Latin America and the Caribbean: Cream Market 2021

Cream Market Size in Latin America and the Caribbean

For the fourth consecutive year, the Latin American cream market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level in 2020 and is likely to see gradual growth in years to come.

Cream Production in Latin America and the Caribbean

In value terms, cream production expanded to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% year-to-year. The level of production peaked in 2020 and is likely to continue growth in years to come.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of cream production in 2020 were Argentina (X tons), Brazil (X tons) and Colombia (X tons), together comprising X% of total production.

From 2007 to 2020, the biggest increases were in Colombia, while cream production for the other leaders experienced more modest paces of growth.

Cream Exports

Exports in Latin America and the Caribbean

In 2020, shipments abroad of cream increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. As a result, exports reached the peak of X tons. From 2011 to 2020, the growth exports remained at a lower figure.

In value terms, cream exports shrank slightly to $X in 2020. Overall, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2011 to 2020, the growth exports failed to regain the momentum.

Exports by Country

In 2020, Argentina (X tons) represented the largest exporter of cream, creating X% of total exports. Uruguay (X tons) took an X% share (based on tons) of total exports, which put it in second place, followed by Colombia (X%).

Argentina was also the fastest-growing in terms of the cream exports, with a CAGR of +X% from 2007 to 2020. Colombia (-X%) and Uruguay (-X%) illustrated a downward trend over the same period. While the share of Argentina (+X p.p.) and Colombia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest cream supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in Argentina totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (-X% per year) and Uruguay (-X% per year).

Export Prices by Country

The cream export price in Latin America and the Caribbean stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, export prices attained the peak figure at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Colombia ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the other leaders experienced a decline in the export price figures.

Cream Imports

Imports in Latin America and the Caribbean

In 2020, supplies from abroad of cream increased by X% to X tons, rising for the third consecutive year after eight years of decline. In general, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2010 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, cream imports expanded modestly to $X in 2020. Overall, imports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2010 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Venezuela (X tons), distantly followed by Mexico (X tons), Guatemala (X tons), Bolivia (X tons) and Antigua and Barbuda (X tons) were the major importers of cream, together generating X% of total imports. The following importers - El Salvador (X tons) and Paraguay (X tons) - each amounted to a X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by El Salvador, while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Bolivia ($X) and Venezuela ($X) were the countries with the highest levels of imports in 2020, together comprising X% of total imports. Guatemala, Antigua and Barbuda, Paraguay and El Salvador lagged somewhat behind, together comprising a further X Salvador saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The cream import price in Latin America and the Caribbean stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Bolivia ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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