Latin America and the Caribbean: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Latin America and the Caribbean

The Latin American market for powdered, evaporated and condensed milk expanded significantly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Powdered, Evaporated And Condensed Milk in Latin America and the Caribbean

In value terms, powdered, evaporated and condensed milk production expanded modestly to $X in 2022 estimated in export price. In general, production, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports in Latin America and the Caribbean

In 2022, approx. X tons of powdered, evaporated and condensed milk were exported in Latin America and the Caribbean; picking up by X% compared with 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk exports surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) and Uruguay (X tons) prevails in exports structure, together achieving X% of total exports. It was distantly followed by Chile (X tons) and Mexico (X tons), together committing a X% share of total exports. Peru (X tons), Brazil (X tons) and Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Argentina ($X), Uruguay ($X) and Chile ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Mexico, Brazil, Paraguay and Peru lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Paraguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, evaporated and condensed milk export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports in Latin America and the Caribbean

Powdered, evaporated and condensed milk imports surged to X tons in 2022, jumping by X% on the previous year. Over the period under review, imports, however, continue to indicate a slight decline. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk imports surged to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico was the major importer of powdered, evaporated and condensed milk in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Brazil (X tons), Peru (X tons), Colombia (X tons), Cuba (X tons), the Dominican Republic (X tons) and Venezuela (X tons), together committing a X% share of total imports. Guatemala (X tons), Chile (X tons), El Salvador (X tons) and Trinidad and Tobago (X tons) took a minor share of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of powdered, evaporated and condensed milk. At the same time, Colombia (X%), El Salvador (X%), Guatemala (X%), the Dominican Republic (X%) and Peru (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Brazil, Cuba, Chile and Trinidad and Tobago experienced a relatively flat trend pattern. By contrast, Venezuela (X%) illustrated a downward trend over the same period. Mexico (X p.p.), Colombia (X p.p.), Peru (X p.p.), Brazil (X p.p.) and the Dominican Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Venezuela saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported powdered, evaporated and condensed milk in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Peru, with an X% share.

In Mexico, powdered, evaporated and condensed milk imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Peru (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. In general, the import price continues to indicate mild growth. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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