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Latin America and the Caribbean - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights
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Latin America and the Caribbean: Overview of the Market for Condensed Or Evaporated Milk (Sweetened) 2021

Market Size for Condensed Or Evaporated Milk (Sweetened) in Latin America and the Caribbean

For the tenth consecutive year, the Latin American market for condensed or evaporated milk (sweetened) recorded growth in sales value, which increased by X% to $X in 2019. Overall, consumption recorded prominent growth. The growth pace was the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2019 and is likely to see steady growth in the near future.

Production of Condensed Or Evaporated Milk (Sweetened) in Latin America and the Caribbean

In value terms, sweetened condensed and evaporated milk production expanded sharply to $X in 2019 estimated in export prices. The total production indicated a prominent 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, production increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level in 2019 and is likely to see gradual growth in the near future.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of sweetened condensed and evaporated milk production in 2019 were Brazil (X tonnes), Mexico (X tonnes) and Chile (X tonnes), with a combined X% share of total production. These countries were followed by Cuba and Peru, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of sweetened condensed and evaporated milk production, amongst the key producing countries, was attained by Peru, while sweetened condensed and evaporated milk production for the other leaders experienced more modest paces of growth.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports in Latin America and the Caribbean

In 2019, exports of condensed or evaporated milk (sweetened) in Latin America and the Caribbean dropped modestly to X tonnes, falling by -X% on 2018 figures. Overall, exports saw a pronounced setback. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2009 to 2019, the growth exports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk exports reduced to $X in 2019. In general, exports recorded a noticeable descent. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2009 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Chile represented the largest exporter of condensed or evaporated milk (sweetened) in Latin America and the Caribbean, with the volume of exports amounting to X tonnes, which was near X% of total exports in 2019. It was distantly followed by Brazil (X tonnes), Mexico (X tonnes) and Peru (X tonnes), together generating a X% share of total exports. Honduras (X tonnes) followed a long way behind the leaders.

Exports from Chile decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Honduras (+X%) and Peru (+X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. By contrast, Mexico (-X%) and Brazil (-X%) illustrated a downward trend over the same period. While the share of Peru (+X p.p.), Chile (+X p.p.) and Honduras (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Mexico (-X p.p.) and Brazil (-X p.p.) displayed negative dynamics.

In value terms, Chile ($X) remains the largest sweetened condensed and evaporated milk supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Chile stood at -X%. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and Mexico (-X% per year).

Export Prices by Country

In 2019, the export price for condensed or evaporated milk (sweetened) in Latin America and the Caribbean amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the export price, however, recorded modest growth. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The level of export peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports in Latin America and the Caribbean

In 2019, sweetened condensed and evaporated milk imports in Latin America and the Caribbean amounted to X tonnes, growing by X% on 2018. The total import volume increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the maximum in 2019 and are likely to see steady growth in the near future.

In value terms, sweetened condensed and evaporated milk imports rose modestly to $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. The level of import peaked in 2019 and is expected to retain growth in the near future.

Imports by Country

Venezuela (X tonnes) and Mexico (X tonnes) represented roughly X% of total imports of condensed or evaporated milk (sweetened) in 2019. It was distantly followed by Costa Rica (X tonnes) and Peru (X tonnes), together constituting a X% share of total imports. Trinidad and Tobago (X tonnes), Guatemala (X tonnes), the Dominican Republic (X tonnes), Belize (X tonnes), Haiti (X tonnes), Ecuador (X tonnes), Paraguay (X tonnes), Chile (X tonnes) and Bolivia (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in the Dominican Republic, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) constitutes the largest market for imported condensed or evaporated milk (sweetened) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Costa Rica, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Venezuela stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (-X% per year) and Costa Rica (+X% per year).

Import Prices by Country

In 2019, the import price for condensed or evaporated milk (sweetened) in Latin America and the Caribbean amounted to $X per tonne, remaining relatively unchanged against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Venezuela ($X per tonne), while Belize ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Venezuela, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensed or evaporated milk (sweetened) in LatAmerica and the Caribbean?
+
The countries with the highest volumes of sweetened condensed and evaporated milk consumption in 2019 were Mexico (70K tonnes), Brazil (56K tonnes) and Cuba (31K tonnes), with a combined 68% share of total consumption.
What are the largest producers of condensed or evaporated milk (sweetened) in LatAmerica and the Caribbean?
+
The countries with the highest volumes of sweetened condensed and evaporated milk production in 2019 were Brazil (65K tonnes), Mexico (63K tonnes) and Chile (40K tonnes), together accounting for 79% of total production. These countries were followed by Cuba and Peru, which together accounted for a further 17%.
What are the leading suppliers of condensed or evaporated milk (sweetened) in LatAmerica and the Caribbean?
+
In value terms, Chile ($42M) remains the largest sweetened condensed and evaporated milk supplier in Latin America and the Caribbean, comprising 50% of total exports. The second position in the ranking was occupied by Brazil ($17M), with a 20% share of total exports. It was followed by Mexico, with a 15% share.
What are the leading importers of condensed or evaporated milk (sweetened) in LatAmerica and the Caribbean?
+
In value terms, Venezuela ($43M) constitutes the largest market for imported condensed or evaporated milk (sweetened) in Latin America and the Caribbean, comprising 36% of total imports. The second position in the ranking was occupied by Mexico ($17M), with a 14% share of total imports. It was followed by Costa Rica, with a 7.2% share.
What is the average export price for condensed or evaporated milk (sweetened) in LatAmerica and the Caribbean?
+
In 2019, the export price for condensed or evaporated milk (sweetened) in Latin America and the Caribbean amounted to $1,711 per tonne, which is down by -7.2% against the previous year.
What is the average import price for condensed or evaporated milk (sweetened) in LatAmerica and the Caribbean?
+
In 2019, the import price for condensed or evaporated milk (sweetened) in Latin America and the Caribbean amounted to $1,807 per tonne, approximately reflecting 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 Latin America and the Caribbean. 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:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• 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
CONSUMPTION BY COUNTRY
3.3
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
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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