U.S.: Market for Dry, Condensed, And Evaporated Dairy Products 2022

Market Size for Dry, Condensed, And Evaporated Dairy Products in the U.S.

The U.S. market for dry, condensed, and evaporated dairy products declined slightly to $X in 2020, stabilizing at the previous year. Over the period under review, consumption recorded a mild reduction. The growth pace was the most rapid in 2014 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2015 to 2020, the growth of the market failed to regain the momentum.

Production of Dry, Condensed, And Evaporated Dairy Products in the U.S.

In value terms, dry and evaporated dairy product production shrank modestly to $X in 2020. Over the period under review, production continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. from 2015 to 2020, production growth remained at a lower figure.

Exports of Dry, Condensed, And Evaporated Dairy Products

Exports from the U.S.

In 2020, shipments abroad of dry, condensed, and evaporated dairy products was finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, exports reached the peak of X tons. from 2018 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, dry and evaporated dairy product exports amounted to $X in 2020. In general, exports, however, continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Canada (X tons), China (X tons) and Mexico (X tons) were the main destinations of dry and evaporated dairy product exports from the U.S., with a combined X% share of total exports. These countries were followed by Japan, New Zealand, Indonesia, South Korea, India, Vietnam, the Philippines, Singapore, Thailand and Australia, which together accounted for a further X 2013 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India, while exports for the other leaders experienced more modest paces of growth.

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

From 2013 to 2020, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Mexico (-X% per year).

Export Prices by Country

The average export price for dry, condensed, and evaporated dairy products stood at $X per ton in 2020, approximately mirroring the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per ton), while the average price for exports to New Zealand ($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 Canada, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dry, Condensed, And Evaporated Dairy Products

Imports into the U.S.

In 2020, approx. X tons of dry, condensed, and evaporated dairy products were imported into the U.S.; increasing by X% on 2019. Over the period under review, imports posted resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, dry and evaporated dairy product imports rose remarkably to $X in 2020. Overall, imports showed modest growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2015 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Canada (X tons) constituted the largest supplier of dry and evaporated dairy product to the U.S., with a X% share of total imports. Moreover, dry and evaporated dairy product imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2020, the average annual growth rate of volume from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and China (+X% per year).

In value terms, Canada ($X), Ireland ($X) and New Zealand ($X) were the largest dry and evaporated dairy product suppliers to the U.S., together accounting for X% of total imports. Mexico, France, the Netherlands, Vietnam, China, Taiwan (Chinese), South Korea and Singapore lagged somewhat behind, together comprising a further X Nam saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for dry, condensed, and evaporated dairy products stood at $X per ton in 2020, approximately reflecting the previous year. Overall, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Ireland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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