Nicaragua: Skimmed Milk Market 2020

Skimmed Milk Market Size in Nicaragua

The revenue of the skimmed milk market in Nicaragua amounted to $X in 2018, stabilizing at the previous year. Overall, skimmed milk consumption, however, continues to indicate outstanding growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Nicaragua skimmed milk consumption peaked at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Skimmed Milk Production in Nicaragua

In value terms, skimmed milk production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Nicaragua skimmed milk production peaked at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Skimmed Milk Exports

Exports from Nicaragua

Skimmed milk exports from Nicaragua totaled X tons in 2018, declining by -X% against the previous year. Over the period under review, skimmed milk exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. In that year, skimmed milk exports reached their peak of X tons. From 2011 to 2018, the growth of skimmed milk exports failed to regain its momentum.

In value terms, skimmed milk exports totaled $X in 2018. Over the period under review, skimmed milk exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. In that year, skimmed milk exports reached their peak of $X. From 2011 to 2018, the growth of skimmed milk exports remained at a somewhat lower figure.

Exports by Country

In 2018, New Zealand (X tons), distantly followed by the U.S. (X tons), Germany (X tons), the Netherlands (X tons), Belgium (X tons) and France (X tons) were the largest exporters of skimmed milk, together achieving X% of total exports. Australia (X tons), Saudi Arabia (X tons), Belarus (X tons), Poland (X tons), Ireland (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to skimmed milk exports from New Zealand stood at +X%. At the same time, Uruguay (+X%), Saudi Arabia (+X%), the U.S. (+X%), Belgium (+X%), Poland (+X%), Germany (+X%), the Netherlands (+X%), Belarus (+X%), Ireland (+X%) and France (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Australia experienced a relatively flat trend pattern. While the share of New Zealand (+X p.p.), the U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.), Belgium (+X p.p.), Saudi Arabia (+X p.p.) and Uruguay (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest skimmed milk supplier from Nicaragua, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In New Zealand, skimmed milk exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The skimmed milk export price in Nicaragua stood at $X per ton in 2018, stabilizing at the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Over the period under review, the export prices for skimmed milk attained their peak figure at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Ireland ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Uruguay, while the other leaders experienced a decline in the export price figures.

Skimmed Milk Imports

Imports into Nicaragua

In 2018, approx. X tons of skimmed milk were imported into Nicaragua; dropping by -X% against the previous year. Overall, skimmed milk imports, however, continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, skimmed milk imports attained their maximum at X tons in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, skimmed milk imports amounted to $X in 2018. Over the period under review, skimmed milk imports, however, continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, skimmed milk imports attained their peak of $X. From 2009 to 2018, the growth of skimmed milk imports remained at a somewhat lower figure.

Imports by Country

In 2018, China (X tons), followed by Algeria (X tons) and Mexico (X tons) represented the largest importers of skimmed milk, together constituting X% of total imports. The following importers - the United Arab Emirates (X tons), Belgium (X tons), the Netherlands (X tons), the Philippines (X tons), Russia (X tons), Saudi Arabia (X tons), Indonesia (X tons), China, Macao SAR (X tons) and Malaysia (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Macao SAR, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Algeria ($X) and Mexico ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by Saudi Arabia, Russia, the United Arab Emirates, the Netherlands, Indonesia, Belgium, Malaysia, the Philippines, China, Macao SAR and Nicaragua, which together accounted for a further X, Macao SAR experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The skimmed milk import price in Nicaragua stood at $X per ton in 2018, declining by -X% against the previous year. In general, the skimmed milk import price continues to indicate a measured contraction. The most prominent rate of growth was recorded in 2015 when the import price increased by X% year-to-year. Over the period under review, the import prices for skimmed milk attained their peak figure at $X per ton in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Algeria ($X per ton), while China, Macao SAR ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform