Bolivia: Powdered Milk Market 2024

Powdered Milk Market Size in Bolivia

In 2022, the Bolivian powdered milk market decreased by -5% to $X, falling for the fourth year in a row after two years of growth. In general, consumption showed a pronounced descent. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Powdered Milk Production in Bolivia

In value terms, powdered milk production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 26% against the previous year. Powdered milk production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Powdered Milk Exports

Exports from Bolivia

In 2022, overseas shipments of powdered milk increased by 5.7% to X tons, rising for the fourth year in a row after two years of decline. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 113%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, powdered milk exports soared to $X in 2022. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 94% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Colombia (X tons) was the main destination for powdered milk exports from Bolivia, with a 84% share of total exports. Moreover, powdered milk exports to Colombia exceeded the volume sent to the second major destination, Peru (X tons), sixfold. The third position in this ranking was held by Venezuela (X tons), with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia amounted to +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-6.5% per year) and Venezuela (-20.1% per year).

In value terms, Colombia ($X) remains the key foreign market for powdered milk exports from Bolivia, comprising 84% of total exports. The second position in the ranking was taken by Peru ($X), with a 15% share of total exports. It was followed by Venezuela, with a 0.4% share.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-4.4% per year) and Venezuela (-20.4% per year).

Export Prices by Country

The average powdered milk export price stood at $X per ton in 2022, increasing by 20% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk export price increased by +75.0% against 2016 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($X per ton) and Colombia ($X per ton), while the average price for exports to Ecuador ($X per ton) and Venezuela ($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 (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Powdered Milk Imports

Imports into Bolivia

In 2022, the amount of powdered milk imported into Bolivia amounted to X tons, flattening at the previous year's figure. Over the period under review, imports saw noticeable growth. The most prominent rate of growth was recorded in 2015 with an increase of 145% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, powdered milk imports expanded rapidly to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 61%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Uruguay (X tons) constituted the largest supplier of powdered milk to Bolivia, accounting for a 61% share of total imports. Moreover, powdered milk imports from Uruguay exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Uruguay amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+28.7% per year) and the Netherlands (+7.5% per year).

In value terms, Uruguay ($X) constituted the largest supplier of powdered milk to Bolivia, comprising 58% of total imports. The second position in the ranking was held by Paraguay ($X), with a 25% share of total imports. It was followed by the Netherlands, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Uruguay stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+34.0% per year) and the Netherlands (+5.1% per year).

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, surging by 13% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk import price increased by +105.4% against 2015 indices. The growth pace was the most rapid in 2019 when the average import price increased by 19% against the previous year. The import price peaked in 2022 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 Netherlands ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform