Report Update Nov 1, 2024

Argentina - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

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Argentina: Powdered Milk Market 2024

Powdered Milk Market Size in Argentina

The Argentinian powdered milk market shrank remarkably to $X in 2022, waning by -28.3% against the previous year. In general, consumption saw a noticeable curtailment. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Powdered Milk Production in Argentina

In value terms, powdered milk production stood at $X in 2022 estimated in export price. Overall, production, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Powdered Milk Exports

Exports from Argentina

In 2022, the amount of powdered milk exported from Argentina soared to X tons, increasing by 27% against the previous year's figure. Overall, exports, however, continue to indicate a mild slump. The pace of growth appeared the most rapid in 2018 when exports increased by 55% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered milk exports soared to $X in 2022. Over the period under review, exports, however, recorded a mild slump. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Algeria (X tons), Brazil (X tons) and Peru (X tons) were the main destinations of powdered milk exports from Argentina, together accounting for 86% of total exports. Cuba, China, Chile and Venezuela lagged somewhat behind, together accounting for a further 7.3%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +22.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Brazil ($X) and Peru ($X) were the largest markets for powdered milk exported from Argentina worldwide, with a combined 86% share of total exports. Cuba, China, Chile and Venezuela lagged somewhat behind, together comprising a further 7%.

China, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, picking up by 16% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 20%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Venezuela ($X per ton) and Peru ($X per ton), while the average price for exports to China ($X per ton) and Cuba ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Argentina

In 2022, supplies from abroad of powdered milk decreased by -61.7% to X tons, falling for the third consecutive year after five years of growth. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 2,562%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered milk imports soared to $X in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 2,507%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of powdered milk imports to Argentina, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +410.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of powdered milk to Argentina, comprising 78% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by Germany, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +108.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+143.9% per year) and Germany (+324.6% per year).

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, increasing by 402% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+36.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for powdered, evaporated and condensed milk in the world?

The countries with the highest volumes of in 2021 were China, the United States and Brazil, together comprising 23% of global consumption. These countries were followed by France, Germany, Mexico, Peru, the Netherlands, Malaysia, Russia, Algeria, Indonesia and Saudi Arabia, which together accounted for a further 31%.

What are the largest producers of powdered, evaporated and condensed milk in the world?

The countries with the highest volumes of in 2021 were the United States, New Zealand and Germany, together comprising 37% of global production. France, Brazil, the Netherlands, Peru, Mexico, Belarus, Malaysia, the UK, Belgium and India lagged somewhat behind, together comprising a further 33%.

What are the leading suppliers of powdered, evaporated and condensed milk to Argentina?

In value terms, Chile constituted the largest supplier of powdered, evaporated and condensed milk to Argentina, comprising 47% of total imports. The second position in the ranking was occupied by Brazil, with a 23% share of total imports. It was followed by Uruguay, with an 11% share.

What are the leading importers of powdered, evaporated and condensed milk from Argentina?

In value terms, the largest markets for powdered, evaporated and condensed milk exported from Argentina were Algeria, Brazil and Peru, with a combined 92% share of total exports.

What is the average export price for powdered, evaporated and condensed milk in Argentina?

In 2021, the average export price for powdered, evaporated and condensed milk amounted to $3,000 per ton, growing by 1.9% against the previous year.

What is the average import price for powdered, evaporated and condensed milk in Argentina?

In 2021, the average import price for powdered, evaporated and condensed milk amounted to $1,956 per ton, which is down by -21.8% against the previous year.

This report provides an in-depth analysis of the powdered milk market 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 897 - Dry Whole Cow Milk
FCL 898 - Dry Skim Cow Milk

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023