U.S. - Lactose And Lactose Syrup - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLactose Price in the United States - 2023
Contents:
- Lactose Price in the United States (FOB) - 2023
- Lactose Price in the United States (CIF) - 2022
- Lactose Exports in the United States
- Lactose Imports in the United States
Lactose Price in the United States (FOB) - 2023
The average lactose export price stood at $876 per ton in September 2023, dropping by -7.4% against the previous month. In general, the export price showed a pronounced setback. The growth pace was the most rapid in October 2022 when the average export price increased by 4% m-o-m. The export price peaked at $1,387 per ton in November 2022; however, from December 2022 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Singapore ($1,488 per ton), while the average price for exports to Vietnam ($635 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+1.6%), while the prices for the other major destinations experienced a decline.
Lactose Price in the United States (CIF) - 2022
In 2022, the average lactose import price amounted to $5,023 per ton, surging by 4.1% against the previous year. Overall, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 an increase of 47%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($11,714 per ton), while the price for China ($1,373 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Lactose Exports in the United States
In 2022, approx. 453K tons of lactose and lactose syrup were exported from the United States; growing by 16% on the previous year. The total export volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, lactose exports skyrocketed to $583M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Lactose in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.3 | 73.6 | 104 | 148 | 35.6% |
| New Zealand | 39.4 | 48.4 | 55.6 | 77.9 | 25.5% |
| Japan | 33.5 | 41.3 | 46.3 | 61.7 | 22.6% |
| Mexico | 44.8 | 35.7 | 42.3 | 43.0 | -1.4% |
| Indonesia | 16.8 | 23.5 | 27.9 | 35.4 | 28.2% |
| Philippines | 14.5 | 16.1 | 17.2 | 23.0 | 16.6% |
| Vietnam | 9.9 | 15.3 | 26.8 | 22.3 | 31.1% |
| South Korea | 16.8 | 18.0 | 21.1 | 18.6 | 3.5% |
| Singapore | 22.2 | 14.4 | 21.3 | 18.5 | -5.9% |
| Thailand | 9.6 | 14.4 | 19.7 | 18.5 | 24.4% |
| Australia | 6.5 | 7.7 | 9.1 | 14.3 | 30.1% |
| South Africa | 6.3 | 4.5 | 8.1 | 11.7 | 22.9% |
| Brazil | 6.5 | 8.8 | 6.0 | 11.6 | 21.3% |
| Others | 79.8 | 73.7 | 73.1 | 79.3 | -0.2% |
| Total | 366 | 395 | 478 | 583 | 16.8% |
Top Export Markets for Lactose from the United States in 2022:
- China (119.2K tons)
- New Zealand (56.6K tons)
- Japan (53.5K tons)
- Mexico (34.8K tons)
- Indonesia (26.4K tons)
- Vietnam (19.2K tons)
- Philippines (17.8K tons)
- South Korea (16.0K tons)
- Singapore (14.5K tons)
- Thailand (14.4K tons)
- Australia (10.4K tons)
- South Africa (9.4K tons)
- Brazil (8.4K tons)
Lactose Imports in the United States
In 2022, the amount of lactose and lactose syrup imported into the United States stood at 3.7K tons, surging by 10% against 2021 figures. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, lactose imports expanded sharply to $19M in 2022. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 55%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Lactose in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.3 | 4.5 | 7.5 | 9.7 | 31.1% |
| Netherlands | 4.3 | 4.3 | 6.6 | 6.8 | 16.5% |
| New Zealand | 0.8 | 0.9 | 1.3 | 1.5 | 23.3% |
| Canada | 1.0 | 0.7 | N/A | 0.1 | -53.6% |
| China | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.3 | 0.1 | 0.8 | 0.6 | 26.0% |
| Total | 10.8 | 10.5 | 16.3 | 18.7 | 20.1% |
Top Suppliers of Lactose to the United States in 2022:
- Germany (2411.4 tons)
- Netherlands (959.2 tons)
- New Zealand (124.1 tons)
- China (69.8 tons)
- Canada (10.2 tons)
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 2030.
Product coverage:
- Prodcom 10515400 - Lactose and lactose syrup (including chemically pure lactose)
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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