Brazil: Powdered Milk Market 2024

Powdered Milk Market Size in Brazil

The Brazilian powdered milk market expanded rapidly to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, showed a perceptible decline. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Powdered Milk Production in Brazil

In value terms, powdered milk production stood at $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Powdered milk production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Powdered Milk Exports

Exports from Brazil

After two years of growth, overseas shipments of powdered milk decreased by X% to X tons in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, powdered milk exports rose significantly to $X in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Algeria (X tons) was the main destination for powdered milk exports from Brazil, accounting for a X% share of total exports. Moreover, powdered milk exports to Algeria exceeded the volume sent to the second major destination, Israel (X tons), fourfold. The third position in this ranking was taken by Saint Vincent and the Grenadines (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Algeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Saint Vincent and the Grenadines (X% per year).

In value terms, Algeria ($X) remains the key foreign market for powdered milk exports from Brazil, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with an X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Algeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2014 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 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Argentina ($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 Venezuela (X%), while the prices for the other major destinations experienced a decline.

Powdered Milk Imports

Imports into Brazil

In 2022, the amount of powdered milk imported into Brazil surged to X tons, picking up by X% against 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, powdered milk imports skyrocketed to $X in 2022. In general, total imports indicated a modest expansion from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Argentina (X tons), Uruguay (X tons) and Paraguay (X tons) were the main suppliers of powdered milk imports to Brazil, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Argentina ($X), Uruguay ($X) and Paraguay ($X) constituted the largest powdered milk suppliers to Brazil, together comprising X% of total imports.

Paraguay, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated mild growth 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. Based on 2022 figures, powdered milk import price increased by X% against 2017 indices. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Uruguay ($X per ton) and Argentina ($X per ton), while the price for the United States ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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