Report Update: May 1, 2024

Chile - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights

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Price for Evaporated and Condensed Milk in Chile - 2023

Price for Evaporated and Condensed Milk in Chile (FOB) - 2023

In July 2023, the average evaporated and condensed milk export price amounted to $2,509 per ton, declining by -2.4% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in May 2023 an increase of 19% against the previous month. The export price peaked at $2,570 per ton in June 2023, and then shrank modestly in the following month.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Mexico ($3,298 per ton), while the average price for exports to Bolivia ($1,786 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Evaporated and Condensed Milk in Chile (CIF) - 2023

The average evaporated and condensed milk import price stood at $1,787 per ton in July 2023, with an increase of 6.1% against the previous month. Over the period under review, import price indicated a mild increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, evaporated and condensed milk import price decreased by -19.0% against May 2023 indices. The pace of growth appeared the most rapid in September 2022 an increase of 29% against the previous month. The import price peaked at $2,232 per ton in December 2022; however, from January 2023 to July 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,230 per ton), while the price for the Netherlands ($899 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Peru (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Evaporated and Condensed Milk in Chile

In 2022, exports of evaporated and condensed milk from Chile surged to 30K tons, growing by 29% on 2021. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, evaporated and condensed milk exports skyrocketed to $59M in 2022. The total export value increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Evaporated and Condensed Milk in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	20.7	24.1	14.3	34.4	18.4%
Peru	7.3	8.6	10.3	8.1	3.5%
Costa Rica	6.0	6.5	6.4	6.8	4.3%
Mexico	2.7	2.8	4.0	4.2	15.9%
Ecuador	2.2	2.2	3.0	1.9	-4.8%
Bolivia	1.6	3.0	3.0	1.8	4.0%
Honduras	0.9	1.0	1.1	1.2	10.1%
Others	1.1	1.4	0.9	0.9	-6.5%
Total	42.6	49.7	42.9	59.2	11.6%

Top Export Markets for Evaporated and Condensed Milk from Chile in 2022:

United States (17.7K tons)
Peru (4.4K tons)
Costa Rica (3.4K tons)
Mexico (1.6K tons)
Bolivia (1.1K tons)
Ecuador (1.0K tons)
Honduras (0.6K tons)

Imports of Evaporated and Condensed Milk in Chile

In 2022, supplies from abroad of evaporated and condensed milk decreased by -11.7% to 6.8K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a noticeable descent. The pace of growth was the most pronounced in 2020 when imports increased by 23% against the previous year. As a result, imports reached the peak of 9K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, evaporated and condensed milk imports rose to $13M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 40%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Evaporated and Condensed Milk in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	1.9	5.0	2.0	5.2	39.9%
Peru	5.3	4.8	4.4	2.2	-25.4%
Germany	N/A	0.3	1.0	1.7	138.0%
Netherlands	0.1	0.1	1.0	1.6	152.0%
Mexico	N/A	0.4	3.1	1.0	58.1%
Poland	N/A	N/A	N/A	0.4	0%
Malaysia	0.5	0.3	0.2	0.3	-15.7%
Others	0.6	0.9	0.7	0.5	-5.9%
Total	8.4	11.9	12.5	12.9	15.4%

Top Suppliers of Evaporated and Condensed Milk to Chile in 2022:

Brazil (2335.1 tons)
Peru (1836.7 tons)
Netherlands (923.8 tons)
Germany (624.1 tons)
Poland (396.6 tons)
Mexico (277.5 tons)
Malaysia (195.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for evaporated and condensed milk in Chile. 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 889 - Whole Milk, Condensed
FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
FCL 896 - Skim Milk, Condensed

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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