Argentina: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Argentina

The Argentinian market for powdered, condensed or evaporated milk declined markedly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced slump. Powdered, condensed or evaporated milk consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Powdered, Condensed Or Evaporated Milk in Argentina

In value terms, powdered, condensed or evaporated milk production amounted to $X in 2022 estimated in export price. In general, production, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Argentina

In 2022, approx. X tons of powdered, condensed or evaporated milk were exported from Argentina; rising by X% against 2021. Overall, exports, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. 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, condensed or evaporated milk exports skyrocketed to $X in 2022. In general, exports, however, recorded a mild shrinkage. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 export price for powdered, condensed or evaporated milk amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. 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 external 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 ($X per ton) and Chile ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Argentina

For the third year in a row, Argentina recorded decline in purchases abroad of powdered, condensed or evaporated milk, which decreased by X% to X tons in 2022. Overall, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk imports soared to $X in 2022. Over the period under review, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and France (X% per year).

In value terms, Brazil ($X), the United States ($X) and France ($X) were the largest powdered, condensed or evaporated milk suppliers to Argentina, together accounting for X% of total imports.

Among the main suppliers, France, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, rising by X% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached 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 ($X per ton), while the price for Peru ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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