Latest Report Update: Apr 18, 2021

U.S. - Condensed Or Evaporated Milk (Unsweetened) - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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U.S.: Overview of the Market for Condensed Or Evaporated Milk (Unsweetened) 2021

Market Size for Condensed Or Evaporated Milk (Unsweetened) in the U.S.

In 2019, the U.S. market for condensed or evaporated milk (unsweetened) increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Unsweetened condensed and evaporated milk consumption peaked at $X in 2010; however, from 2011 to 2019, consumption stood at a somewhat lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in the U.S.

In value terms, unsweetened condensed and evaporated milk production rose modestly to $X in 2019. Over the period under review, production recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Unsweetened condensed and evaporated milk production peaked at $X in 2008; however, from 2009 to 2019, production remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from the U.S.

In 2019, overseas shipments of condensed or evaporated milk (unsweetened) increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk exports surged to $X in 2019. Over the period under review, exports showed a slight decrease. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

Mexico (X tonnes) was the main destination for unsweetened condensed and evaporated milk exports from the U.S., with a X% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Mexico exceeded the volume sent to the second major destination, Canada (X tonnes), threefold. Cayman Islands (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and Cayman Islands (+X% per year).

In value terms, Mexico ($X) remains the key foreign market for unsweetened condensed and evaporated milk exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Bahamas, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Bahamas (+X% per year).

Export Prices by Country

In 2019, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the export price, however, recorded a mild reduction. The pace of growth was the most pronounced in 2010 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Jamaica ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into the U.S.

In 2019, purchases abroad of condensed or evaporated milk (unsweetened) decreased by -X% to X tonnes for the first time since 2006, thus ending a twelve-year rising trend. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2018, and then declined significantly in the following year.

In value terms, unsweetened condensed and evaporated milk imports reduced to $X in 2019. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2018, and then contracted in the following year.

Imports by Country

In 2019, Peru (X tonnes) constituted the largest supplier of unsweetened condensed and evaporated milk to the U.S., accounting for a X% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Peru exceeded the figures recorded by the second-largest supplier, Mexico (X tonnes), fourfold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Peru totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and the Netherlands (+X% per year).

In value terms, Peru ($X) constituted the largest supplier of unsweetened condensed and evaporated milk to the U.S., comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Peru totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Mexico (+X% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per tonne in 2019, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensed or evaporated milk (unsweetened) in the world?
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The countries with the highest volumes of unsweetened condensed and evaporated milk consumption in 2019 were Peru (456K tonnes), the Netherlands (240K tonnes) and Russia (212K tonnes), together comprising 30% of global consumption. These countries were followed by Germany, the U.S., Mexico, Singapore, Greece, China, Belgium, Oman, Belarus and the Czech Republic, which together accounted for a further 37%.
What are the largest producers of condensed or evaporated milk (unsweetened) in the world?
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The countries with the highest volumes of unsweetened condensed and evaporated milk production in 2019 were Peru (521K tonnes), Germany (428K tonnes) and the Netherlands (344K tonnes), with a combined 44% share of global production. These countries were followed by the U.S., Russia, Mexico, Singapore, France, China, Belarus, the Czech Republic, Canada and Ukraine, which together accounted for a further 36%.
What are the leading suppliers of condensed or evaporated milk (unsweetened) to the U.S.?
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In value terms, Peru ($7.4M) constituted the largest supplier of unsweetened condensed and evaporated milk to the U.S., comprising 52% of total imports. The second position in the ranking was occupied by the Netherlands ($2.7M), with a 19% share of total imports. It was followed by Mexico, with a 17% share.
What are the leading importers of condensed or evaporated milk (unsweetened) from the U.S.?
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In value terms, Mexico ($3.9M) remains the key foreign market for unsweetened condensed and evaporated milk exports from the U.S., comprising 27% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($1.4M), with a 9.7% share of total exports. It was followed by Bahamas, with a 9.4% share.
What is the average export price for condensed or evaporated milk (unsweetened) in the U.S.?
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The average export price for condensed or evaporated milk (unsweetened) stood at $1,354 per tonne in 2019, rising by 4.4% against the previous year.
What is the average import price for condensed or evaporated milk (unsweetened) in the U.S.?
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The average import price for condensed or evaporated milk (unsweetened) stood at $1,645 per tonne in 2019, rising by 13% against the previous year.

Product coverage:
• FCL 894 - Whole Milk, Evaporated
• FCL 895 - Skim Milk, Evaporated

This report provides an in-depth analysis of the market for unsweetened 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 2025.


Country coverage:
• USA

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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