U.S. - Skimmed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Powdered, Condensed or Evaporated Milk in the United States - 2023
Contents:
- Price for Powdered, Condensed or Evaporated Milk in the United States (FOB) - 2022
- Price for Powdered, Condensed or Evaporated Milk in the United States (CIF) - 2022
- Exports of Powdered, Condensed or Evaporated Milk in the United States
- Imports of Powdered, Condensed or Evaporated Milk in the United States
Price for Powdered, Condensed or Evaporated Milk in the United States (FOB) - 2022
The average export price for powdered, condensed or evaporated milk stood at $3,706 per ton in 2022, surging by 32% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, condensed or evaporated milk export price increased by +92.2% against 2018 indices. Over the period under review, the average export prices hit record highs at $3,730 per ton in 2014; afterwards, it flattened through to 2022.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($3,961 per ton) and Egypt ($3,922 per ton), while the average price for exports to Malaysia ($3,605 per ton) and the Dominican Republic ($3,629 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Powdered, Condensed or Evaporated Milk in the United States (CIF) - 2022
In 2022, the average import price for powdered, condensed or evaporated milk amounted to $2,847 per ton, rising by 8.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 67%. Over the period under review, average import prices hit record highs at $5,432 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($5,396 per ton), while the price for Peru ($1,578 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Powdered, Condensed or Evaporated Milk in the United States
In 2022, after three years of growth, there was decline in overseas shipments of powdered, condensed or evaporated milk, when their volume decreased by -4.3% to 897K tons. The total export volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 14%.
In value terms, powdered, condensed or evaporated milk exports surged to $3.3B in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.5% 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 +83.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Powdered, Condensed or Evaporated Milk in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 808 | 738 | 1,010 | 1,398 | 20.1% |
| Philippines | 161 | 283 | 307 | 433 | 39.1% |
| Indonesia | 159 | 248 | 213 | 301 | 23.7% |
| China | 30.5 | 75.5 | 159 | 198 | 86.5% |
| Malaysia | 61.8 | 111 | 100 | 168 | 39.6% |
| Vietnam | 129 | 133 | 199 | 153 | 5.9% |
| Peru | 51.1 | 76.3 | 84.0 | 129 | 36.2% |
| Colombia | 87.1 | 78.5 | 78.4 | 88.9 | 0.7% |
| Dominican Republic | 16.6 | 26.6 | 35.5 | 50.7 | 45.1% |
| Others | 302 | 392 | 440 | 405 | 10.3% |
| Total | 1,807 | 2,163 | 2,625 | 3,323 | 22.5% |
Top Export Markets for Powdered, Condensed or Evaporated Milk from the United States in 2022:
- Mexico (379.9K tons)
- Philippines (115.6K tons)
- Indonesia (80.4K tons)
- China (53.2K tons)
- Malaysia (46.5K tons)
- Vietnam (40.4K tons)
- Peru (32.5K tons)
- Colombia (24.5K tons)
- Dominican Republic (14.0K tons)
Imports of Powdered, Condensed or Evaporated Milk in the United States
In 2022, approx. 53K tons of powdered, condensed or evaporated milk were imported into the United States; picking up by 52% against the year before. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.1% 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, powdered, condensed or evaporated milk imports skyrocketed to $152M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% 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 Powdered, Condensed or Evaporated Milk in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 36.5 | 54.1 | 46.0 | 72.1 | 25.5% |
| Chile | 23.1 | 22.7 | 13.7 | 36.3 | 16.3% |
| Netherlands | 12.1 | 21.0 | 13.4 | 19.7 | 17.6% |
| New Zealand | 4.0 | 7.0 | 2.5 | 5.0 | 7.7% |
| Peru | 12.1 | 0.6 | 0.8 | 4.1 | -30.3% |
| Brazil | 1.2 | 1.5 | 1.9 | 2.0 | 18.6% |
| Ukraine | 0.9 | 2.6 | 1.7 | 2.0 | 30.5% |
| Lithuania | 0.2 | 0.5 | 3.6 | 2.0 | 115.4% |
| Others | 7.5 | 6.0 | 8.3 | 8.5 | 4.3% |
| Total | 97.6 | 116 | 92.0 | 152 | 15.9% |
Top Suppliers of Powdered, Condensed or Evaporated Milk to the United States in 2022:
- Mexico (21.7K tons)
- Chile (18.7K tons)
- Netherlands (3.6K tons)
- Peru (2.6K tons)
- New Zealand (1.2K tons)
- Brazil (1.1K tons)
- Lithuania (1.1K tons)
- Ukraine (0.6K tons)
This report provides an in-depth analysis of the market for powdered, condensed or evaporated 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
- FCL 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
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
- 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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Powdered milk exports in June 2023 saw a significant decrease, reaching a value of $198M.
1310
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1708
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
301
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
229
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
274
Powdered milk exports in June 2023 saw a significant decrease, reaching a value of $198M.
1310
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1708
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
301
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
229
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
