Market for Evaporated And Condensed Milk in the United States
Market Overview
The U.S. evaporated and condensed milk market expanded significantly to $
in , rising 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $. From 2014 to , the growth of the market remained at a lower figure.
In value terms, evaporated and condensed milk production expanded significantly to $ in . The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of %. As a result, production attained the peak level of $. From 2014 to , production growth remained at a lower figure.
in , rising 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $. From 2014 to , the growth of the market remained at a lower figure.In value terms, evaporated and condensed milk production expanded significantly to $
in . The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of %. As a result, production attained the peak level of $. From 2014 to , production growth remained at a lower figure.Consumption
In , the amount of evaporated and condensed milk consumed in the United States amounted to tons, stabilizing at the year before. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.
The size of the evaporated and condensed milk market in the United States expanded remarkably to $ in , with an increase of % 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $. From 2014 to , the growth of the market remained at a lower figure.
, the amount of evaporated and condensed milk consumed in the United States amounted to tons, stabilizing at the year before. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.The size of the evaporated and condensed milk market in the United States expanded remarkably to $
in , with an increase of % 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $. From 2014 to , the growth of the market remained at a lower figure.Market Forecast
Depressed by shrinking demand for evaporated and condensed milk in the United States, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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 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 evaporated and condensed 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 evaporated and condensed milk.
Trade Balance
The United States remains a net importer of evaporated and condensed milk; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.
. In , there was a significant trade deficit of tons, which was equal to $.
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