Dairy Produce Market in the United States
Market Overview
The U.S. dairy produce market rose modestly 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). Overall, the total consumption indicated a perceptible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption attained the peak level of $. From to , the growth of the market failed to regain momentum.
In value terms, dairy produce production rose markedly to $ in . Over the period under review, the total production indicated a temperate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The growth pace was the most rapid in when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From to , production growth remained at a somewhat lower figure.
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). Overall, the total consumption indicated a perceptible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption attained the peak level of $. From to , the growth of the market failed to regain momentum.In value terms, dairy produce production rose markedly to $
in . Over the period under review, the total production indicated a temperate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The growth pace was the most rapid in when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From to , production growth remained at a somewhat lower figure.Consumption
After twelve years of growth, consumption of dairy produce decreased by -% to tons in . The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Dairy produce consumption peaked at tons in , and then fell modestly in the following year.
The revenue of the dairy produce market in the United States expanded modestly to $ in , increasing 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). Over the period under review, the total consumption indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption reached the peak level of $. From to , the growth of the market failed to regain momentum.
% to tons in . The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Dairy produce consumption peaked at tons in , and then fell modestly in the following year.The revenue of the dairy produce market in the United States expanded modestly to $
in , increasing 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). Over the period under review, the total consumption indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption reached the peak level of $. From to , the growth of the market failed to regain momentum.Consumption by Type
Whole fresh milk ( tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, whole fresh milk exceeded the figures recorded for the second-largest type, skim milk ( tons), sixfold. The third position in this ranking was held by cheese ( tons), with a % share.
From 2007 to, the average annual growth rate of the volume of whole fresh milk consumptions amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: skim milk (+% per year) and cheese (+% per year).
In value terms, whole fresh milk ($) led the market, alone. The second position in the ranking was taken by cheese ($). It was followed by skim milk.
From 2007 to, the average annual rate of growth in terms of the value of whole fresh milk markets amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: cheese (+% per year) and skim milk (+% per year).
tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, whole fresh milk exceeded the figures recorded for the second-largest type, skim milk ( tons), sixfold. The third position in this ranking was held by cheese ( tons), with a % share.From 2007 to
, the average annual growth rate of the volume of whole fresh milk consumptions amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: skim milk (+% per year) and cheese (+% per year).In value terms, whole fresh milk ($
) led the market, alone. The second position in the ranking was taken by cheese ($). It was followed by skim milk.From 2007 to
, the average annual rate of growth in terms of the value of whole fresh milk markets amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: cheese (+% per year) and skim milk (+% per year).Market Forecast
Driven by increasing demand for dairy produce in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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 dairy produce 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 dairy produce.
Trade Balance
The United States remains a net exporter of dairy produce; 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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