas (25.6 tons)
- Iceland (22.4 tons)
- Philippines (21.3 tons)
- Mexico (18.6 tons)
This report provides an in-depth analysis of the dairy spread 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:
- Prodcom 10513070 - Dairy spreads of a fat content by weight < .80 %
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
-
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
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This report provides an in-depth analysis of the dairy spread market in the U.S..
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248
In terms of value, imports of Dairy Spread decreased to $2M in May 2023.
360
In February 2023, the price of butter and ghee per ton (CIF, US) was $7,599, a 15% increase from the previous month.
406
In July 2022, the butter price per ton amounted to $8,535 per ton, which is down by less than 0.1% against the previous month.
832
In May 2022, the butter price per ton amounted to $6,839 per ton, surging by 9.6% against the previous month.
1743
The average price for Grade AA butter in the U.S. amounted to $2.02 per pound on December 11, 2021, increasing by 40% from the same period last year. Reducing milk cow herd, labour shortage, and the rising packaging materials costs constrain production growth, leading to insufficient supply in the market that results in the butter price surge. Demand for butter typically picks in Q4, when Americans consume more holiday cookies and other traditional dishes. In December, butter prices picked up 3.7% compared to the figures a month earlier.
268
In value terms, dairy produce exports surged to $511M in March 2023.
7841
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
2832
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
6325
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
6772
In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
