Bolivia: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Bolivia

The Bolivian market for powdered, condensed or evaporated milk was estimated at $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, recorded a mild decline. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Powdered, Condensed Or Evaporated Milk in Bolivia

In value terms, powdered, condensed or evaporated milk production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Powdered, condensed or evaporated milk production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Bolivia

In 2022, overseas shipments of powdered, condensed or evaporated milk increased by X% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk exports surged to $X in 2022. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs 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, condensed or evaporated milk exports from Bolivia, with a X% share of total exports. Moreover, powdered, condensed or evaporated milk exports to Colombia exceeded the volume sent to the second major destination, Peru (X tons), sixfold. Venezuela (X tons) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Venezuela (X% per year).

Export Prices by Country

The average export price for powdered, condensed or evaporated milk stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated modest growth 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. Based on 2022 figures, powdered, condensed or evaporated milk export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X% 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 external 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Bolivia

In 2022, approx. X tons of powdered, condensed or evaporated milk were imported into Bolivia; surging by X% on the previous year. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk imports surged to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Peru (X tons) constituted the largest powdered, condensed or evaporated milk supplier to Bolivia, with a X% share of total imports. Moreover, powdered, condensed or evaporated milk imports from Peru exceeded the figures recorded by the second-largest supplier, Chile (X tons), threefold. Uruguay (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Peru was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Uruguay (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Peru was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Paraguay (X% per year).

Import Prices by Country

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Paraguay ($X per ton), while the price for Chile ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform