Report Update Nov 1, 2024

Argentina - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights

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Argentina: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Argentina

The Argentinian market for condensed or evaporated milk (sweetened) fell to $X in 2022, reducing by -6.3% against the previous year. Overall, consumption recorded a perceptible setback. Sweetened condensed and evaporated milk consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Condensed Or Evaporated Milk (Sweetened) in Argentina

In value terms, sweetened condensed and evaporated milk production rose slightly to $X in 2022 estimated in export price. Over the period under review, production posted a resilient expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 150%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Argentina

In 2022, shipments abroad of condensed or evaporated milk (sweetened) increased by 12% to X tons, rising for the fifth consecutive year after three years of decline. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by 6,464%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, sweetened condensed and evaporated milk exports reduced slightly to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 4,777%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Uruguay (X tons) and Paraguay (X tons) were the main destinations of sweetened condensed and evaporated milk exports from Argentina.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uruguay (with a CAGR of +160.4%).

In value terms, the largest markets for sweetened condensed and evaporated milk exported from Argentina were Paraguay ($X) and Uruguay ($X).

In terms of the main countries of destination, Uruguay, with a CAGR of +219.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $X per ton, declining by -14.6% against the previous year. Overall, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 123% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Uruguay stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+96.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Argentina

After two years of growth, overseas purchases of condensed or evaporated milk (sweetened) decreased by -21.8% to X tons in 2022. In general, imports faced a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 114%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sweetened condensed and evaporated milk imports declined slightly to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 102%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) was the main sweetened condensed and evaporated milk supplier to Argentina, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +167.1%.

In value terms, Brazil ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to Argentina.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +142.1%.

Import Prices by Country

In 2022, the average import price for condensed or evaporated milk (sweetened) amounted to $X per ton, with an increase of 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to -0.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensed or evaporated milk (sweetened) in the world?

The United States constituted the country with the largest volume of sweetened condensed and evaporated milk consumption, accounting for 35% of total volume. Moreover, sweetened condensed and evaporated milk consumption in the United States exceeded the figures recorded by the second-largest consumer, Malaysia, threefold. The third position in this ranking was occupied by the UK, with a 6% share.

What are the largest producers of condensed or evaporated milk (sweetened) in the world?

The country with the largest volume of sweetened condensed and evaporated milk production was the United States, accounting for 34% of total volume. Moreover, sweetened condensed and evaporated milk production in the United States exceeded the figures recorded by the second-largest producer, Malaysia, threefold. The third position in this ranking was occupied by Saudi Arabia, with a 7.7% share.

What are the leading suppliers of condensed or evaporated milk (sweetened) to Argentina?

In value terms, Chile constituted the largest supplier of sweetened condensed and evaporated milk to Argentina, comprising 59% of total imports. The second position in the ranking was occupied by Brazil, with a 29% share of total imports. It was followed by Spain, with a 9.2% share.

What are the leading importers of condensed or evaporated milk (sweetened) from Argentina?

In value terms, Costa Rica remains the key foreign market for sweetened condensed and evaporated milk exports from Argentina, comprising 75% of total exports. The second position in the ranking was occupied by Ecuador, with a 22% share of total exports.

What is the average export price for condensed or evaporated milk (sweetened) in Argentina?

In 2021, the average export price for condensed or evaporated milk sweetened) amounted to $1,677 per ton, shrinking by -7.3% against the previous year.

What is the average import price for condensed or evaporated milk (sweetened) in Argentina?

In 2021, the average import price for condensed or evaporated milk sweetened) amounted to $1,863 per ton, picking up by 3.2% against the previous year.

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Argentina. 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 889 - Whole Milk, Condensed
FCL 896 - Skim Milk, Condensed

Country coverage:

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023