MERCOSUR: Milk Market 2024

Milk Market Size in MERCOSUR

The MERCOSUR milk market reduced modestly to $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Milk Production in MERCOSUR

In value terms, milk production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Brazil (X tons) remains the largest milk producing country in MERCOSUR, comprising approx. X% of total volume. Moreover, milk production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), threefold. The third position in this ranking was taken by Colombia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Brazil was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Argentina (X% per year) and Colombia (X% per year).

Milk Exports

Exports in MERCOSUR

Milk exports fell slightly to X tons in 2022, remaining stable against the previous year. Overall, exports faced a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by X% 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, milk exports rose remarkably to $X in 2022. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) and Brazil (X tons) represented the key exporters of milk in 2022, resulting at approx. X% and X% of total exports, respectively. It was distantly followed by Uruguay (X tons) and Peru (X tons), together mixing up a X% share of total exports. Chile (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest milk supplying countries in MERCOSUR were Argentina ($X), Brazil ($X) and Uruguay ($X), with a combined X% share of total exports.

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

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a mild setback. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Chile ($X per ton) and Brazil ($X per ton), while Uruguay ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced a decline in the export price figures.

Milk Imports

Imports in MERCOSUR

In 2022, after four years of growth, there was significant decline in overseas purchases of milk, when their volume decreased by X% to X tons. Over the period under review, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, milk imports declined slightly to $X in 2022. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 when imports increased by X% 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, Venezuela (X tons) was the major importer of milk, mixing up X% of total imports. Chile (X tons) took the second position in the ranking, distantly followed by Uruguay (X tons). All these countries together held near X% share of total imports. Peru (X tons) and Guyana (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to milk imports into Venezuela stood at X%. At the same time, Uruguay (X%), Chile (X%), Guyana (X%) and Peru (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Chile (X p.p.), Uruguay (X p.p.), Peru (X p.p.) and Guyana (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.

In value terms, Venezuela ($X) constitutes the largest market for imported milk in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Venezuela totaled X%. In the other countries, the average annual rates were as follows: Chile (X% per year) and Uruguay (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, continues to indicate a slight contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Guyana ($X per ton) and Peru ($X per ton), while Uruguay ($X per ton) and Venezuela ($X per ton) were 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 mixed trends in the import price figures.

Source: IndexBox Platform