U.S. - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSkim Milk Price in the United States - 2023
Contents:
- Skim Milk Price in the United States (CIF) - 2023
- Skim Milk Price in the United States (FOB) - 2023
- Skim Milk Imports in the United States
- Skim Milk Exports in the United States
Skim Milk Price in the United States (CIF) - 2023
The average skim milk import price stood at $4,295 per ton in July 2023, with a decrease of -26.9% against the previous month. Overall, the import price recorded a abrupt setback. The growth pace was the most rapid in April 2023 when the average import price increased by 25% m-o-m. The import price peaked at $17,723 per ton in November 2022; however, from December 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($37,323 per ton), while the price for Mexico totaled $4,303 per ton.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Canada (-7.1%), while the prices for the other major suppliers experienced a decline.
Skim Milk Price in the United States (FOB) - 2023
In August 2023, the average skim milk export price amounted to $2,263 per ton, falling by -2.4% against the previous month. Overall, the export price, however, continues to indicate a strong expansion. The growth pace was the most rapid in January 2023 an increase of 158% month-to-month. The export price peaked at $3,204 per ton in March 2023; however, from April 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($5,623 per ton), while the average price for exports to Mexico ($1,002 per ton) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+43.5%), while the prices for the other major destinations experienced more modest paces of growth.
Skim Milk Imports in the United States
For the fourth consecutive year, the United States recorded growth in supplies from abroad of skim milk, which increased by 47% to 294 tons in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 398%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, skim milk imports dropped markedly to $4.8M in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 51,128%.
| Import of Skim Milk in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | 2.6 | 4.1 | 2.5 | -1.9% |
| Canada | N/A | 10.8 | 9.8 | 2.1 | -55.9% |
| Poland | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | N/A | 13.6 | 13.9 | 4.8 | -40.6% |
Top Suppliers of Skim Milk to the United States in 2022:
- Mexico (146.3 tons)
- Canada (125.3 tons)
- Poland (20.9 tons)
Skim Milk Exports in the United States
For the fourth consecutive year, the United States recorded growth in overseas shipments of skim milk, which increased by 52% to 16K tons in 2022. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, skim milk exports contracted modestly to $10M in 2022. Over the period under review, exports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year.
| Export of Skim Milk in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 6.2 | 3.1 | 4.0 | 5.7 | -2.8% |
| Canada | 0.1 | 2.6 | 2.3 | 1.7 | 157.1% |
| Mexico | 1.1 | 0.6 | 0.6 | 0.9 | -6.5% |
| Taiwan (Chinese) | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Others | 3.8 | 2.5 | 3.3 | 1.7 | -23.5% |
| Total | 11.2 | 8.9 | 10.4 | 10.3 | -2.8% |
Top Export Markets for Skim Milk from the United States in 2022:
- Dominican Republic (10.3K tons)
- Canada (1.9K tons)
- Mexico (1.9K tons)
- Taiwan (Chinese) (0.3K tons)
This report provides an in-depth analysis of the skim milk 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:
- FCL 888 - Skim Milk of Cows
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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The import value of Skim Milk saw a significant decline to $295K in May 2023.
917
USDA forecasts that milk production in the U.S. will rise by 2.1% in 2021 thanks to gains in yield per cow as well as a slight increase in the number of milk cows. The average yearly price received by farmers for cow milk in 2021 is predicted to grow by 3.9% y-o-y amidst a rally in prices for animal feed. Rising consumer demand for cheese and butter continues to drive the market on the backdrop of lower demand for beverage milk. Demand in Asia for imported dairy products features as another factor boosting milk processing in the U.S.
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In November 2022, the whole fresh milk price stood at $1,646 per ton (FOB, US), standing approximately at the previous month.
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In August 2022, the whole fresh milk price per ton stood at $1.1 per kg, growing by 1.7% against the previous month.
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In May 2022, the whole fresh milk price per ton amounted to $904 (FOB, US), with a decrease of -2.3% against the previous month.
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From the shift towards plant-based alternatives to the growing demand for organic and sustainable milk products, the milk market is undergoing significant changes.
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The global milk market reduced to $778.1B in 2021, remaining constant against the previous year.
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Driven by increasing demand worldwide, the milk market is forecast to expand with an anticipated CAGR of +1.7% for the period from 2020 to 2030, which is projected to bring the market volume to 1.2B tons by the end of 2030.
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Germany dominated in the global milk trade in 2014. In 2014, Germany exported X thousand tons of milk totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total milk exports in
