U.S.: Cream Market 2021

Cream Market Size in the U.S.

The U.S. cream market contracted slightly to $X in 2020, waning by -X% against the previous year. Over the period under review, consumption recorded prominent growth. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Cream consumption peaked at $X in 2019, and then contracted in the following year.

Cream Production in the U.S.

In value terms, cream production dropped modestly to $X in 2020. In general, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Cream production peaked at $X in 2019, and then declined modestly in the following year.

Cream Exports

Exports from the U.S.

In 2020, approx. X tons of cream were exported from the U.S.; picking up by X% compared with 2019. In general, exports, however, faced a precipitous descent. Over the period under review, exports hit record highs at X tons in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports surged to $X in 2020. Overall, exports, however, saw a dramatic decrease. Over the period under review, exports reached the peak figure at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for cream exports from the U.S., with a X% share of total exports. Moreover, cream exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Canada amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Aruba (-X% per year).

In value terms, Canada ($X) remains the key foreign market for cream exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Canada stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Aruba (+X% per year).

Export Prices by Country

In 2020, the average cream export price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Aruba ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Aruba, while the prices for the other major destinations experienced more modest paces of growth.

Cream Imports

Imports into the U.S.

For the tenth year in a row, the U.S. recorded decline in supplies from abroad of cream, which decreased by -X% to X tons in 2020. Overall, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, cream imports dropped to $X in 2020. In general, imports recorded a deep reduction. The smallest decline of -X% was in 2008. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

Mexico (X tons), France (X tons) and Australia (X tons) were the main suppliers of cream imports to the U.S., together comprising X% of total imports. The UK, Denmark and Brazil lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in the UK, while purchases for the other leaders experienced a decline.

In value terms, France ($X), the UK ($X) and Denmark ($X) appeared to be the largest cream suppliers to the U.S., with a combined X% share of total imports.

Denmark recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average cream import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a strong expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cream import price increased by +X% against 2010 indices. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Denmark ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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