U.S. - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Evaporated and Condensed Milk in the United States - 2023
Contents:
- Price for Evaporated and Condensed Milk in the United States (FOB) - 2023
- Price for Evaporated and Condensed Milk in the United States (CIF) - 2023
- Exports of Evaporated and Condensed Milk in the United States
- Imports of Evaporated and Condensed Milk in the United States
Price for Evaporated and Condensed Milk in the United States (FOB) - 2023
The average evaporated and condensed milk export price stood at $1,729 per ton in August 2023, waning by -26.9% against the previous month. In general, the export price saw a deep slump. The pace of growth was the most pronounced in July 2023 an increase of 11% m-o-m. Over the period under review, the average export prices hit record highs at $3,582 per ton in September 2022; however, from October 2022 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bahamas ($3,576 per ton), while the average price for exports to the Dominican Republic ($899 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+8.8%), while the prices for the other major destinations experienced a decline.
Price for Evaporated and Condensed Milk in the United States (CIF) - 2023
The average evaporated and condensed milk import price stood at $2,560 per ton in August 2023, waning by -3.5% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in May 2023 when the average import price increased by 15% against the previous month. Over the period under review, average import prices hit record highs at $2,668 per ton in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,776 per ton), while the price for New Zealand ($335 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Evaporated and Condensed Milk in the United States
In 2022, exports of evaporated and condensed milk from the United States rose sharply to 21K tons, with an increase of 11% on the previous year's figure. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 69%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, evaporated and condensed milk exports surged to $66M in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 79% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Evaporated and Condensed Milk in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 7.7 | 5.5 | 28.1 | 48.1 | 84.2% |
| Bahamas | 2.0 | 1.3 | 1.6 | 2.5 | 7.7% |
| China | 1.8 | 2.3 | 2.0 | 2.2 | 6.9% |
| Cayman Islands | 1.2 | 1.8 | 1.7 | 1.4 | 5.3% |
| Canada | 1.3 | 1.0 | 1.5 | 0.9 | -11.5% |
| Dominican Republic | 1.9 | 0.9 | 0.7 | 0.8 | -25.0% |
| Peru | 1.2 | 0.1 | 0.1 | 0.3 | -37.0% |
| Others | 14.3 | 11.8 | 8.7 | 9.6 | -12.4% |
| Total | 31.4 | 24.7 | 44.2 | 65.8 | 28.0% |
Top Export Markets for Evaporated and Condensed Milk from the United States in 2022:
- Mexico (13.4K tons)
- Cayman Islands (1.1K tons)
- China (1.0K tons)
- Canada (0.8K tons)
- Bahamas (0.7K tons)
- Dominican Republic (0.7K tons)
- Peru (0.1K tons)
Imports of Evaporated and Condensed Milk in the United States
After two years of decline, purchases abroad of evaporated and condensed milk increased by 61% to 37K tons in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, evaporated and condensed milk imports surged to $76M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Evaporated and Condensed Milk in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 23.1 | 22.6 | 13.6 | 35.9 | 15.8% |
| Mexico | 8.1 | 12.1 | 13.3 | 20.2 | 35.6% |
| Netherlands | 3.1 | 3.2 | 2.7 | 4.1 | 9.8% |
| Peru | 12.0 | 0.2 | 0.8 | 4.1 | -30.1% |
| Ukraine | 0.9 | 2.6 | 1.7 | 2.0 | 30.5% |
| Lithuania | 0.2 | 0.5 | 3.6 | 2.0 | 115.4% |
| Brazil | 1.2 | 1.4 | 1.9 | 1.9 | 16.6% |
| Others | 2.9 | 2.3 | 5.5 | 5.3 | 22.3% |
| Total | 51.4 | 45.0 | 43.0 | 75.6 | 13.7% |
Top Suppliers of Evaporated and Condensed Milk to the United States in 2022:
- Chile (18.6K tons)
- Mexico (9.9K tons)
- Peru (2.6K tons)
- Netherlands (1.3K tons)
- Lithuania (1.1K tons)
- Brazil (1.0K tons)
- Ukraine (0.6K tons)
This report provides an in-depth analysis of the market for evaporated and condensed milk 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 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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