MERCOSUR: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in MERCOSUR

The MERCOSUR buttermilk and buttermilk powder market dropped modestly to $X in 2022, waning by -3.5% against the previous year. In general, consumption saw a pronounced descent. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Buttermilk And Buttermilk Powder in MERCOSUR

In value terms, buttermilk and buttermilk powder production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 8.7%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Buttermilk And Buttermilk Powder

Exports in MERCOSUR

In 2022, approx. X tons of buttermilk and buttermilk powder were exported in MERCOSUR; growing by 6.6% against the previous year's figure. Overall, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 94% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, buttermilk and buttermilk powder exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2021 when exports increased by 182% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay represented the key exporting country with an export of about X tons, which accounted for 70% of total exports. Argentina (X tons) ranks second in terms of the total exports with a 17% share, followed by Brazil (9.3%). Colombia (X tons) followed a long way behind the leaders.

Uruguay experienced a relatively flat trend pattern with regard to volume of exports of buttermilk and buttermilk powder. At the same time, Colombia (+4.2%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +4.2% from 2012-2022. Argentina experienced a relatively flat trend pattern. By contrast, Brazil (-10.3%) illustrated a downward trend over the same period. Uruguay (+24 p.p.) and Argentina (+7.4 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -7.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uruguay ($X) remains the largest buttermilk and buttermilk powder supplier in MERCOSUR, comprising 84% of total exports. The second position in the ranking was taken by Argentina ($X), with a 10% share of total exports. It was followed by Brazil, with a 3.3% share.

In Uruguay, buttermilk and buttermilk powder exports expanded at an average annual rate of +1.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (+4.4% per year) and Brazil (-16.9% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, jumping by 24% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, buttermilk and buttermilk powder export price increased by +79.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 45%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Buttermilk And Buttermilk Powder

Imports in MERCOSUR

In 2022, buttermilk and buttermilk powder imports in MERCOSUR shrank slightly to X tons, dropping by -1.9% against 2021. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, buttermilk and buttermilk powder imports expanded sharply to $X in 2022. Overall, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 100% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Peru (X tons) and Brazil (X tons) represented the major importers of buttermilk and buttermilk powder in MERCOSUR, together accounting for approx. 78% of total imports. It was distantly followed by Uruguay (X tons), comprising a 10% share of total imports. Colombia (X tons), Argentina (X tons) and Suriname (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Colombia (with a CAGR of +17.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X), Peru ($X) and Uruguay ($X) were the countries with the highest levels of imports in 2022, together comprising 93% of total imports. Colombia, Argentina and Suriname lagged somewhat behind, together accounting for a further 3.8%.

Colombia, with a CAGR of +17.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, rising by 11% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, buttermilk and buttermilk powder import price increased by +62.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Suriname ($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 (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform