
Latin America and the Caribbean - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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Powdered Milk Market in Latin America and the Caribbean - Brazil Emerges as the Largest Producer
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IndexBox has just published a new report: 'Latin America and the Caribbean - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
The revenue of the powdered milk market in Latin America and the Caribbean amounted to $X in 2018, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. The level of powdered milk consumption peaked at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.
Consumption By Country in Latin America and the Caribbean
The countries with the highest volumes of powdered milk consumption in 2018 were Brazil (X tonnes), Mexico (X tonnes) and Argentina (X tonnes), with a combined X% share of total consumption. Venezuela, Chile, Uruguay and Colombia lagged somewhat behind, together accounting for a further X%.
From 2007 to 2018, the most notable rate of growth in terms of powdered milk consumption, amongst the main consuming countries, was attained by Uruguay, while the other leaders experienced more modest paces of growth.
In value terms, Brazil ($X), Mexico ($X) and Argentina ($X) appeared to be the countries with the highest levels of market value in 2018, with a combined X% share of the total market. Chile, Uruguay, Venezuela and Colombia lagged somewhat behind, together accounting for a further X%.
In 2018, the highest levels of powdered milk per capita consumption was registered in Uruguay (X kg per X persons), followed by Chile (X kg per X persons), Argentina (X kg per X persons) and Mexico (X kg per X persons), while the world average per capita consumption of powdered milk was estimated at X kg per X persons.
From 2007 to 2018, the average annual rate of growth in terms of the powdered milk per capita consumption in Uruguay totaled +X%. In the other countries, the average annual rates were as follows: Chile (+X% per year) and Argentina (+X% per year).
Market Forecast 2019-2025 in Latin America and the Caribbean
Driven by increasing demand for powdered milk in Latin America and the Caribbean, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +X% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to X tonnes by the end of 2025.
Production in Latin America and the Caribbean
In 2018, production of powdered milk in Latin America and the Caribbean amounted to X tonnes, surging by X% against the previous year. The total output volume increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. The volume of powdered milk production peaked in 2018 and is expected to retain its growth in the immediate term.
In value terms, powdered milk production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, powdered milk production attained its maximum level at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.
Production By Country in Latin America and the Caribbean
Brazil (X tonnes) remains the largest powdered milk producing country in Latin America and the Caribbean, comprising approx. X% of total production. Moreover, powdered milk production in Brazil exceeded the figures recorded by the region's second-largest producer, Argentina (X tonnes), threefold. The third position in this ranking was occupied by Uruguay (X tonnes), with a X% share.
From 2007 to 2018, the average annual growth rate of volume in Brazil totaled +X%. In the other countries, the average annual rates were as follows: Argentina (-X% per year) and Uruguay (+X% per year).
Exports in Latin America and the Caribbean
In 2018, approx. X tonnes of powdered milk were exported in Latin America and the Caribbean; going down by -X% against the previous year. Over the period under review, powdered milk exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. The volume of exports peaked at X tonnes in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.
In value terms, powdered milk exports amounted to $X in 2018. In general, powdered milk exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, powdered milk exports attained their peak figure at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.
Exports by Country
In 2018, Argentina (X tonnes), Uruguay (X tonnes) and Chile (X tonnes) were the key exporters of powdered milk in Latin America and the Caribbean, constituting X% of total export. It was distantly followed by Mexico (X tonnes), mixing up a X% share of total exports. The following exporters - Nicaragua (X tonnes), Bolivia (X tonnes) and Paraguay (X tonnes) - together made up X% of total exports.
From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Paraguay, while the other leaders experienced more modest paces of growth.
In value terms, Argentina ($X), Uruguay ($X) and Chile ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports.
Among the main exporting countries, Chile recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2018, the powdered milk export price in Latin America and the Caribbean amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the powdered milk export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the export price increased by X% y-o-y. Over the period under review, the export prices for powdered milk attained their peak figure at $X per tonne in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Nicaragua ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Chile, while the other leaders experienced more modest paces of growth.
Imports in Latin America and the Caribbean
The imports amounted to X tonnes in 2018, growing by X% against the previous year. The total imports indicated a strong expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, powdered milk imports decreased by -X% against 2016 indices. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. The volume of imports peaked at X tonnes in 2016; however, from 2017 to 2018, imports remained at a lower figure.
In value terms, powdered milk imports totaled $X in 2018. Over the period under review, powdered milk imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, powdered milk imports attained their maximum at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.
Imports by Country
Mexico was the major importer of powdered milk in Latin America and the Caribbean, with the volume of imports finishing at X tonnes, which was approx. X% of total imports in 2018. Brazil (X tonnes) occupied the second position in the ranking, followed by Venezuela (X tonnes), Peru (X tonnes) and Cuba (X tonnes). All these countries together held approx. X% share of total imports. The following importers - the Dominican Republic (X tonnes) and Colombia (X tonnes) - together made up X% of total imports.
From 2007 to 2018, average annual rates of growth with regard to powdered milk imports into Mexico stood at +X%. At the same time, Brazil (+X%), Peru (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2018. The Dominican Republic experienced a relatively flat trend pattern. By contrast, Cuba (-X%) and Venezuela (-X%) illustrated a downward trend over the same period. Mexico (+X p.p.), Brazil (+X p.p.), Peru (+X p.p.) and Colombia (+X p.p.) significantly strengthened its position in terms of the total imports, while Venezuela saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Mexico ($X) constitutes the largest market for imported powdered milk in Latin America and the Caribbean, comprising X% of total powdered milk imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Peru, with a X% share.
From 2007 to 2018, the average annual rate of growth in terms of value in Mexico totaled +X%. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Peru (+X% per year).
Import Prices by Country
The powdered milk import price in Latin America and the Caribbean stood at $X per tonne in 2018, shrinking by -X% against the previous year. In general, the powdered milk import price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2011 when the import price increased by X% year-to-year. The level of import price peaked at $X per tonne in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination; the country with the highest price was Cuba ($X per tonne), while Venezuela ($X per tonne) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Cuba, while the other leaders experienced a decline in the import price figures.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the powdered milk market in Latin America and the Caribbean. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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Thursday, February 11th, 2021 @ 10:00 am ET
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