Report Update Apr 1, 2024

Colombia - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Skim Milk Market 2024

Skim Milk Market Size in Colombia

The Colombian skim milk market stood at $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, showed a slight shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Skim Milk Production in Colombia

In value terms, skim milk production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Skim milk production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Skim Milk Exports

Exports from Colombia

In 2022, the amount of skim milk exported from Colombia soared to X tons, surging by X% compared with the previous year. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, skim milk exports surged to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Aruba (X tons) was the main destination for skim milk exports from Colombia, accounting for a X% share of total exports. Moreover, skim milk exports to Aruba exceeded the volume sent to the second major destination, Venezuela (X tons), fourfold. The third position in this ranking was taken by Cuba (X tons), with a X% share.

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

In value terms, Aruba ($X) remains the key foreign market for skim milk exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Venezuela ($X), with a X% share of total exports. It was followed by Curacao, with a X% share.

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

Export Prices by Country

In 2022, the average skim milk export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Curacao ($X per ton), while the average price for exports to Cuba ($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 Curacao (X%), while the prices for the other major destinations experienced a decline.

Skim Milk Imports

Imports into Colombia

In 2022, the amount of skim milk imported into Colombia dropped notably to X kg, with a decrease of X% compared with the previous year. Overall, imports recorded a sharp decrease. Over the period under review, imports attained the maximum at X kg in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, skim milk imports contracted significantly to $X in 2022. In general, imports saw a sharp descent. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X kg), Aruba (X kg) and the Dominican Republic (X kg) were the main suppliers of skim milk imports to Colombia, with a combined X% share of total imports. These countries were followed by Turkey, which accounted for a further X%. Moreover, skim milk imports in the United States exceeded the figures recorded by the second-largest supplier, Aruba, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of skim milk to Colombia, comprising X% of total imports. The second position in the ranking was taken by Aruba ($X), with a X% share of total imports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Aruba (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

In 2022, the average skim milk import price amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, enjoyed a strong increase. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then declined sharply in the following year.

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 ($X per ton), while the price for Turkey ($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%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for skim milk in the world?

The countries with the highest volumes of consumption in 2023 were the United States, Germany and France, with a combined 28% share of global consumption. New Zealand, Russia, Turkey, Iran, Ireland, India, the UK, Belarus, Poland and the Netherlands lagged somewhat behind, together comprising a further 35%.

What are the largest producers of skim milk in the world?

The countries with the highest volumes of production in 2022 were the United States, Germany and France, together accounting for 28% of global production. New Zealand, Russia, Turkey, Iran, Ireland, India, the UK, the Netherlands, Poland and Belarus lagged somewhat behind, together comprising a further 35%.

What are the leading suppliers of skim milk to Colombia?

In value terms, the United States $40) constituted the largest supplier of skim milk to Colombia, comprising 93% of total imports. The second position in the ranking was taken by Aruba $1), with a 2.3% share of total imports. It was followed by the Dominican Republic, with a 2.3% share.

What are the leading importers of skim milk from Colombia?

In value terms, Aruba remains the key foreign market for skim milk exports from Colombia, comprising 63% of total exports. The second position in the ranking was held by Venezuela, with a 14% share of total exports. It was followed by Curacao, with a 9.5% share.

What is the average export price for skim milk in Colombia?

In 2022, the average skim milk export price amounted to $1,052 per ton, with an increase of 10% against the previous year.

What is the average import price for skim milk in Colombia?

In 2022, the average skim milk import price amounted to $8,600 per ton, shrinking by -25.7% against the previous year.

This report provides an in-depth analysis of the skim milk market 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 888 - Skim Milk of Cows

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023