United States+12.7% dairy export
Jan-Feb 2018 y-o-y
in value
The export volume increases more than the value, a sign that the competitiveness of U.S. dollar against the Euro, together with the low market prices of “Made in USA” dairy products, pushes sales over the border.
If we make a global price comparison, U.S. prices of cheese, butter, WMP, milk and whey powder are lower than in Oceania, in the EU and at Global Dairy Trade auction.
United States+12.2% Cheese export
Jan-Feb 2018 y-o-y
in value
On the NAFTA side, the trade agreement put in discussion by U.S. President Trump, a double trend of the U.S. market is emerging at this stage. Dairy export to Mexico grows fast, while the Jan-Feb export to Canada shows a significant decrease. Is it a temporary trend or is it going to last?
Exports to China are growing for different products: cheese (+58%), whey powder (+1%), infant formula (+182%). Instead, SMP exports to China plunged: -42% in the first two months of 2018, year-over-year.
UNITED STATES: dairy products Export year-to-date (February) | ||||||
QUANTITY (Tons) | VALUE (’000 USD) | |||||
2017 | 2018 | ± on 2017 | 2017 | 2018 | ± on 2017 | |
Cheese | 49.246 | 55.233 | +12,2% | 213.020 | 233.600 | +9,7% |
SMP | 100.134 | 116.894 | +16,7% | 224.649 | 214.787 | -4,4% |
Whey Powder | 83.896 | 93.849 | +11,9% | 114.457 | 106.580 | -6,9% |
Infant milk formula | 7.448 | 6.002 | -19,4% | 50.291 | 58.285 | +15,9% |
Lactose Pharmaceutical | 40.014 | 48.552 | +21,3% | 39.731 | 39.833 | +0,3% |
Butter | 3.928 | 5.222 | +32,9% | 16.908 | 20.890 | +23,6% |
Milk and cream | 16.058 | 15.869 | -1,2% | 16.440 | 15.472 | -5,9% |
of which: | ||||||
- Bulk and pack. milk | 11.484 | 12.247 | +6,6% | 10.195 | 11.949 | +17,2% |
- Cream | 4.574 | 3.622 | -20,8% | 6.244 | 3.523 | -43,6% |
Other products* | 24.066 | 24.450 | +1,6% | 45.268 | 40.209 | -11,2% |
TOTAL EXPORT | 324.791 | 366.071 | +12,7% | 720.764 | 729.655 | +1,2% |
* Other products: Yogurt and buttermilk, Lactose edible, WMP, Condensed Milk, Caseinates, CaseinData processed by Clal based on GTIS source. |
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