Report Update Nov 1, 2024

Uruguay - Whole Fresh Milk - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Uruguay

The Uruguayan whole fresh milk market reached $X in 2022, flattening at the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Whole Fresh Milk Production in Uruguay

In value terms, whole fresh milk production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Whole Fresh Milk Exports

Exports from Uruguay

In 2022, whole fresh milk exports from Uruguay reduced notably to X tons, with a decrease of -59% against the previous year's figure. In general, exports saw a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 16%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, whole fresh milk exports plummeted to $X in 2022. Over the period under review, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 26%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Philippines (X tons) was the main destination for whole fresh milk exports from Uruguay, accounting for a 51% share of total exports. Moreover, whole fresh milk exports to the Philippines exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. The third position in this ranking was held by China (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to the Philippines totaled +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+0.4% per year) and China (+11.9% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for whole fresh milk exports from Uruguay, comprising 47% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 23% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+1.3% per year) and China (+8.7% per year).

Export Prices by Country

The average whole fresh milk export price stood at $X per ton in 2022, with an increase of 3.2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 16%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Whole Fresh Milk Imports

Imports into Uruguay

In 2022, imports of whole fresh milk into Uruguay skyrocketed to X tons, increasing by 17% on the year before. In general, imports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 283%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, whole fresh milk imports soared to $X in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 189%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Brazil (X tons) was the main whole fresh milk supplier to Uruguay, accounting for a 97% share of total imports. Moreover, whole fresh milk imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +89.9%.

In value terms, Brazil ($X) constituted the largest supplier of whole fresh milk to Uruguay, comprising 97% of total imports. The second position in the ranking was held by Argentina ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to +97.7%.

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, rising by 30% against the previous year. Overall, the import price, however, saw a mild slump. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for whole fresh milk in the world?

The countries with the highest volumes of whole fresh milk consumption in 2021 were India, the United States and Pakistan, together accounting for 39% of global consumption.

What are the largest producers of whole fresh milk in the world?

The countries with the highest volumes of whole fresh milk production in 2021 were India, the United States and Pakistan, together comprising 39% of global production.

What are the leading suppliers of whole fresh milk to Uruguay?

In value terms, Argentina constituted the largest supplier of whole fresh milk to Uruguay, comprising 72% of total imports. The second position in the ranking was occupied by Brazil, with a 28% share of total imports.

What are the leading importers of whole fresh milk from Uruguay?

In value terms, the Philippines remains the key foreign market for whole fresh milk exports from Uruguay, comprising 46% of total exports. The second position in the ranking was occupied by China, with a 19% share of total exports. It was followed by Argentina, with an 11% share.

What is the average export price for whole fresh milk in Uruguay?

In 2021, the average whole fresh milk export price amounted to $595 per ton, approximately reflecting the previous year.

What is the average import price for whole fresh milk in Uruguay?

The average whole fresh milk import price stood at $530 per ton in 2021, growing by 14% against the previous year.

This report provides an in-depth analysis of the whole fresh milk market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1130 - Camel milk
FCL 882 - Cow milk, whole (fresh)
FCL 1020 - Goat milk
FCL 982 - Sheep milk
FCL 951 - Buffalo milk

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023