Report Update: Jan 1, 2025

U.S. - Skimmed Milk - Market Analysis, Forecast, Size, Trends and Insights

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Powdered, Condensed Or Evaporated Milk Prices in the United States

U.S. Powdered, Condensed Or Evaporated Milk Export Price per Ton in May 2022

In May 2022, the powdered, condensed or evaporated milk price per ton amounted to $3.9K (FOB, US), with an increase of 4.2% against the previous month. Over the last four months, it increased at an average monthly rate of +4.7%. The pace of growth was the most pronounced in February 2022 when the average export price increased by 5.6% m-o-m. The export price peaked in May 2022.

Average prices varied noticeably for the major external markets. In May 2022, the countries with the highest prices were Vietnam ($4.3K per ton) and Honduras ($4.2K per ton), while the average price for exports to Peru ($3.6K per ton) and Colombia ($3.7K per ton) were amongst the lowest.

From January 2022 to May 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Powdered, Condensed Or Evaporated Milk Export Prices by Type

Average prices varied noticeably for the major types of exported product. In July 2022, the product with the highest price was powdered milk ($4.0K per ton), while the average price for exports of evaporated and condensed milk stood at $3.3K per ton.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for the following types: evaporated and condensed milk (+7.3%).

U.S. Powdered, Condensed Or Evaporated Milk Exports

In July 2022, the amount of powdered, condensed or evaporated milk exported from the United States reduced to 69K tons, with a decrease of -8.8% compared with June 2022. The total export volume increased at an average monthly rate of +1.4% from January 2022 to July 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 26% month-to-month.

In value terms, powdered, condensed or evaporated milk exports reduced to $274M (IndexBox estimates) in July 2022. In general, total exports indicated temperate growth from January 2022 to July 2022: its value increased at an average monthly rate of +4.8% over the last six-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2022 figures, exports decreased by -20.9% against May 2022 indices. The pace of growth appeared the most rapid in March 2022 with an increase of 32% against the previous month.

U.S. Powdered, Condensed Or Evaporated Milk Exports by Type

Powdered milk (68K tons) was the largest type of powdered, condensed or evaporated milk exported from the United States, with a 98% share of total exports. It was followed by evaporated and condensed milk (1.2K tons), with a 1.7% share of total exports.

From January 2022 to July 2022, the average monthly growth rate of the volume of export of powdered milk amounted to +1.6%.

In value terms, powdered milk ($270M) remains the largest type of powdered, condensed or evaporated milk exported from the United States, comprising 99% of total exports. The second position in the ranking was taken by evaporated and condensed milk ($4M), with a 1.5% share of total exports.

From January 2022 to July 2022, the average monthly rate of growth in terms of the export volume of powdered milk stood at +4.9%.

U.S. Powdered, Condensed Or Evaporated Milk Exports by Country

Mexico (32K tons) was the main destination for powdered, condensed or evaporated milk exports from the United States, with a 36% share of total exports. Moreover, powdered, condensed or evaporated milk exports to Mexico exceeded the volume sent to the second major destination, Indonesia (11K tons), threefold. The third position in this ranking was held by the Philippines (9.4K tons), with an 11% share.

From January 2022 to May 2022, the average monthly rate of growth in terms of volume to Mexico totaled +9.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Indonesia (+28.4% per month) and the Philippines (-7.8% per month).

In value terms, Mexico ($125M) remains the key foreign market for powdered, condensed or evaporated milk exports from the United States, comprising 36% of total exports. The second position in the ranking was taken by Indonesia ($46M), with a 13% share of total exports. It was followed by the Philippines, with an 11% share.

From January 2022 to May 2022, the average monthly growth rate of value to Mexico stood at +13.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Indonesia (+36.3% per month) and the Philippines (-1.5% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for powdered, condensed or evaporated 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
FCL 897 - Dry Whole Cow Milk
FCL 898 - Dry Skim Cow Milk

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