Brazil: Skim Milk Market 2024

Skim Milk Market Size in Brazil

In 2021, the Brazilian skim milk market increased by 1.8% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, recorded a slight curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Skim Milk Production in Brazil

In value terms, skim milk production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 150% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Skim Milk Exports

Exports from Brazil

In 2021, the amount of skim milk exported from Brazil skyrocketed to X tons, with an increase of 105% compared with 2020. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 1,143%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, skim milk exports soared to $X in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 941% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Uruguay (X tons) was the main destination for skim milk exports from Brazil, with a 80% share of total exports. Moreover, skim milk exports to Uruguay exceeded the volume sent to the second major destination, Argentina (X tons), more than tenfold. The third position in this ranking was taken by Angola (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uruguay totaled +81.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+93.7% per year) and Angola (+55.5% per year).

In value terms, Uruguay ($X) remains the key foreign market for skim milk exports from Brazil, comprising 53% of total exports. The second position in the ranking was taken by Oman ($X), with an 11% share of total exports. It was followed by Angola, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Uruguay stood at +77.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+27.4% per year) and Angola (+25.9% per year).

Export Prices by Country

The average skim milk export price stood at $X per ton in 2021, falling by -20.4% against the previous year. In general, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2013 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+0.0%), while the prices for the other major destinations experienced a decline.

Skim Milk Imports

Imports into Brazil

In 2021, the amount of skim milk imported into Brazil contracted rapidly to X tons, shrinking by -37% compared with the previous year's figure. In general, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of 85% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, skim milk imports fell dramatically to $X in 2021. Over the period under review, imports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 128%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of skim milk to Brazil, with a 63% share of total imports. Moreover, skim milk imports from France exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), twofold. The United States (X kg) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to -16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-38.4% per year) and the United States (-33.0% per year).

In value terms, France ($X) constituted the largest supplier of skim milk to Brazil, comprising 66% of total imports. The second position in the ranking was taken by Uruguay ($X), with a 17% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled -15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-35.8% per year) and the United States (-26.9% per year).

Import Prices by Country

The average skim milk import price stood at $X per ton in 2021, surging by 16% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, skim milk import price increased by +64.0% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 35% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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