U.S.: Powdered Milk Market 2023

Powdered Milk Market Size in the U.S.

The U.S. powdered milk market contracted notably to $X in 2021, reducing by -27.7% against the previous year. Over the period under review, consumption recorded a deep contraction. Powdered milk consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Powdered Milk Production in the U.S.

In value terms, powdered milk production reduced modestly to $X in 2021. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 28%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Powdered Milk Exports

Exports from the U.S.

Powdered milk exports from the United States expanded sharply to X tons in 2021, increasing by 7.8% compared with the previous year. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.2% against 2015 indices. The growth pace was the most rapid in 2013 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, powdered milk exports skyrocketed to $X in 2021. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 56% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Mexico (X tons) was the main destination for powdered milk exports from the United States, with a 37% share of total exports. Moreover, powdered milk exports to Mexico exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+10.5% per year) and Indonesia (+10.2% per year).

In value terms, Mexico ($X) remains the key foreign market for powdered milk exports from the United States, comprising 38% of total exports. The second position in the ranking was held by the Philippines ($X), with a 12% share of total exports. It was followed by Indonesia, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+8.9% per year) and Indonesia (+8.7% per year).

Export Prices by Country

In 2021, the average powdered milk export price amounted to $X per ton, rising by 12% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 24%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Peru ($X per ton) and Colombia ($X per ton), while the average price for exports to the Philippines ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into the U.S.

In 2021, overseas purchases of powdered milk decreased by -49.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 107% against the previous year. Imports peaked at X tons in 2020, and then shrank rapidly in the following year.

In value terms, powdered milk imports reduced sharply to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 54% against the previous year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2021, Mexico (X tons) constituted the largest powdered milk supplier to the United States, accounting for a 72% share of total imports. Moreover, powdered milk imports from Mexico exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by New Zealand (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.6% per year) and New Zealand (-17.5% per year).

In value terms, Mexico ($X) constituted the largest supplier of powdered milk to the United States, comprising 67% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports. It was followed by New Zealand, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.8% per year) and New Zealand (-15.1% per year).

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2021, growing by 36% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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