Report Update Nov 1, 2024

Colombia - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Skim Milk Market 2024

Skim Milk Market Size in Colombia

In 2021, after four years of growth, there was decline in the Colombian skim milk market, when its value decreased by -0.5% to $X. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Skim Milk Production in Colombia

In value terms, skim milk production expanded slightly to $X in 2021 estimated in export price. Overall, production recorded a slight descent. The most prominent rate of growth was recorded in 2013 with an increase of 157%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Skim Milk Exports

Exports from Colombia

Skim milk exports from Colombia declined to X tons in 2021, falling by -14.5% compared with 2020 figures. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 138% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then dropped in the following year.

In value terms, skim milk exports shrank to $X in 2021. Overall, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 108% against the previous year. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

Peru (X tons), Aruba (X tons) and Venezuela (X tons) were the main destinations of skim milk exports from Colombia, with a combined 94% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +85.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for skim milk exported from Colombia were Aruba ($X), Peru ($X) and Venezuela ($X), with a combined 92% share of total exports.

Aruba, with a CAGR of +83.9%, recorded the highest growth rate of the value of exports, in terms of 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

The average skim milk export price stood at $X per ton in 2021, surging by 9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 46%. 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.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Curacao ($X per ton), while the average price for exports to Venezuela ($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 Curacao (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Skim Milk Imports

Imports into Colombia

In 2021, the amount of skim milk imported into Colombia rose sharply to X tons, increasing by 5.2% on 2020 figures. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 10,935% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, skim milk imports expanded modestly to $X in 2021. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 11,025% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main supplier of skim milk to Colombia, accounting for a 95% share of total imports. Moreover, skim milk imports from the United States exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +37.2%.

In value terms, the United States ($X) constituted the largest supplier of skim milk to Colombia, comprising 98% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a 0.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +25.9%.

Import Prices by Country

The average skim milk import price stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2020 when the average import price increased by 3.7%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 the Dominican Republic amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for skim milk in the world?

The countries with the highest volumes of skim milk consumption in 2021 were the United States, Germany and France, with a combined 29% share of global consumption. These countries were followed by New Zealand, Russia, Turkey, Ireland, Iran, the Netherlands, Poland, India, Belgium and Canada, which together accounted for a further 36%.

What are the largest producers of skim milk in the world?

The countries with the highest volumes of skim milk production in 2021 were the United States, Germany and France, with a combined 29% share of global production. New Zealand, Russia, Turkey, Ireland, Iran, the Netherlands, Poland, India, Canada and the UK lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of skim milk to Colombia?

In value terms, the United States constituted the largest supplier of skim milk to Colombia, comprising 99% of total imports. The second position in the ranking was occupied by the Dominican Republic $123), with a 0.4% share of total imports.

What are the leading importers of skim milk from Colombia?

In value terms, the largest markets for skim milk exported from Colombia were Aruba, Peru and Curacao, with a combined 92% share of total exports.

What is the average export price for skim milk in Colombia?

In 2021, the average skim milk export price amounted to $901 per ton, rising by 2.2% against the previous year.

What is the average import price for skim milk in Colombia?

In 2021, the average skim milk import price amounted to $645 per ton, declining by -4.4% against the previous year.

This report provides an in-depth analysis of the skim milk market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 888 - Skim Milk of Cows

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023