U.S. Fluid Milk Market. Analysis And Forecast to 2030
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View PricingFluid Milk Price in the United States - 2023
Contents:
- Fluid Milk Price in the United States (FOB) - 2023
- Fluid Milk Price in the United States (CIF) - 2022
- Fluid Milk Exports in the United States
- Fluid Milk Imports in the United States
Fluid Milk Price in the United States (FOB) - 2023
In August 2023, the average fluid milk export price amounted to $3,319 per ton, flattening at the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in September 2022 an increase of 10% month-to-month. The export price peaked at $3,634 per ton in February 2023; however, from March 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Dominican Republic ($6,254 per ton), while the average price for exports to Taiwan (Chinese) ($2,106 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 the Dominican Republic (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.
Fluid Milk Price in the United States (CIF) - 2022
In 2022, the average fluid milk import price amounted to $2,766 per ton, reducing by -23.8% against the previous year. Overall, the import price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 216% against the previous year. Over the period under review, average import prices attained the peak figure at $3,629 per ton in 2021, and then contracted significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($4,651 per ton), while the price for India ($486 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Fluid Milk Exports in the United States
In 2022, the amount of fluid milk exported from the United States declined modestly to 140K tons, shrinking by -4.3% on the previous year. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 10% against the previous year.
In value terms, fluid milk exports rose rapidly to $434M in 2022. The total export value increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Fluid Milk in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 116 | 129 | 164 | 170 | 13.6% |
| Mexico | 58.3 | 45.3 | 60.5 | 72.4 | 7.5% |
| Taiwan (Chinese) | 48.5 | 55.5 | 60.5 | 65.8 | 10.7% |
| Philippines | 21.4 | 27.5 | 25.2 | 29.5 | 11.3% |
| Colombia | 10.6 | 10.9 | 15.6 | 12.3 | 5.1% |
| Dominican Republic | 10.3 | 5.5 | 7.1 | 8.3 | -6.9% |
| South Korea | 2.6 | 3.6 | 8.5 | 4.5 | 20.1% |
| Others | 79.6 | 63.1 | 69.1 | 71.1 | -3.7% |
| Total | 348 | 340 | 411 | 434 | 7.6% |
Top Export Markets for Fluid Milk from the United States in 2022:
- Canada (45.2K tons)
- Taiwan (Chinese) (35.3K tons)
- Mexico (21.7K tons)
- Philippines (8.0K tons)
- Dominican Republic (6.1K tons)
- South Korea (2.9K tons)
- Colombia (2.4K tons)
Fluid Milk Imports in the United States
In 2022, purchases abroad of fluid milk was finally on the rise to reach 69K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt contraction.
In value terms, fluid milk imports surged to $190M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Fluid Milk in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 54.9 | 76.9 | 68.2 | 73.0 | 10.0% |
| Mexico | 20.9 | 37.3 | 40.6 | 45.3 | 29.4% |
| France | 17.1 | 16.0 | 22.5 | 38.2 | 30.7% |
| South Korea | 3.4 | 5.0 | 7.1 | 8.0 | 33.0% |
| Chile | 2.5 | 3.6 | 3.3 | 5.0 | 26.0% |
| Colombia | 2.0 | 1.8 | 3.0 | 2.4 | 6.3% |
| United Kingdom | 1.3 | 1.2 | 1.6 | 1.7 | 9.4% |
| Italy | 1.3 | 1.3 | 1.4 | 1.6 | 7.2% |
| India | 0.8 | 0.9 | 1.3 | 1.5 | 23.3% |
| Bahrain | N/A | N/A | N/A | 1.3 | 0% |
| New Zealand | 5.1 | 1.8 | 0.7 | N/A | -63.0% |
| Others | 10.8 | 9.2 | 9.2 | 11.6 | 2.4% |
| Total | 120 | 155 | 159 | 190 | 16.6% |
Top Suppliers of Fluid Milk to the United States in 2022:
- France (19.5K tons)
- Canada (15.7K tons)
- Mexico (11.2K tons)
- South Korea (5.0K tons)
- India (3.0K tons)
- Bahrain (2.2K tons)
- United Kingdom (2.2K tons)
- Italy (2.0K tons)
- Colombia (1.5K tons)
- Chile (1.4K tons)
This report provides an in-depth analysis of the fluid 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:
- NAICS 311511 - Fluid milk manufacturing
Companies mentioned:
- Dean Foods Company
- Whitewave Foods Company
- The Dannon Company
- HP Hood
- Turkey Hill
- Prairie Farms Dairy
- Hiland Dairy Foods Company.
- California Dairies
- Byrne Dairy
- Agri-Mark
- United Dairy
- Chobani
- Upstate Niagara Cooperative
- Plains Dairy
- United Dairymen of Arizona
- Suiza Dairy Corporation
- Borden Dairy Company
- Stremicks Heritage Foods
- Mayfield Dairy Farms
- Purity Dairies
- Southern Foods Group
- Garelick Farms
- Country Fresh
- Land-O-Sun Dairies
- Northwest Dairy Association
- SFG Management Limited Liability Company
- Wwf Operating Company
- Crowley Foods
- Readington Farms
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
- 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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Fluid Milk exports decreased to $35 million in June 2023.
127
In Feb 2023, the fluid milk price was reported as $3,577/ton (FOB, US), an increase of 5.7% from the prior month
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In May 2023, the imports of Snack Food saw the highest growth rate, with a 19% increase compared to the previous month. The value of snack food imports reached $85M in October 2023.
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In June 2023, the price of snack food remained stable at $4,442 per ton (CIF, US), maintaining its level from the previous month.
187
In February 2023, the price of snack food rose to $4,417 per ton (CIF, US), an increase of 2.6% compared to the previous month.
