Report Update Nov 1, 2024

Venezuela - Condensed or Evaporated Milk (Unsweetened) - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Venezuela

In 2021, the Venezuelan market for condensed or evaporated milk (unsweetened) increased by 7.3% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, faced a sharp decline. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Venezuela

In 2013, the amount of condensed or evaporated milk (unsweetened) exported from Venezuela fell dramatically to X kg, waning by -31.4% against the year before. In general, exports faced a dramatic downturn. Over the period under review, the exports reached the maximum at X kg in 2012, and then fell dramatically in the following year.

In value terms, unsweetened condensed and evaporated milk exports dropped rapidly to $X in 2013. Over the period under review, exports saw a significant contraction. The exports peaked at $X in 2012, and then reduced markedly in the following year.

Exports by Country

Aruba (X kg) was the main destination for unsweetened condensed and evaporated milk exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2013, the average annual growth rate of volume to Aruba was relatively modest.

In value terms, Aruba ($X) emerged as the key foreign market for condensed or evaporated milk (unsweetened) exports from Venezuela.

From 2012 to 2013, the average annual rate of growth in terms of value to Aruba was relatively modest.

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2013, with a decrease of -47% against the previous year. Over the period under review, the export price saw a dramatic downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2012, and then dropped significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Aruba.

From 2012 to 2013, the rate of growth in terms of prices for Chile amounted to 0.0% per year.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Venezuela

In 2021, purchases abroad of condensed or evaporated milk (unsweetened) increased by 44% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2016 when imports increased by 198% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk imports declined to $X in 2021. Overall, imports, however, continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2020 with an increase of 259% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) was the main supplier of unsweetened condensed and evaporated milk to Venezuela, accounting for a 92% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Brazil exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled -16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+290.8% per year) and Peru (-45.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to Venezuela, comprising 97% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Brazil amounted to -16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+159.5% per year) and Peru (-50.2% per year).

Import Prices by Country

In 2021, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, declining by -35.4% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsweetened condensed and evaporated milk import price increased by +11.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 72% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensed or evaporated milk (unsweetened) in the world?

The countries with the highest volumes of unsweetened condensed and evaporated milk consumption in 2021 were Peru, the Netherlands and Germany, with a combined 31% share of global consumption. The United States, Russia, Belarus, Mexico, Singapore, Greece, China, Oman, the Czech Republic and Canada lagged somewhat behind, together accounting for a further 38%.

What are the largest producers of condensed or evaporated milk (unsweetened) in the world?

The countries with the highest volumes of unsweetened condensed and evaporated milk production in 2021 were Peru, Germany and the Netherlands, together accounting for 42% of global production. The United States, Russia, Belarus, Mexico, Singapore, France, China, the Czech Republic, Canada and South Africa lagged somewhat behind, together accounting for a further 38%.

What are the leading suppliers of condensed or evaporated milk (unsweetened) to Venezuela?

In value terms, the Netherlands constituted the largest supplier of unsweetened condensed and evaporated milk to Venezuela.

What is the average export price for condensed or evaporated milk (unsweetened) in Venezuela?

In 2013, the average export price for condensed or evaporated milk unsweetened) amounted to $2,486 per ton, surging by 5% against the previous year.

What is the average import price for condensed or evaporated milk (unsweetened) in Venezuela?

In 2021, the average import price for condensed or evaporated milk unsweetened) amounted to $2,368 per ton, growing by 52% against the previous year.

This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Venezuela. 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 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023