U.S.: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in the U.S.

The U.S. whole fresh milk market was estimated at $X in 2022, increasing by 8.6% against the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Whole Fresh Milk Production in the U.S.

In value terms, whole fresh milk production rose sharply to $X in 2022. In general, production, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 68%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Whole Fresh Milk Exports

Exports from the U.S.

In 2022, the amount of whole fresh milk exported from the United States dropped modestly to X tons, reducing by -2.4% on the previous year. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +2.7% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 42%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, whole fresh milk exports expanded markedly to $X in 2022. Overall, exports, however, recorded resilient growth. The growth pace was the most rapid in 2013 with an increase of 44%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons), Canada (X tons) and Mexico (X tons) were the main destinations of whole fresh milk exports from the United States, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +70.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($X), Canada ($X) and Mexico ($X) appeared to be the largest markets for whole fresh milk exported from the United States worldwide, together comprising 96% of total exports.

Taiwan (Chinese), with a CAGR of +82.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, rising by 7.8% against the previous year. Overall, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 62%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Whole Fresh Milk Imports

Imports into the U.S.

In 2022, approx. X tons of whole fresh milk were imported into the United States; surging by 2.3% compared with the year before. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by 96%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, whole fresh milk imports reduced to $X in 2022. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 92%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Canada (X tons), Mexico (X tons) and Poland (X tons) were the main suppliers of whole fresh milk imports to the United States, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +105.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of whole fresh milk to the United States, comprising 81% of total imports. The second position in the ranking was taken by Mexico ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Canada amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+19.8% per year) and Poland (+47.9% per year).

Import Prices by Country

The average whole fresh milk import price stood at $X per ton in 2022, falling by -7.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 64%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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