Venezuela: Powdered Milk Market 2025

Powdered Milk Market Size in Venezuela

The Venezuelan powdered milk market shrank slightly to $X in 2022, waning by -2.9% against the previous year. In general, consumption recorded a abrupt setback. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Powdered Milk Production in Venezuela

In value terms, powdered milk production stood at $X in 2022 estimated in export price. In general, production, however, saw a slight contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 54% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Powdered Milk Exports

Exports from Venezuela

In 2022, shipments abroad of powdered milk was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, powdered milk exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for powdered milk exports from Venezuela, accounting for a 100% share of total exports. It was followed by Aruba (X kg), with a 0.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +26.1%.

In value terms, the United States ($X) emerged as the key foreign market for powdered milk exports from Venezuela, comprising 97% of total exports. The second position in the ranking was held by Aruba ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +52.0%.

Export Prices by Country

The average powdered milk export price stood at $X per ton in 2022, reducing by -83.6% against the previous year. Overall, the export price continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2020 an increase of 675% against the previous year. The export price peaked at $X per ton in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.6%).

Powdered Milk Imports

Imports into Venezuela

After two years of growth, overseas purchases of powdered milk decreased by -6.3% to X tons in 2022. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 43% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, powdered milk imports reduced to $X in 2022. In general, imports continue to indicate a significant contraction. The growth pace was the most rapid in 2015 with an increase of 25% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

New Zealand (X tons), Argentina (X tons) and Panama (X tons) were the main suppliers of powdered milk imports to Venezuela, together comprising 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +105.1%), while purchases for the other leaders experienced a decline.

In value terms, the largest powdered milk suppliers to Venezuela were Argentina ($X), New Zealand ($X) and Ireland ($X), together accounting for 81% of total imports. Chile, Panama, the United States, Uruguay and Brazil lagged somewhat behind, together comprising a further 9.9%.

Among the main suppliers, Panama, with a CAGR of +63.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, which is down by -1.7% against the previous year. Overall, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2014 an increase of 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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