U.S. - Dairy Produce - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingDairy Produce Prices in the United States
U.S. Dairy Produce Export Price per Ton in June 2022
In June 2022, the dairy produce price per ton stood at $3.9K (FOB, US), increasing by 1.8% against the previous month. Over the last five months, it increased at an average monthly rate of +2.7%. The most prominent rate of growth was recorded in March 2022 an increase of 4.3% against the previous month. Over the period under review, the average export prices hit record highs in June 2022.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($16.1K per ton), while the average price for exports to Taiwan (Chinese) ($1.0K per ton) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+38.6%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Dairy Produce Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In August 2022, the product with the highest price was cheese ($5.3K per ton), while the average price for exports of skim milk ($673.4 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: evaporated and condensed milk (+6.1%), while the prices for the other products experienced more modest paces of growth.
U.S. Dairy Produce Exports
In August 2022, shipments abroad of dairy produce increased by 1.5% to 134K tons for the first time since May 2022, thus ending a two-month declining trend. The total export volume increased at an average monthly rate of +3.0% from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 when exports increased by 23% m-o-m.
In value terms, dairy produce exports expanded modestly to $536M (IndexBox estimates) in August 2022. The total export value increased at an average monthly rate of +5.3% from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth appeared the most rapid in March 2022 with an increase of 28% m-o-m.
U.S. Dairy Produce Exports by Type
Powdered milk (69K tons), cheese (39K tons) and whole fresh milk (10K tons) were the main products of dairy produce exports from the United States, together comprising 88% of total exports. Butter and dairy spreads, yoghurt and fermented milk, cream fresh, evaporated and condensed milk, ghee and skim milk lagged somewhat behind, together comprising a further 12%.
From January 2022 to August 2022, the biggest increases were in skim milk (with a CAGR of +14.0%), while shipments for the other products experienced more modest paces of growth.
In value terms, powdered milk ($273M), cheese ($204M) and butter and dairy spreads ($26M) constituted the most exported types of dairy produce from the United States worldwide, together comprising 94% of total exports. Whole fresh milk, yoghurt and fermented milk, evaporated and condensed milk, ghee, cream fresh and skim milk lagged somewhat behind, together accounting for a further 6.1%.
Yoghurt and fermented milk, with a CAGR of +9.3%, recorded the highest growth rate of the value of exports, in terms of the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.
U.S. Dairy Produce Exports by Country
Canada (7.5K tons), Taiwan (Chinese) (6K tons) and Bahrain (963 tons) were the main destinations of dairy produce exports from the United States, together accounting for 9.9% of total exports.
From January 2022 to June 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +13.5%), while the other leaders experienced mixed trend patterns.
In value terms, Canada ($19M) emerged as the key foreign market for dairy produce exports from the United States, comprising 3.3% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($6.2M), with a 1.1% share of total exports. It was followed by Bahrain, with a 0.6% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of value to Canada totaled +3.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Taiwan (Chinese) (-0.6% per month) and Bahrain (-5.6% per month).
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:
- 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.
-
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
-
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
-
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
-
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
-
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
420
This report provides an in-depth analysis of the dairy produce market in the U.S..
915
This report provides an in-depth analysis of the butter and ghee market in the U.S..
585
This report provides an in-depth analysis of the ghee market in the U.S..
391
This report provides an in-depth analysis of the market for butter and dairy spreads in the U.S..
475
This report provides an in-depth analysis of the dairy spread market in the U.S..
991
This report provides an in-depth analysis of the butter market in the U.S..
765
This report provides an in-depth analysis of the global dairy produce market.
1679
This report provides an in-depth analysis of the global butter and ghee market.
2243
This report provides an in-depth analysis of the global ghee market.
761
This report provides an in-depth analysis of the global market for butter and dairy spreads.
206
In value terms, dairy produce exports surged to $511M in March 2023.
303
In February 2023, the price of butter and ghee per ton (CIF, US) was $7,599, a 15% increase from the previous month.
190
In terms of value, imports of Dairy Spread decreased to $2M in May 2023.
342
In July 2022, the butter price per ton amounted to $8,535 per ton, which is down by less than 0.1% against the previous month.
745
In May 2022, the butter price per ton amounted to $6,839 per ton, surging by 9.6% against the previous month.
1522
The average price for Grade AA butter in the U.S. amounted to $2.02 per pound on December 11, 2021, increasing by 40% from the same period last year. Reducing milk cow herd, labour shortage, and the rising packaging materials costs constrain production growth, leading to insufficient supply in the market that results in the butter price surge. Demand for butter typically picks in Q4, when Americans consume more holiday cookies and other traditional dishes. In December, butter prices picked up 3.7% compared to the figures a month earlier.
7542
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
2724
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
6207
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
6658
In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
