Market for Unsweetened Condensed And Evaporated Milk in the United States
Market Overview
The U.S. market for condensed or evaporated milk (unsweetened) rose rapidly to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption remained at a lower figure.
In value terms, unsweetened condensed and evaporated milk production rose markedly to $ in . Overall, production continues to indicate slight growth. The growth pace was the most rapid in with an increase of %. Unsweetened condensed and evaporated milk production peaked at $ in 2008; however, from 2009 to , production failed to regain momentum.
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption remained at a lower figure.In value terms, unsweetened condensed and evaporated milk production rose markedly to $
in . Overall, production continues to indicate slight growth. The growth pace was the most rapid in with an increase of %. Unsweetened condensed and evaporated milk production peaked at $ in 2008; however, from 2009 to , production failed to regain momentum.Consumption
In , the amount of condensed or evaporated milk (unsweetened) consumed in the United States expanded sharply to tons, growing by % on . Overall, consumption saw a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption remained at a lower figure.
The value of the market for condensed or evaporated milk (unsweetened) in the United States rose sharply to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. Unsweetened condensed and evaporated milk consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
, the amount of condensed or evaporated milk (unsweetened) consumed in the United States expanded sharply to tons, growing by % on . Overall, consumption saw a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption remained at a lower figure.The value of the market for condensed or evaporated milk (unsweetened) in the United States rose sharply to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. Unsweetened condensed and evaporated milk consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.Market Forecast
The market for unsweetened condensed and evaporated milk is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of unsweetened condensed and evaporated milk in the United States were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for unsweetened condensed and evaporated milk.
Trade Balance
The United States remains a net exporter of unsweetened condensed and evaporated milk; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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