Report Update: Jan 1, 2025

U.S. - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights

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Evaporated And Condensed Milk Prices in the United States

U.S. Evaporated And Condensed Milk Export Price per Ton in August 2022

In August 2022, the evaporated and condensed milk price per ton amounted to $3.3K (FOB, US), remaining constant against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +6.1%. The growth pace was the most rapid in February 2022 an increase of 43% against the previous month. The export price peaked at $3.4K per ton in May 2022; however, from June 2022 to August 2022, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Jamaica ($4.3K per ton), while the average price for exports to the Dominican Republic ($970.0 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 supplies to China (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Evaporated And Condensed Milk Export Prices by Type

Average prices varied noticeably for the major types of exported product. In August 2022, the product with the highest price was condensed or evaporated milk (unsweetened) ($3.4K per ton), while the average price for exports of condensed or evaporated milk (sweetened) amounted to $2.8K per ton.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: sweetened condensed and evaporated milk (+8.3%).

U.S. Evaporated And Condensed Milk Exports

In August 2022, shipments abroad of evaporated and condensed milk was finally on the rise to reach 1.8K tons for the first time since May 2022, thus ending a two-month declining trend. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when exports increased by 54% m-o-m. As a result, the exports reached the peak of 2.3K tons. From June 2022 to August 2022, the growth of the exports remained at a lower figure.

In value terms, evaporated and condensed milk exports skyrocketed to $5.9M (IndexBox estimates) in August 2022. Overall, total exports indicated buoyant growth from January 2022 to August 2022: its value increased at an average monthly rate of +7.0% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, exports decreased by -23.7% against May 2022 indices. The pace of growth was the most pronounced in May 2022 when exports increased by 63% against the previous month. As a result, the exports attained the peak of $7.7M. From June 2022 to August 2022, the growth of the exports remained at a somewhat lower figure.

U.S. Evaporated And Condensed Milk Exports by Type

Condensed or evaporated milk (unsweetened) (1.4K tons) was the largest type of evaporated and condensed milk exported from the United States, accounting for a 77% share of total exports. Moreover, condensed or evaporated milk (unsweetened) exceeded the volume of the second product type, condensed or evaporated milk (sweetened) (405 tons), threefold.

From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of export of condensed or evaporated milk (unsweetened) totaled +7.8%.

In value terms, condensed or evaporated milk (unsweetened) ($4.7M) remains the largest type of evaporated and condensed milk exported from the United States, comprising 80% of total exports. The second position in the ranking was held by condensed or evaporated milk (sweetened) ($1.2M), with a 20% share of total exports.

From January 2022 to August 2022, the average monthly growth rate of the export volume of condensed or evaporated milk (unsweetened) totaled +11.2%.

U.S. Evaporated And Condensed Milk Exports by Country

Mexico (1.2K tons) was the main destination for evaporated and condensed milk exports from the United States, with a 68% share of total exports. Moreover, evaporated and condensed milk exports to Mexico exceeded the volume sent to the second major destination, the Dominican Republic (114 tons), more than tenfold. The third position in this ranking was taken by Cayman Islands (86 tons), with a 4.8% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume to Mexico totaled +11.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Dominican Republic (+9.2% per month) and Cayman Islands (-0.3% per month).

In value terms, Mexico ($4.4M) remains the key foreign market for evaporated and condensed milk exports from the United States, comprising 75% of total exports. The second position in the ranking was taken by Bahamas ($275K), with a 4.7% share of total exports. It was followed by Jamaica, with a 2.5% share.

From January 2022 to August 2022, the average monthly growth rate of value to Mexico amounted to +13.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Bahamas (+7.9% per month) and Jamaica (+37.9% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for evaporated and condensed milk 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 889 - Whole Milk, Condensed
FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
FCL 896 - Skim Milk, Condensed

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. 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. 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. 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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Producing Animals Slaughtered, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024