U.S. - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sweetened Condensed and Evaporated Milk in the United States - 2023
Contents:
- Price for Sweetened Condensed and Evaporated Milk in the United States (CIF) - 2023
- Price for Sweetened Condensed and Evaporated Milk in the United States (FOB) - 2023
- Imports of Sweetened Condensed and Evaporated Milk in the United States
- Exports of Sweetened Condensed and Evaporated Milk in the United States
Price for Sweetened Condensed and Evaporated Milk in the United States (CIF) - 2023
The average import price for condensed or evaporated milk (sweetened) stood at $2,604 per ton in August 2023, almost unchanged from the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in January 2023 an increase of 17% against the previous month. The import price peaked at $2,612 per ton in July 2023, and then declined slightly in the following month.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Mexico ($2,970 per ton) and Ukraine ($2,912 per ton), while the price for Chile ($2,275 per ton) and Brazil ($2,639 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sweetened Condensed and Evaporated Milk in the United States (FOB) - 2023
In August 2023, the average export price for condensed or evaporated milk (sweetened) amounted to $2,517 per ton, shrinking by -8.4% against the previous month. Overall, the export price recorded a mild reduction. The pace of growth was the most pronounced in April 2023 when the average export price increased by 31% against the previous month. As a result, the export price reached the peak level of $3,241 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Guatemala ($4,216 per ton), while the average price for exports to the Dominican Republic ($707 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 Israel (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sweetened Condensed and Evaporated Milk in the United States
In 2022, the amount of condensed or evaporated milk (sweetened) imported into the United States surged to 31K tons, jumping by 63% on the year before. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% 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, sweetened condensed and evaporated milk imports surged to $61M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Sweetened Condensed and Evaporated Milk in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 23.1 | 22.6 | 13.6 | 35.9 | 15.8% |
Mexico | 5.7 | 11.1 | 11.6 | 17.4 | 45.1% |
Ukraine | 0.9 | 2.6 | 1.7 | 2.0 | 30.5% |
Brazil | 1.2 | 1.4 | 1.9 | 1.9 | 16.6% |
Canada | 0.8 | 0.5 | 1.1 | 1.3 | 17.6% |
Peru | 4.5 | N/A | 0.2 | 0.3 | -59.5% |
Others | 1.0 | 1.6 | 3.7 | 2.4 | 33.9% |
Total | 37.2 | 39.8 | 33.8 | 61.2 | 18.1% |
Top Suppliers of Sweetened Condensed and Evaporated Milk to the United States in 2022:
- Chile (18.6K tons)
- Mexico (8.7K tons)
- Brazil (1.0K tons)
- Ukraine (0.6K tons)
- Canada (0.5K tons)
- Peru (0.2K tons)
Exports of Sweetened Condensed and Evaporated Milk in the United States
In 2022, after two years of decline, there was significant growth in shipments abroad of condensed or evaporated milk (sweetened), when their volume increased by 22% to 5.3K tons. In general, exports, however, continue to indicate a abrupt shrinkage.
In value terms, sweetened condensed and evaporated milk exports skyrocketed to $15M in 2022. Overall, exports, however, saw a noticeable shrinkage.
Export of Sweetened Condensed and Evaporated Milk in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 3.4 | 4.7 | 4.3 | 5.6 | 18.1% |
China | 1.8 | 2.3 | 2.0 | 2.1 | 5.3% |
Bahamas | 0.6 | 0.6 | 0.7 | 1.0 | 18.6% |
Dominican Republic | 1.8 | 0.9 | 0.6 | 0.7 | -27.0% |
Aruba | 0.6 | 0.2 | 0.3 | 0.4 | -12.6% |
Bermuda | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
South Korea | 1.3 | 1.8 | 0.8 | 0.3 | -38.7% |
Malaysia | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
Trinidad and Tobago | 0.7 | 0.2 | 0.2 | 0.2 | -34.1% |
Vietnam | 2.1 | N/A | 0.4 | 0.2 | -54.3% |
Peru | 0.6 | 0.1 | 0.1 | N/A | -59.2% |
Others | 4.1 | 4.2 | 3.2 | 3.9 | -1.7% |
Total | 17.3 | 15.3 | 12.7 | 15.1 | -4.4% |
Top Export Markets for Sweetened Condensed and Evaporated Milk from the United States in 2022:
- Mexico (1686.5 tons)
- China (961.9 tons)
- Dominican Republic (685.1 tons)
- Bahamas (355.9 tons)
- Bermuda (152.0 tons)
- South Korea (100.6 tons)
- Aruba (97.7 tons)
- Malaysia (87.0 tons)
- Vietnam (60.0 tons)
- Trinidad and Tobago (59.5 tons)
- Peru (5.5 tons)
This report provides an in-depth analysis of the market for sweetened condensed and 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 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
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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
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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
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