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Colombia - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Colombia: Overview of the Market for Condensed Or Evaporated Milk (Sweetened) 2021

Market Size for Condensed Or Evaporated Milk (Sweetened) in Colombia

The Colombian market for condensed or evaporated milk (sweetened) reduced to $X in 2019, declining by -X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.

Production of Condensed Or Evaporated Milk (Sweetened) in Colombia

In value terms, sweetened condensed and evaporated milk production reduced markedly to $X in 2019 estimated in export prices. Over the period under review, production recorded a notable increase. The growth pace was the most rapid in 2014 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. From 2015 to 2019, production growth failed to regain the momentum.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Colombia

In 2019, after two years of growth, there was significant decline in overseas shipments of condensed or evaporated milk (sweetened), when their volume decreased by -X% to X tonnes. In general, exports, however, posted a pronounced expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2009; however, from 2010 to 2019, exports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk exports reduced modestly to $X in 2019. Overall, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tonnes) was the main destination for sweetened condensed and evaporated milk exports from Colombia, with a X% share of total exports. Moreover, sweetened condensed and evaporated milk exports to Ecuador exceeded the volume sent to the second major destination, Costa Rica (X tonnes), twofold. The third position in this ranking was occupied by Peru (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Ecuador totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+X% per year) and Peru (+X% per year).

In value terms, the largest markets for sweetened condensed and evaporated milk exported from Colombia were Ecuador ($X), Chile ($X) and Peru ($X), together accounting for X% of total exports. Costa Rica lagged somewhat behind, comprising a further X terms of the main countries of destination, Costa Rica (+X% per year) saw 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 2019, the average export price for condensed or evaporated milk (sweetened) amounted to $X per tonne, surging by X% against the previous year. In general, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Chile ($X per tonne), while the average price for exports to Costa Rica ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Colombia

In 2019, overseas purchases of condensed or evaporated milk (sweetened) decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, sweetened condensed and evaporated milk imports reduced markedly to $X in 2019. Overall, imports recorded a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Peru (X tonnes) was the main supplier of sweetened condensed and evaporated milk to Colombia, with a X% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Peru exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume from Peru totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Mexico (X% per year).

In value terms, Peru ($X) constituted the largest supplier of sweetened condensed and evaporated milk to Colombia, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Peru stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Mexico (X% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (sweetened) stood at $X per tonne in 2019, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Peru ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensed or evaporated milk (sweetened) in the world?
+
The U.S. (828K tonnes) constituted the country with the largest volume of sweetened condensed and evaporated milk consumption, comprising approx. 34% of total volume. Moreover, sweetened condensed and evaporated milk consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Malaysia (278K tonnes), threefold. The UK (170K tonnes) ranked third in terms of total consumption with a 6.9% share.
What are the largest producers of condensed or evaporated milk (sweetened) in the world?
+
The U.S. (814K tonnes) remains the largest sweetened condensed and evaporated milk producing country worldwide, accounting for 33% of total volume. Moreover, sweetened condensed and evaporated milk production in the U.S. exceeded the figures recorded by the second-largest producer, Malaysia (344K tonnes), twofold. The third position in this ranking was occupied by Saudi Arabia (214K tonnes), with a 8.6% share.
What are the leading suppliers of condensed or evaporated milk (sweetened) to Colombia?
+
In value terms, Peru ($142K) constituted the largest supplier of sweetened condensed and evaporated milk to Colombia, comprising 86% of total imports. The second position in the ranking was occupied by the U.S. ($14K), with a 8.3% share of total imports.
What are the leading importers of condensed or evaporated milk (sweetened) from Colombia?
+
In value terms, the largest markets for sweetened condensed and evaporated milk exported from Colombia were Ecuador ($338K), Chile ($299K) and Peru ($156K), with a combined 87% share of total exports. Costa Rica lagged somewhat behind, comprising a further 13%.
What is the average export price for condensed or evaporated milk (sweetened) in Colombia?
+
The average export price for condensed or evaporated milk (sweetened) stood at $3,568 per tonne in 2019, picking up by 7.6% against the previous year.
What is the average import price for condensed or evaporated milk (sweetened) in Colombia?
+
In 2019, the average import price for condensed or evaporated milk (sweetened) amounted to $2,125 per tonne, increasing by 1.6% against the previous year.

Product coverage:
• FCL 889 - Whole Milk, Condensed
• FCL 896 - Skim Milk, Condensed

This report provides an in-depth analysis of the market for sweetened condensed and evaporated 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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