MERCOSUR: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in MERCOSUR

The MERCOSUR whole fresh milk market reached $X in 2022, flattening at the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the market value increased by 4.8%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Whole Fresh Milk Production in MERCOSUR

In value terms, whole fresh milk production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced setback. The growth pace was the most rapid in 2016 with an increase of 27%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The country with the largest volume of whole fresh milk production was Brazil (X tons), comprising approx. 55% of total volume. Moreover, whole fresh milk production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), threefold. Colombia (X tons) ranked third in terms of total production with a 10% share.

In Brazil, whole fresh milk production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (-0.0% per year) and Colombia (+0.5% per year).

Whole Fresh Milk Exports

Exports in MERCOSUR

In 2022, shipments abroad of whole fresh milk increased by 2.9% to X tons, rising for the second consecutive year after six years of decline. In general, exports, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, whole fresh milk exports rose sharply to $X in 2022. Over the period under review, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 30% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Argentina was the main exporting country with an export of about X tons, which amounted to 42% of total exports. Brazil (X tons) took the second position in the ranking, followed by Uruguay (X tons) and Peru (X tons). All these countries together held near 51% share of total exports. The following exporters - Ecuador (X tons) and Chile (X tons) - each accounted for a 5.4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +64.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Argentina ($X), Brazil ($X) and Uruguay ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 86% of total exports.

Among the main exporting countries, Brazil, with a CAGR of +55.7%, recorded the highest growth rate of 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 MERCOSUR stood at $X per ton in 2022, increasing by 11% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 15%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Peru ($X per ton) and Brazil ($X per ton), while Ecuador ($X per ton) and Uruguay ($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 (-0.8%), while the other leaders experienced a decline in the export price figures.

Whole Fresh Milk Imports

Imports in MERCOSUR

After three years of growth, supplies from abroad of whole fresh milk decreased by -1.4% to X tons in 2022. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 52%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, whole fresh milk imports rose sharply to $X in 2022. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2014 when imports increased by 38%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile was the largest importing country with an import of about X tons, which reached 47% of total imports. It was distantly followed by Peru (X tons), Uruguay (X tons) and Guyana (X tons), together achieving a 44% share of total imports. Suriname (X tons), Venezuela (X tons) and Paraguay (X tons) held 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 Chile (with a CAGR of +178.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported whole fresh milk in MERCOSUR, comprising 52% of total imports. The second position in the ranking was held by Peru ($X), with a 20% share of total imports. It was followed by Uruguay, with a 14% share.

In Chile, whole fresh milk imports expanded at an average annual rate of +121.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Peru (+23.1% per year) and Uruguay (+60.5% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by 9.4% against the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in 2021 an increase of 11% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 Suriname ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Suriname (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform