Venezuela: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Venezuela

The Venezuelan market for powdered, evaporated and condensed milk declined modestly to $X in 2022, shrinking by X% against the previous year. In general, consumption recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Powdered, Evaporated And Condensed Milk in Venezuela

In value terms, powdered, evaporated and condensed milk production rose remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a mild slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. Powdered, evaporated and condensed milk production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Venezuela

In 2022, exports of powdered, evaporated and condensed milk from Venezuela soared to X tons, jumping by X% against 2021. In general, exports showed significant growth. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk exports surged to $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for powdered, evaporated and condensed milk exports from Venezuela, accounting for a X% share of total exports. Moreover, powdered, evaporated and condensed milk exports to Ecuador exceeded the volume sent to the second major destination, the United States (X tons), threefold. Aruba (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Aruba (X% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for powdered, evaporated and condensed milk exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Chile, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Aruba ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Venezuela

In 2022, after two years of growth, there was significant decline in overseas purchases of powdered, evaporated and condensed milk, when their volume decreased by X% to X tons. In general, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk imports shrank to $X in 2022. Over the period under review, imports recorded a precipitous decline. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached 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, evaporated and condensed milk imports to Venezuela, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of X%), while imports for the other leaders experienced a decline.

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

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

Import Prices by Country

The average import price for powdered, evaporated and condensed milk stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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