Mexico - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMexico's Powdered Milk Imports Drop to $538M in 2023
Mexico Powdered Milk Imports
In 2023, imports of powdered milk into Mexico contracted notably to 177K tons, waning by -37.8% on 2022. Overall, imports showed a mild curtailment. The pace of growth appeared the most rapid in 2022 when imports increased by 67% against the previous year. Over the period under review, imports hit record highs at 350K tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.
In value terms, powdered milk imports dropped remarkably to $538M (IndexBox estimates) in 2023. Over the period under review, imports recorded a pronounced decline. The pace of growth appeared the most rapid in 2022 with an increase of 126% against the previous year. As a result, imports attained the peak of $1.1B, and then dropped significantly in the following year.
| COUNTRY | Import Value of Powdered Milk in Mexico (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 739 | 802 | 530 | 542 | 594 | 679 | 786 | 777 | 490 | 1,107 | 526 |
| New Zealand | 38.4 | 25.2 | 16.5 | 27.7 | 9.7 | 4.8 | 4.3 | N/A | 0.5 | 1.3 | 11.4 |
| Others | 37.2 | 12.4 | 21.4 | N/A | 10.0 | 9.1 | 12.2 | 7.1 | N/A | 0.8 | N/A |
| Total | 814 | 840 | 568 | 570 | 614 | 693 | 803 | 784 | 491 | 1,109 | 538 |
Imports by Country
In 2023, the United States (174K tons) was the main supplier of powdered milk to Mexico, accounting for a 98% share of total imports. It was followed by New Zealand (3K tons), with a 1.7% share of total imports.
From 2013 to 2023, the average annual growth rate of volume from the United States was relatively modest.
In value terms, the United States ($526M) constituted the largest supplier of powdered milk to Mexico, comprising 98% of total imports. The second position in the ranking was taken by New Zealand ($11M), with a 2.1% share of total imports.
From 2013 to 2023, the average annual rate of growth in terms of value from the United States totaled -3.3%.
Imports by Type
In 2023, skim powdered milk (174K tons) was the main type of powdered milk supplied to Mexico, accounting for a 98% share of total imports. It was followed by powdered unsweetened milk and cream of fat weight content over 1.5% (3.7K tons), with a 2.1% share of total imports.
From 2013 to 2023, the average annual growth rate of the volume of skim powdered milk imports totaled -1.3%.
In value terms, skim powdered milk ($523M) constituted the largest type of powdered milk supplied to Mexico, comprising 97% of total imports. The second position in the ranking was taken by powdered unsweetened milk and cream of fat weight content over 1.5% ($15M), with a 2.8% share of total imports.
Import Prices by Country
In 2023, the powdered milk price amounted to $3,034 per ton (CIF, Mexico), which is down by -22% against the previous year. In general, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2022 an increase of 35%. Over the period under review, average import prices hit record highs at $4,089 per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($3,845 per ton), while the price for the United States totaled $3,020 per ton.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (-0.5%).
This report provides an in-depth analysis of the powdered milk market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Producing Animals Slaughtered, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
