Latin America and the Caribbean: Buttermilk Market 2020

Buttermilk Market Size in Latin America and the Caribbean

The revenue of the buttermilk market in Latin America and the Caribbean amounted to $X in 2017, falling by -X% against the previous year. The buttermilk consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when market value increased by X% year-to-year. Over the period under review, the buttermilk market reached its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Buttermilk Production in Latin America and the Caribbean

In 2017, the amount of buttermilk produced in Latin America and the Caribbean stood at X tons, going up by X% against the previous year. The buttermilk production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016, with an increase of X% y-o-y. The volume of buttermilk production peaked in 2017, and is expected to retain its growth in the immediate term.

Buttermilk Exports in Latin America and the Caribbean

The exports amounted to X tons in 2017, coming up by X% against the previous year. The buttermilk exports continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. In that year, the buttermilk exports attained their peak volume of X tons. From 2009 to 2017, growth of the buttermilk exports stood at a somewhat lower level.

In value terms, buttermilk exports stood at $X in 2017. The buttermilk exports continue to indicate a drastic descent. In that year, the buttermilk exports attained their peak level of $X. From 2009 to 2017, growth of the buttermilk exports failed to regain its momentum.

Buttermilk Exports by Country in Latin America and the Caribbean

Mexico was the main exporter of buttermilk in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was near X% of total exports in 2017. It was distantly followed by Uruguay (X tons) and Brazil (X tons), together generating X% share of total exports. Argentina (X tons), Colombia (X tons), the Dominican Republic (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of +X% from 2007 to 2017. At the same time, the Dominican Republic (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Argentina (-X%), Brazil (-X%), Costa Rica (-X%) and Uruguay (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Uruguay, Brazil, Argentina and Costa Rica increased by X%, X%, X% and X% percentage points, while Colombia (-X%), the Dominican Republic (-X%) and Mexico (-X%) saw their share reduced.

In value terms, the largest buttermilk markets worldwide were Mexico ($X), Uruguay ($X) and Argentina ($X), with a combined X% share of total exports. These countries were followed by Brazil, the Dominican Republic, Costa Rica and Colombia, which together accounted for a further X%.

The Dominican Republic (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Buttermilk Export Prices by Country in Latin America and the Caribbean

In 2017, the buttermilk export price in Latin America and the Caribbean amounted to $X per ton, declining by -X% against the previous year. The buttermilk export price continues to indicate a temperate reduction. The growth pace was the most rapid in 2010, when it surged by X% against the previous year. The level of export price peaked of $X per ton in 2008; however, from 2009 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Uruguay ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Buttermilk Imports in Latin America and the Caribbean

The imports amounted to X tons in 2017, jumping by X% against the previous year. The buttermilk imports continue to indicate a moderate decline. The pace of growth appeared the most rapid in 2011, when imports increased by X% against the previous year. The volume of imports peaked of X tons in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

In value terms, buttermilk imports totaled $X in 2017. The buttermilk imports continue to indicate an abrupt shrinkage. Over the period under review, the buttermilk imports reached its maximum level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Buttermilk Imports by Country in Latin America and the Caribbean

In 2017, Mexico (X tons) represented the main importer for buttermilk, generating X% of total imports. It was distantly followed by Peru (X tons), generating X% share of total imports. Uruguay (X tons), Aruba (X tons), Bahamas (X tons), the Dominican Republic (X tons), Venezuela (X tons), Honduras (X tons) and Guatemala (X tons) followed a long way behind the leaders.

Imports into Mexico decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Bahamas (+X%), the Dominican Republic (+X%), Honduras (+X%) and Guatemala (+X%) displayed positive paces of growth. Moreover, Bahamas emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Peru and Aruba experienced a relatively flat trend pattern. By contrast, Uruguay (-X%) and Venezuela (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Mexico, Venezuela and Uruguay increased by X%, X% and X% percentage points, while the Dominican Republic (-X%) and Bahamas (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported buttermilk in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Peru ($X), with a X% share of global imports. It was followed by Venezuela, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Mexico totaled -X%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (-X% per year) and Venezuela (-X% per year).

Buttermilk Import Prices by Country in Latin America and the Caribbean

The buttermilk import price in Latin America and the Caribbean stood at $X per ton in 2017, approximately reflecting the previous year. The buttermilk import price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% against the previous year. In that year, the import prices for buttermilk reached their peak level of $X per ton. From 2009 to 2017, growth of the import prices for buttermilk failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Venezuela ($X per ton), while Bahamas ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Honduras (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform