Argentina: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Argentina

The Argentinian market for powdered, condensed or evaporated milk fell rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Powdered, Condensed Or Evaporated Milk in Argentina

In value terms, powdered, condensed or evaporated milk production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Powdered, condensed or evaporated milk production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Argentina

In 2022, the amount of powdered, condensed or evaporated milk exported from Argentina surged to X tons, jumping by X% against the previous year. In general, exports, however, showed a mild contraction. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a slight reduction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Algeria (X tons), Brazil (X tons) and Peru (X tons) were the main destinations of powdered, condensed or evaporated milk exports from Argentina, with a combined X% share of total exports. Cuba, China, Chile and Venezuela lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Brazil ($X) and Peru ($X) were the largest markets for powdered, condensed or evaporated milk exported from Argentina worldwide, together comprising X% of total exports. Cuba, China, Chile and Venezuela lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for powdered, condensed or evaporated milk amounted to $X per ton, jumping by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Venezuela ($X per ton) and Peru ($X per ton), while the average price for exports to China ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Argentina

In 2022, approx. X tons of powdered, condensed or evaporated milk were imported into Argentina; declining by X% on 2021. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk imports skyrocketed to $X in 2022. Overall, imports recorded a deep downturn. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest powdered, condensed or evaporated milk supplier to Argentina, with a X% share of total imports. Moreover, powdered, condensed or evaporated milk imports from Brazil exceeded the figures recorded by the second-largest supplier, Peru (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and France (X% per year).

In value terms, the largest powdered, condensed or evaporated milk suppliers to Argentina were Brazil ($X), the United States ($X) and France ($X), with a combined X% share of total imports.

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for powdered, condensed or evaporated milk stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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