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U.S. - Dairy Produce - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

U.S. - Dairy Produce - Market Analysis, Forecast, Size, Trends and Insights

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May 10, 2023

Dairy Produce Export in United States Soars 21%, Averaging $511M in March 2023

U.S. Dairy Produce Exports

Dairy produce exports from the United States skyrocketed to 140K tons in March 2023, jumping by 26% against the previous month. In general, exports, however, showed a relatively flat trend pattern.

In value terms, dairy produce exports surged to $511M (IndexBox estimates) in March 2023. Overall, exports, however, showed a relatively flat trend pattern.

COUNTRYExport Value of Dairy Produce in U.S. (million USD)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Mexico182162180197171202188196197184177169208
Indonesia29.928.449.428.734.823.023.134.828.416.120.121.831.1
Canada31.127.326.031.724.825.324.327.031.122.822.222.428.7
Australia12.79.89.610.79.56.413.911.918.211.314.610.020.4
South Korea42.138.639.840.433.244.337.236.229.829.626.528.318.8
Philippines43.756.548.232.945.037.335.731.533.829.334.227.117.6
Japan22.623.125.521.615.015.618.623.320.520.720.617.317.4
Colombia9.710.810.69.512.610.28.38.113.420.412.08.816.4
China17.824.716.727.624.916.318.215.717.718.310.413.314.5
Dominican Republic8.49.412.913.813.012.18.312.59.86.37.68.410.5
Taiwan (Chinese)10.17.613.710.511.911.09.06.76.16.510.76.110.3
Vietnam23.218.724.210.25.03.46.814.911.16.53.94.09.9
Malaysia26.525.730.019.214.610.27.69.66.37.412.48.99.2
Others99.710411612310611984.894.097.383.384.976.098.8
Total560547603577521536484522521463457422511

Exports by Country

Mexico (60K tons) was the main destination for dairy produce exports from the United States, with a 43% share of total exports. Moreover, dairy produce exports to Mexico exceeded the volume sent to the second major destination, Indonesia (9.1K tons), sevenfold. Canada (7.8K tons) ranked third in terms of total exports with a 5.6% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of volume to Mexico totaled +2.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Indonesia (+0.4% per month) and Canada (-0.7% per month).

In value terms, Mexico ($208M) remains the key foreign market for dairy produce exports from the United States, comprising 41% of total exports. The second position in the ranking was taken by Indonesia ($31M), with a 6.1% share of total exports. It was followed by Canada, with a 5.6% share.

From March 2022 to March 2023, the average monthly growth rate of value to Mexico amounted to +1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Indonesia (+0.4% per month) and Canada (-0.7% per month).

Exports by Type

Powdered milk (80K tons), cheese (42K tons) and whole fresh milk (6.3K tons) were the main products of dairy produce exports from the United States, together comprising 91% of total exports. Yoghurt and fermented milk, butter and dairy spreads, evaporated and condensed milk, ghee, skim milk and cream fresh lagged somewhat behind, together accounting for a further 9%.

From March 2022 to March 2023, the biggest increases were in yoghurt and fermented milk (with a CAGR of +2.9%), while shipments for the other products experienced more modest paces of growth.

In value terms, powdered milk ($240M), cheese ($219M) and butter and dairy spreads ($17M) were the most exported types of dairy produce from the United States worldwide, together comprising 93% of total exports. Yoghurt and fermented milk, whole fresh milk, evaporated and condensed milk, cream fresh, skim milk and ghee lagged somewhat behind, together comprising a further 7%.

Yoghurt and fermented milk, with a CAGR of +3.1%, recorded the highest growth rate of the value of exports, among the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices by Country

In March 2023, the dairy produce price stood at $3,646 per ton (FOB, US), shrinking by -3.5% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 2.9% m-o-m. Over the period under review, the average export prices reached the maximum at $4,190 per ton in August 2022; however, from September 2022 to March 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In March 2023, the country with the highest price was Japan ($5,147 per ton), while the average price for exports to Taiwan (Chinese) ($2,283 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the dairy produce 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:

  • FCL 888 - Skim Milk of Cows
  • FCL 1130 - Camel milk
  • FCL 882 - Cow milk, whole (fresh)
  • FCL 1020 - Goat milk
  • FCL 982 - Sheep milk
  • FCL 951 - Buffalo milk
  • FCL 897 - Dry Whole Cow Milk
  • FCL 898 - Dry Skim Cow Milk
  • FCL 889 - Whole Milk, Condensed
  • FCL 894 - Whole Milk, Evaporated
  • FCL 895 - Skim Milk, Evaporated
  • FCL 896 - Skim Milk, Condensed
  • FCL 891 - Yoghurt
  • FCL 983 - Butter and Ghee of Sheep Milk
  • FCL 1022 - Butter of Goat Milk
  • FCL 952 - Butter of Buffalo Milk
  • FCL 886 - Butter of Cow Milk
  • FCL 887 - Ghee from Cow Milk
  • FCL 953 - Ghee, from Buffalo Milk
  • FCL 901 - Cheese from Whole Cow Milk
  • FCL 904 - Cheese from Skimmed Cow Milk
  • FCL 905 - Whey Cheese
  • FCL 907 - Processed Cheese
  • FCL 955 - Cheese of Buffalo Milk
  • FCL 984 - Cheese of Sheep Milk
  • FCL 1021 - Cheese of Goat Milk
  • FCL 885 - Cream, Fresh
  • FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
  • FCL 899 - Dry Buttermilk
  • FCL 892 - Yoghurt, Concentrated or Unconcent

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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