MERCOSUR: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in MERCOSUR

The MERCOSUR market for powdered, evaporated and condensed milk rose slightly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption showed a noticeable shrinkage. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Powdered, Evaporated And Condensed Milk in MERCOSUR

In value terms, powdered, evaporated and condensed milk production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports in MERCOSUR

Powdered, evaporated and condensed milk exports was estimated at X tons in 2022, growing by X% on 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk exports soared to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure 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) were the main exporters of powdered, evaporated and condensed milk in 2022, finishing at near X% and X% of total exports, respectively. It was distantly followed by Chile (X tons), constituting a X% share of total exports. The following exporters - Peru (X tons), Brazil (X tons) and Paraguay (X tons) - together made up X% of total exports.

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, the largest powdered, evaporated and condensed milk supplying countries in MERCOSUR were Argentina ($X), Uruguay ($X) and Chile ($X), together comprising X% of total exports. Brazil, Paraguay and Peru lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, jumping by X% against the previous year. Export price indicated a modest 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 growth pace was the most rapid in 2013 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a 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 MERCOSUR

In 2022, the amount of powdered, evaporated and condensed milk imported in MERCOSUR amounted to X tons, increasing by X% on 2021 figures. In general, imports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk imports soared to $X in 2022. Overall, imports, however, showed a noticeable curtailment. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil represented the main importer of powdered, evaporated and condensed milk in MERCOSUR, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Peru (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Venezuela (X%) and Chile (X%). Guyana (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Peru ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Colombia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum 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 Guyana ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform