Dry and Evaporated Dairy Product Market in the USA - Key Insights

IndexBox has just published a new report, the U.S. Dry, Condensed, And Evaporated Dairy Products Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the market of dry, condensed, and evaporated dairy products in the U.S. amounted to $X in 2018, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption of dry, condensed, and evaporated dairy products continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when the market value increased by X% year-to-year. In that year, the market for dry and evaporated dairy product attained its peak level of $X. From 2015 to 2018, the growth of the market for dry and evaporated dairy product remained at a lower figure.

Production of Dry, Condensed, And Evaporated Dairy Products in the USA

In value terms, production of dry, condensed, and evaporated dairy products amounted to $X in 2018. In general, production of dry, condensed, and evaporated dairy products continues to indicate a relatively flat trend pattern.

Exports of Dry, Condensed, And Evaporated Dairy ProductsExports from the USA

In 2018, exports of dry, condensed, and evaporated dairy products from the U.S. totaled X tons, surging by X% against the previous year. In general, exports of dry, condensed, and evaporated dairy products continue to indicate a drastic descent.

In value terms, exports of dry, condensed, and evaporated dairy products stood at $X (IndexBox estimates) in 2018. Overall, exports of dry, condensed, and evaporated dairy products continue to indicate a pronounced decrease. Exports peaked at $X in 2014; however, from 2015 to 2018, exports remained at a lower level.

Exports by Country

China (X tons) was the main destination for exports of dry, condensed, and evaporated dairy products from the U.S., with a X% share of total exports. Moreover, exports of dry, condensed, and evaporated dairy products to China exceeded the volume sent to the second major destination, the Philippines (X tons), eightfold. The third position in this ranking was occupied by Japan (X tons), with a X% share.

From 2013 to 2018, the average annual growth rate of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Japan (-X% per year).

In value terms, China ($X) remains the key foreign market for dry and evaporated dairy product exports from the U.S., comprising X% of total exports of dry, condensed, and evaporated dairy products. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by India, with a X% share.

Export Prices by Country

The average export price for dry, condensed, and evaporated dairy products stood at $X per kg in 2018, waning by -X% against the previous year. Overall, the export price indicated a moderate increase from 2013 to 2018: its price increased at an average annual rate of +X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the export price for dry, condensed, and evaporated dairy products increased by +X% against 2016 indices.

Export prices varied noticeably by the country of origin; the country with the highest export price was Brazil ($X per kg), while the average price for exports to the Philippines ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to India (+X% per year), while the export prices for the other major destinations experienced mixed trend patterns.

Imports of Dry, Condensed, And Evaporated Dairy ProductsImports into the USA

In 2018, the amount of dry, condensed, and evaporated dairy products imported into the U.S. amounted to X tons, reducing by -X% against the previous year. In value terms, imports of dry, condensed, and evaporated dairy products totaled $X (IndexBox estimates) in 2018.

Imports by Country

In 2018, New Zealand (X tons) constituted the largest dry and evaporated dairy product supplier to the U.S., accounting for a X% share of total imports. Moreover, imports of dry, condensed, and evaporated dairy products from New Zealand exceeded the figures recorded by the second largest supplier, Chile (X tons), fourfold. The third position in this ranking was occupied by Ireland (X tons), with a X% share.

From 2013 to 2018, the average annual growth rate of volume from New Zealand stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and Ireland (+X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of dry and evaporated dairy product to the U.S., comprising X% of total imports of dry, condensed, and evaporated dairy products. The second position in the ranking was occupied by Ireland ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

Import Prices by Country

The average import price for dry, condensed, and evaporated dairy products stood at $X per kg in 2018, approximately equating the previous year. Overall, the import price for dry, condensed, and evaporated dairy products continues to indicate a slight shrinkage.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was Denmark ($X per kg), while the price for Italy ($X per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by France (+X% per year), while the import prices for the other major suppliers experienced mixed trend patterns.

Companies Mentioned in the Report

Nestle Usa, The Hain Celestial Group, Mead Johnson Nutrition Company, Dairy Farmers of America, Darigold, Kaneka Americas Holding, Cytosport, Standard Candy Company, Bongards' Creameries, Davisco Foods International, Lifeway Foods, Associated Milk Producers, Saputo Dairy Foods Usa, Gerber Products Company, Blyth, O-At-Ka Milk Products Cooperative, Musclepharm Corporation, Valentine Enterprises, Agropur Msi, Nestle Holdings, Synutra International, Plainview Milk Products Cooperative, The First District Association, Dean Holding Company

Source: IndexBox Market Intelligence Platform