Argentina: Market for Evaporated And Condensed Milk 2025

Market Size for Evaporated And Condensed Milk in Argentina

The Argentinian evaporated and condensed milk market fell slightly to $X in 2022, almost unchanged from the previous year. Overall, consumption recorded a mild decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Evaporated And Condensed Milk in Argentina

In value terms, evaporated and condensed milk production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 155%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Evaporated And Condensed Milk

Exports from Argentina

For the fourth year in a row, Argentina recorded growth in overseas shipments of evaporated and condensed milk, which increased by 13% to X tons in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 574% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, evaporated and condensed milk exports reduced to $X in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 528%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Uruguay (X tons), Paraguay (X tons) and Guyana (X tons) were the main destinations of evaporated and condensed milk exports from Argentina, with a combined 96% share of total exports.

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 +124.2%), while the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X), Uruguay ($X) and Chile ($X) appeared to be the largest markets for evaporated and condensed milk exported from Argentina worldwide, together comprising 95% of total exports.

Among the main countries of destination, Uruguay, with a CAGR of +70.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average evaporated and condensed milk export price stood at $X per ton in 2022, with a decrease of -15.1% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, evaporated and condensed milk export price decreased by -28.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 122% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Guyana ($X per ton) was amongst the lowest.

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 Evaporated And Condensed Milk

Imports into Argentina

In 2022, overseas purchases of evaporated and condensed milk decreased by -17.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 86%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, evaporated and condensed milk imports fell modestly to $X in 2022. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 81% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest evaporated and condensed milk supplier to Argentina, with a 89% share of total imports. Moreover, evaporated and condensed milk imports from Brazil exceeded the figures recorded by the second-largest supplier, Peru (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +167.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+39.0% per year) and Germany (+93.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of evaporated and condensed milk to Argentina, comprising 94% of total imports. The second position in the ranking was taken by Peru ($X), with a 4.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +142.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+32.2% per year) and Germany (+62.9% per year).

Import Prices by Country

The average evaporated and condensed milk import price stood at $X per ton in 2022, with an increase of 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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