U.S. - Skim Powdered Milk - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSkim Powdered Milk Price in the United States - 2023
Contents:
- Skim Powdered Milk Price in the United States (FOB) - 2023
- Skim Powdered Milk Price in the United States (CIF) - 2022
- Skim Powdered Milk Exports in the United States
- Skim Powdered Milk Imports in the United States
Skim Powdered Milk Price in the United States (FOB) - 2023
In October 2023, the average skim powdered milk export price amounted to $2,672 per ton, remaining stable against the previous month. Over the period under review, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 0.1% m-o-m. Over the period under review, the average export prices hit record highs at $3,685 per ton in October 2022; however, from November 2022 to October 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In October 2023, the countries with the highest prices were Indonesia ($2,808 per ton) and Malaysia ($2,771 per ton), while the average price for exports to the Philippines ($2,561 per ton) and China ($2,611 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-2.5%), while the prices for the other major destinations experienced a decline.
Skim Powdered Milk Price in the United States (CIF) - 2022
The average skim powdered milk import price stood at $4,427 per ton in 2022, with a decrease of -18.8% against the previous year. Over the period under review, the import price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 67%. The import price peaked at $5,530 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($8,022 per ton), while the price for China ($1,213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Skim Powdered Milk Exports in the United States
In 2022, overseas shipments of skim powdered milk decreased by -4.8% to 837K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16%.
In value terms, skim powdered milk exports skyrocketed to $3.1B in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Skim Powdered Milk in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 789 | 725 | 964 | 1,329 | 19.0% |
Philippines | 161 | 283 | 306 | 433 | 39.1% |
Indonesia | 159 | 246 | 213 | 301 | 23.7% |
China | 23.2 | 60.6 | 145 | 192 | 102.3% |
Malaysia | 59.0 | 109 | 99.4 | 167 | 41.5% |
Vietnam | 125 | 132 | 198 | 151 | 6.5% |
Colombia | 59.2 | 70.0 | 70.4 | 74.6 | 8.0% |
Peru | 33.3 | 40.0 | 42.0 | 60.9 | 22.3% |
Others | 250 | 357 | 420 | 397 | 16.7% |
Total | 1,659 | 2,023 | 2,458 | 3,106 | 23.2% |
Top Export Markets for Skim Powdered Milk from the United States in 2022:
- Mexico (361.3K tons)
- Philippines (115.5K tons)
- Indonesia (80.3K tons)
- China (51.2K tons)
- Malaysia (46.3K tons)
- Vietnam (39.9K tons)
- Colombia (21.1K tons)
- Peru (16.1K tons)
Skim Powdered Milk Imports in the United States
In 2022, the amount of skim powdered milk imported into the United States surged to 626 tons, with an increase of 68% on 2021. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.7% against 2020 indices.
In value terms, skim powdered milk imports surged to $2.8M in 2022. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 107% against the previous year. As a result, imports attained the peak of $4M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Skim Powdered Milk in the United States (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 995 | 252 | 122 | 911 | -2.9% |
Netherlands | 174 | 263 | 508 | 868 | 70.9% |
Ireland | 148 | 85.5 | 309 | 395 | 38.7% |
Chile | N/A | 47.5 | 19.0 | 371 | 179.5% |
Spain | N/A | N/A | 7.0 | 101 | 1342.9% |
Canada | N/A | 3.4 | 25.0 | 46.5 | 269.8% |
China | N/A | N/A | 6.4 | 23.2 | 262.5% |
Germany | 134 | 321 | 18.3 | 13.1 | -53.9% |
France | 84.7 | N/A | N/A | N/A | 0% |
Peru | 85.1 | 389 | N/A | N/A | 357.1% |
Mexico | 280 | 2,510 | 1,003 | N/A | 89.3% |
Others | 11.8 | 94.0 | 10.7 | 43.0 | 53.9% |
Total | 1,912 | 3,966 | 2,029 | 2,773 | 13.2% |
Top Suppliers of Skim Powdered Milk to the United States in 2022:
- New Zealand (257.3 tons)
- Ireland (119.0 tons)
- Netherlands (108.2 tons)
- Chile (86.8 tons)
- China (19.1 tons)
- Spain (19.1 tons)
- Canada (11.0 tons)
- Germany (2.7 tons)
This report provides an in-depth analysis of the skim powdered milk market 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 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Powdered milk exports in June 2023 saw a significant decrease, reaching a value of $198M.
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
Powdered milk exports in June 2023 saw a significant decrease, reaching a value of $198M.
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin