Latin America and the Caribbean: Fermented Milk Products Market 2020

Fermented Milk Products Market Size in Latin America and the Caribbean

The revenue of the fermented milk products market in Latin America and the Caribbean amounted to $X in 2017, shrinking by -X% against the previous year. The fermented milk products consumption continues to indicate a mild slump. The pace of growth was the most pronounced in 2011, when it surged by X% year-to-year. Over the period under review, the fermented milk products market reached its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Fermented Milk Products Production in Latin America and the Caribbean

In 2017, the amount of curdled milk, cream, yogurt or acidified milk and other fermented products produced in Latin America and the Caribbean amounted to X tons, going down by -X% against the previous year. The total output indicated a temperate growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the fermented milk products production increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2011, when the output figure increased by X% year-to-year. Over the period under review, the fermented milk products production attained its peak figure volume of X tons in 2016, and then declined slightly in the following year.

Fermented Milk Products Exports in Latin America and the Caribbean

The exports totaled X tons in 2017, reducing by -X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2008, when exports increased by X% y-o-y. In that year, the fermented milk products exports reached their peak volume of X tons. From 2009 to 2017, growth of the fermented milk products exports failed to regain its momentum.

In value terms, fermented milk products exports totaled $X in 2017. The fermented milk products exports continue to indicate a mild decrease. In that year, the fermented milk products exports attained their peak level of $X. From 2009 to 2017, growth of the fermented milk products exports stood at a somewhat lower level.

Fermented Milk Products Exports by Country in Latin America and the Caribbean

Mexico represented the main exporting country with an export of around X tons, which reached X% of total exports. El Salvador (X tons) ranks second in terms of the global exports with a X% share, followed by Costa Rica (X%) and Argentina (X%). Uruguay (X tons), Brazil (X tons) and Honduras (X tons) took the minor share of total exports.

From 2007 to 2017, average annual rates of growth with regard to fermented milk products exports from Mexico stood at +X%. At the same time, El Salvador (+X%), Costa Rica (+X%) and Honduras (+X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Brazil (-X%), Argentina (-X%) and Uruguay (-X%) illustrated a downward trend over the same period. While the share of Uruguay (X%), Argentina (X%) and Brazil (X%) increased significantly in terms of the global exports from 2007-2017, the share of Costa Rica (-X%), El Salvador (-X%) and Mexico (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest fermented milk products supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Costa Rica ($X), with a X% share of global exports. It was followed by El Salvador, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Mexico amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Costa Rica (+X% per year) and El Salvador (+X% per year).

Fermented Milk Products Export Prices by Country in Latin America and the Caribbean

In 2017, the fermented milk products export price in Latin America and the Caribbean amounted to $X per ton, lowering by -X% against the previous year. The fermented milk products export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. In that year, the export prices for curdled milk, cream, yogurt or acidified milk and other fermented products attained their peak level of $X per ton. From 2009 to 2017, growth of the export prices for curdled milk, cream, yogurt or acidified milk and other fermented products failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Uruguay ($X per ton), while Mexico ($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 Honduras (+X% per year), while the other leaders experienced more modest paces of growth.

Fermented Milk Products Imports in Latin America and the Caribbean

In 2017, the amount of curdled milk, cream, yogurt or acidified milk and other fermented products imported in Latin America and the Caribbean amounted to X tons, growing by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. The volume of imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, fermented milk products imports totaled $X in 2017. The fermented milk products imports continue to indicate a relatively flat trend pattern. The level of imports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Fermented Milk Products Imports by Country in Latin America and the Caribbean

In 2017, Guatemala (X tons) and Mexico (X tons) represented the largest importers of curdled milk, cream, yogurt or acidified milk and other fermented products in the globe, together generating X% of total imports. Peru (X tons) took the second position in the ranking, followed by Honduras (X tons). All these countries together took near X% share of total imports. Uruguay (X tons), Nicaragua (X tons), the Dominican Republic (X tons), Aruba (X tons), Costa Rica (X tons), El Salvador (X tons), Trinidad and Tobago (X tons) and Bahamas (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Nicaragua (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported curdled milk, cream, yogurt or acidified milk and other fermented products in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of global imports. It was followed by Peru, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Mexico amounted to -X%. In the other countries, the average annual rates were as follows: Guatemala (+X% per year) and Peru (-X% per year).

Fermented Milk Products Import Prices by Country in Latin America and the Caribbean

The fermented milk products import price in Latin America and the Caribbean stood at $X per ton in 2017, picking up by X% against the previous year. The fermented milk products import price continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. In that year, the import prices for curdled milk, cream, yogurt or acidified milk and other fermented products reached their peak level of $X per ton. From 2009 to 2017, growth of the import prices for curdled milk, cream, yogurt or acidified milk and other fermented products stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Trinidad and Tobago ($X per ton), while Guatemala ($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 Uruguay (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform