Chile: Powdered Milk Market 2024

Powdered Milk Market Size in Chile

The Chilean powdered milk market shrank dramatically to $X in 2022, dropping by X% against the previous year. In general, consumption recorded a pronounced contraction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Powdered Milk Production in Chile

In value terms, powdered milk production reached $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Powdered milk production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Powdered Milk Exports

Exports from Chile

In 2022, overseas shipments of powdered milk increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a pronounced downturn. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, powdered milk exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable decline. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for powdered milk exports from Chile, accounting for a X% share of total exports. Moreover, powdered milk exports to Colombia exceeded the volume sent to the second major destination, China (X tons), more than tenfold. The third position in this ranking was held by Cuba (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Cuba (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Bolivia ($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 Bolivia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Chile

Powdered milk imports into Chile reduced markedly to X tons in 2022, shrinking by X% compared with the year before. Overall, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered milk imports declined significantly to $X in 2022. Over the period under review, imports continue to indicate a pronounced shrinkage. 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. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Argentina (X tons) and Uruguay (X tons) were the main suppliers of powdered milk imports to Chile, with a combined X% share of total imports. These countries were followed by France, which accounted for a further X%.

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

In value terms, the United States ($X), Argentina ($X) and Uruguay ($X) constituted the largest powdered milk suppliers to Chile, together comprising X% of total imports. France lagged somewhat behind, accounting for a further X%.

Among the main suppliers, France, with a CAGR of X%, saw the highest growth rate of the value of imports, 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. Over the period under review, import price indicated pronounced 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 2016 indices. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Uruguay ($X per ton), while the price for the United States ($X per ton) and Argentina ($X per ton) were 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 more modest paces of growth.

Source: IndexBox Platform

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