U.S.: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

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

The U.S. market for condensed or evaporated milk (unsweetened) expanded remarkably to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, unsweetened condensed and evaporated milk production totaled $X in 2022. Overall, production saw pronounced growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from the U.S.

Unsweetened condensed and evaporated milk exports from the United States rose notably to X tons in 2022, increasing by X% against 2021. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk exports surged to $X in 2022. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Mexico (X tons) was the main destination for unsweetened condensed and evaporated milk exports from the United States, 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, Cayman Islands (X tons), more than tenfold. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cayman Islands (X% per year) and Canada (X% per year).

In value terms, Mexico ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Bahamas ($X), with a X% share of total exports. It was followed by Cayman Islands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (X% per year) and Cayman Islands (X% per year).

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price posted a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), 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.

Unsweetened condensed and evaporated milk imports into the United States surged to X tons in 2022, growing by X% against 2021. In general, imports showed a perceptible expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk imports soared to $X in 2022. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Peru (X tons), Mexico (X tons) and the Netherlands (X tons) were the main suppliers of unsweetened condensed and evaporated milk imports to the United States, together accounting for X% of total imports. Lithuania, Oman, Italy and Kuwait lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), the Netherlands ($X) and Mexico ($X) constituted the largest unsweetened condensed and evaporated milk suppliers to the United States, with a combined X% share of total imports. Italy, Lithuania, Kuwait and Oman lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Oman, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2022, almost unchanged from the previous year. In general, the import price continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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