Colombia: Skimmed Milk Market Overview 2021

Skimmed Milk Market Size in Colombia

The Colombian skimmed milk market was finally on the rise to reach $X in 2019, after two years of decline. Over the period under review, the total consumption indicated a temperate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2015 to 2019, the growth of the market remained at a lower figure.

Skimmed Milk Production in Colombia

In value terms, skimmed milk production contracted to $X in 2019 estimated in export prices. In general, production saw a mild setback. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.

The average yield of skimmed milk in Colombia stood at X kg per head in 2019, remaining constant against 2018 figures. In general, the yield continues to indicate a relatively flat trend pattern.

In 2019, approx. X head of animals slaughtered for skimmed milk production in Colombia; therefore, remained relatively stable against 2018 figures. Over the period under review, the number of producing animals recorded a relatively flat trend pattern.

Skimmed Milk Exports

Exports from Colombia

In 2019, overseas shipments of skimmed milk decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2018 to 2019, the growth exports remained at a lower figure.

In value terms, skimmed milk exports declined markedly to $X in 2019. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2018 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Mexico (X tonnes), Ecuador (X tonnes) and Russia (X tonnes) were the main destinations of skimmed milk exports from Colombia, together accounting for X% of total exports. These countries were followed by Aruba, Peru, Costa Rica and Chile, which together accounted for a further X 2007 to 2019, the biggest increases were in Costa Rica (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for skimmed milk exported from Colombia were Mexico ($X), Ecuador ($X) and Russia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Mexico (+X% per year) 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

The average skimmed milk export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Overall, the export price saw a slight decrease. The growth pace was the most rapid in 2012 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Chile ($X per tonne), while the average price for exports to Aruba ($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 Chile, while the prices for the other major destinations experienced mixed trend patterns.

Skimmed Milk Imports

Imports into Colombia

In 2019, skimmed milk imports into Colombia surged to X tonnes, picking up by X% against the year before. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in the immediate term.

In value terms, skimmed milk imports surged to $X in 2019. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, the U.S. (X tonnes) constituted the largest skimmed milk supplier to Colombia, with a X% share of total imports. Moreover, skimmed milk imports from the U.S. exceeded the figures recorded by the second-largest supplier, Bolivia (X tonnes), sevenfold. Mexico (X tonnes) ranked third in terms of total imports with a X% share.

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

In value terms, the U.S. ($X) constituted the largest supplier of skimmed milk to Colombia, comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Bolivia, with a X% share.

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

Import Prices by Country

The average skimmed milk import price stood at $X per tonne in 2019, surging by X% against the previous year. Over the period under review, the import price, however, showed a slight contraction. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Portugal, 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 skimmed milk in the world?

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The countries with the highest volumes of skimmed milk consumption in 2019 were the U.S. (1.5M tonnes), China (922K tonnes) and Brazil (735K tonnes), with a combined 23% share of global consumption.

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

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The countries with the highest volumes of skimmed milk production in 2019 were the U.S. (2.2M tonnes), New Zealand (1.9M tonnes) and Germany (982K tonnes), with a combined 36% share of global production. France, Brazil, the Netherlands, Peru, Malaysia, Mexico, the UK, Belgium, Belarus and Australia lagged somewhat behind, together accounting for a further 33%.

What are the leading suppliers of skimmed milk to Colombia?

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In value terms, the U.S. ($64M) constituted the largest supplier of skimmed milk to Colombia, comprising 57% of total imports. The second position in the ranking was occupied by Mexico ($13M), with a 12% share of total imports. It was followed by Bolivia, with a 11% share.

What are the leading importers of skimmed milk from Colombia?

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In value terms, the largest markets for skimmed milk exported from Colombia were Mexico ($549K), Ecuador ($514K) and Russia ($295K), together accounting for 67% of total exports.

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

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In 2019, the average skimmed milk export price amounted to $2,834 per tonne, with a decrease of -11.6% against the previous year.

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

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In 2019, the average skimmed milk import price amounted to $2,629 per tonne, rising by 11% against the previous year.