Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United States - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United States (FOB) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United States (CIF) - 2024
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United States
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United States
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United States (FOB) - 2024
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,910 per ton in May 2024, picking up by 6.1% against the previous month. Over the period from May 2023 to May 2024, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in October 2023 when the average export price increased by 14% m-o-m. The export price peaked in May 2024.
Average prices varied somewhat for the major external markets. In May 2024, the countries with the highest prices were Mexico ($4,518 per ton) and the Dominican Republic ($4,405 per ton), while the average price for exports to El Salvador ($3,050 per ton) and Peru ($3,507 per ton) were amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United States (CIF) - 2024
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $5,809 per ton in May 2024, picking up by 21% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 23% against the previous month. The import price peaked at $6,834 per ton in June 2023; however, from July 2023 to May 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($8,437 per ton), while the price for the UK ($1,609 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United States
In 2022, exports of powdered unsweetened milk and cream of fat weight content over 1.5% from the United States declined slightly to 38K tons, almost unchanged from the previous year's figure. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 3% against the previous year.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% skyrocketed to $150M in 2022. Overall, exports showed a deep contraction.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 16.5 | 36.2 | 42.0 | 67.6 | 60.0% |
| Mexico | 8.9 | 7.7 | 17.6 | 20.9 | 32.9% |
| Colombia | 27.6 | 8.5 | 7.9 | 14.1 | -20.1% |
| Canada | 4.8 | 4.6 | 6.0 | 7.3 | 15.0% |
| Algeria | 14.3 | 7.2 | 9.7 | 5.9 | -25.6% |
| El Salvador | 2.1 | 1.7 | 3.1 | 5.8 | 40.3% |
| United Arab Emirates | 1.3 | 2.3 | 1.3 | 5.6 | 62.7% |
| Dominican Republic | 0.4 | 6.1 | 2.6 | 4.3 | 120.7% |
| South Korea | 2.3 | 0.9 | 2.4 | 3.8 | 18.2% |
| China | 5.4 | 12.4 | 11.5 | 2.9 | -18.7% |
| Saudi Arabia | 4.3 | 4.7 | 2.2 | 2.3 | -18.8% |
| Thailand | 0.1 | 2.9 | 4.1 | 1.3 | 135.1% |
| Singapore | 3.1 | 2.1 | 0.7 | 0.1 | -68.2% |
| Others | 131 | 16.1 | 11.7 | 8.2 | -60.3% |
| Total | 223 | 113 | 123 | 150 | -12.4% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from the United States in 2022:
- Peru (16.3K tons)
- Mexico (5.1K tons)
- Colombia (3.3K tons)
- Canada (3.0K tons)
- Algeria (1.6K tons)
- United Arab Emirates (1.6K tons)
- El Salvador (1.3K tons)
- Dominican Republic (1.1K tons)
- China (0.9K tons)
- South Korea (0.8K tons)
- Saudi Arabia (0.6K tons)
- Thailand (0.3K tons)
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United States
In 2022, supplies from abroad of powdered unsweetened milk and cream of fat weight content over 1.5% was finally on the rise to reach 15K tons after two years of decline. Overall, imports, however, continue to indicate a abrupt setback.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% surged to $71M in 2022. Over the period under review, imports, however, showed a deep slump.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 26.7 | 38.4 | 29.0 | 50.2 | 23.4% |
| Netherlands | 8.8 | 17.4 | 10.0 | 14.5 | 18.1% |
| New Zealand | 3.0 | 6.8 | 2.4 | 4.1 | 11.0% |
| Others | 46.1 | 3.3 | 2.4 | 2.6 | -61.7% |
| Total | 84.6 | 65.9 | 43.9 | 71.4 | -5.5% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to the United States in 2022:
- Mexico (10.9K tons)
- Netherlands (2.2K tons)
- New Zealand (0.9K tons)
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