U.S.: Powdered Milk Market 2024

Powdered Milk Market Size in the U.S.

The U.S. powdered milk market skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable curtailment. Powdered milk consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Powdered Milk Production in the U.S.

In value terms, powdered milk production rose slightly to $X in 2022. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Powdered Milk Exports

Exports from the U.S.

After two years of growth, overseas shipments of powdered milk decreased by X% to X tons in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, powdered milk exports soared to $X in 2022. In general, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Indonesia (X% per year).

In value terms, Mexico ($X) remains the key foreign market for powdered milk exports from the United States, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk export price increased by X% against 2018 indices. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Peru ($X per ton) and Egypt ($X per ton), while the average price for exports to Malaysia ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

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

Powdered Milk Imports

Imports into the U.S.

Powdered milk imports into the United States skyrocketed to X tons in 2022, with an increase of X% compared with 2021 figures. In general, imports showed notable growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, powdered milk imports surged to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) constituted the largest powdered milk supplier to the United States, with a X% share of total imports. Moreover, powdered milk imports from Mexico exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. New Zealand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and New Zealand (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of powdered milk to the United States, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the average powdered milk import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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