1、 United States Department of Agriculture Foreign Agricultural Service Approved by the World Agricultural Outlook Board/USDA December 2022 Thus far in 2022 record exports-on a value basis-are being set across all dairy commodities,driven by strong international dairy product prices.Through October,da

2、iry export values are up 25 percent,with robust growth across the major product groups including skim milk powder(NDM/SMP),whey,lactose,cheese,and butter;however,from a volume perspective,average export growth across commodities is a more modest 5 percent.Nowhere is this dichotomy more prevalent tha

3、n with NDM,where export quantities have fallen 8 percent over this period while export values have increased 27 percent.For the current year,NDM exports are forecast to fall about 8 percent to 819,000 tons due to slowing shipments to China where consumption of SMP has shifted to whole milk powder(WM

4、P)in response to higher prices and higher domestic WMP production.NDM/SMP exports are expected to rebound in 2023 to 836,000 tons as higher milk production drives production higher for a number of dairy products.Note:Given“Other”is a mix of different units of measurement,volume change is unavailable

5、 Through October,whey and cheese exports saw similar activity with volume growth of 7 percent and 13 percent,respectively,while values grew 38 percent and 26 percent,respectively.Butter was the one major dairy product where export volume growth has outpaced export value growth,reflecting significant

6、ly lower unit values to Mexico and Canada.$2,602$1,889$1,546$478$230$222$223$140$124$5370%10%20%30%40%Non-Fat Dry MilkCheese And CurdWheyLactoseButter And MilkfatIce CreamInfant Formula/PrepsFood PreparationsDry Whole Milk&CreamOtherComposition of U.S.Dairy Exports Jan-Oct 2022($Millions)Jan-Oct$7,9