U.S. - Whole Fresh Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWhole Fresh Milk Price in the United States - 2023
Contents:
- Whole Fresh Milk Price in the United States (FOB) - 2023
- Whole Fresh Milk Price in the United States (CIF) - 2022
- Whole Fresh Milk Exports in the United States
- Whole Fresh Milk Imports in the United States
Whole Fresh Milk Price in the United States (FOB) - 2023
In August 2023, the average whole fresh milk export price amounted to $1,813 per ton, with an increase of 2.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 7.1% month-to-month. As a result, the export price reached the peak level of $1,834 per ton; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($2,064 per ton), while the average price for exports to Mexico ($1,352 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 Canada (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.
Whole Fresh Milk Price in the United States (CIF) - 2022
The average whole fresh milk import price stood at $1,564 per ton in 2022, which is down by -3.7% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 65%. Over the period under review, average import prices reached the maximum at $1,624 per ton in 2021, and then fell slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($3,682 per ton), while the price for Poland ($184 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+16.4%), while the prices for the other major suppliers experienced a decline.
Whole Fresh Milk Exports in the United States
Whole fresh milk exports from the United States dropped modestly to 67K tons in 2022, which is down by -2.4% compared with 2021. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 5.2% against the previous year.
In value terms, whole fresh milk exports rose notably to $112M in 2022. The total export value increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Whole Fresh Milk in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 45.4 | 51.9 | 55.9 | 61.7 | 10.8% |
| Canada | 26.6 | 31.4 | 39.3 | 38.9 | 13.5% |
| Mexico | 10.2 | 5.2 | 5.0 | 6.3 | -14.8% |
| Others | 7.9 | 6.2 | 5.9 | 4.9 | -14.7% |
| Total | 90.1 | 94.7 | 106 | 112 | 7.5% |
Top Export Markets for Whole Fresh Milk from the United States in 2022:
- Taiwan (Chinese) (33.7K tons)
- Canada (27.7K tons)
- Mexico (3.7K tons)
Whole Fresh Milk Imports in the United States
In 2022, purchases abroad of whole fresh milk decreased by -2% to 11K tons, falling for the second year in a row after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 3.2% against the previous year. As a result, imports reached the peak of 12K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, whole fresh milk imports dropped to $18M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year.
| Import of Whole Fresh Milk in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 8.7 | 13.1 | 15.0 | 14.5 | 18.6% |
| Mexico | 0.2 | 2.5 | 3.6 | 2.7 | 138.1% |
| Poland | 0.2 | 0.1 | 0.2 | 0.6 | 44.2% |
| Others | 0.5 | 0.6 | 0.2 | 0.1 | -41.5% |
| Total | 9.6 | 16.3 | 19.0 | 17.9 | 23.1% |
Top Suppliers of Whole Fresh Milk to the United States in 2022:
- Mexico (4.3K tons)
- Canada (3.9K tons)
- Poland (3.1K tons)
This report provides an in-depth analysis of the whole fresh 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 1130 - Camel milk
- FCL 882 - Cow milk, whole (fresh)
- FCL 1020 - Goat milk
- FCL 982 - Sheep milk
- FCL 951 - Buffalo 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
-
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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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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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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The import value of Skim Milk saw a significant decline to $295K in May 2023.
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Explore the top import markets for whole fresh milk and their import values. Germany, China, Netherlands, Belgium, Italy, and more lead the global market. Discover key statistics and insights using data from the IndexBox market intelligence platform.
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The global whole fresh milk market is estimated at $798.4B in 2018, an increase of 1.7% from 2017.
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Explore the top import markets for milk based on the data provided by the IndexBox platform. Discover the countries with the highest import values for milk in 2022.
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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.
