Colombia - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Evaporated and Condensed Milk in Colombia - 2022
Contents:
- Price for Evaporated and Condensed Milk in Colombia (FOB) - 2022
- Price for Evaporated and Condensed Milk in Colombia (CIF) - 2022
- Exports of Evaporated and Condensed Milk in Colombia
- Imports of Evaporated and Condensed Milk in Colombia
Price for Evaporated and Condensed Milk in Colombia (FOB) - 2022
The average evaporated and condensed milk export price stood at $3,193 per ton in 2022, with an increase of 19% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, evaporated and condensed milk export price decreased by -3.9% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 62% against the previous year. As a result, the export price attained the peak level of $5,174 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,698 per ton), while the average price for exports to Ecuador ($2,871 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 Chile (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Evaporated and Condensed Milk in Colombia (CIF) - 2022
The average evaporated and condensed milk import price stood at $2,227 per ton in 2022, growing by 5.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $2,661 per ton. From 2014 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 the United States ($3,402 per ton), while the price for Costa Rica ($963 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Evaporated and Condensed Milk in Colombia
In 2022, overseas shipments of evaporated and condensed milk decreased by -30.3% to 185 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 59% against the previous year. As a result, the exports reached the peak of 522 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, evaporated and condensed milk exports shrank rapidly to $590K in 2022. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 86%. As a result, the exports attained the peak of $1.7M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Evaporated and Condensed Milk in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 292 | 136 | 242 | 249 | -5.2% |
| Ecuador | 338 | 549 | 297 | 228 | -12.3% |
| Cuba | N/A | N/A | N/A | 42.1 | 0% |
| United States | 0.7 | 0.1 | 32.7 | 41.3 | 289.3% |
| Costa Rica | 112 | 163 | 131 | 13.3 | -50.8% |
| Mexico | N/A | 99.8 | N/A | N/A | 0% |
| Peru | 163 | 708 | 2.5 | N/A | -87.6% |
| Others | 15.7 | 56.4 | 5.4 | 16.4 | 1.5% |
| Total | 920 | 1,712 | 711 | 590 | -13.8% |
Top Export Markets for Evaporated and Condensed Milk from Colombia in 2022:
- Ecuador (79.4 tons)
- Chile (75.6 tons)
- Cuba (13.8 tons)
- United States (8.8 tons)
- Costa Rica (4.6 tons)
Imports of Evaporated and Condensed Milk in Colombia
In 2022, overseas purchases of evaporated and condensed milk were finally on the rise to reach 91 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a dramatic curtailment.
In value terms, evaporated and condensed milk imports surged to $202K in 2022. In general, imports, however, recorded a significant decline.
| Import of Evaporated and Condensed Milk in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | N/A | 98.4 | 0% |
| United States | 132 | 24.8 | 49.2 | 60.0 | -23.1% |
| Mexico | 9.0 | 9.8 | 44.8 | 14.2 | 16.4% |
| Peru | 288 | 186 | 49.1 | 13.9 | -63.6% |
| Costa Rica | 3.4 | 2.6 | 10.7 | 11.4 | 49.7% |
| Panama | 3.2 | 2.0 | 4.3 | 4.0 | 7.7% |
| Others | N/A | 1.1 | N/A | N/A | 0% |
| Total | 435 | 226 | 158 | 202 | -22.6% |
Top Suppliers of Evaporated and Condensed Milk to Colombia in 2022:
- Brazil (39.3 tons)
- United States (17.6 tons)
- Peru (13.9 tons)
- Costa Rica (11.8 tons)
- Mexico (4.3 tons)
- Panama (3.7 tons)
This report provides an in-depth analysis of the market for evaporated and condensed milk in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
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New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
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Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
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Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
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Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
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