Latest Report Update: May 14, 2021

Latin America and the Caribbean - Lactose And Lactose Syrup - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Latin America and the Caribbean: Lactose Market Overview 2021

Lactose Market Size in Latin America and the Caribbean

The Latin American lactose market shrank to $X in 2020, with a decrease of -X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2013 to 2020, the growth of the market remained at a somewhat lower figure.

Lactose Production in Latin America and the Caribbean

In value terms, lactose production expanded markedly to $X in 2020 estimated in export prices. Overall, production showed a slight descent. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. The level of production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Production By Country in Latin America and the Caribbean

Argentina (X tonnes) remains the largest lactose producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, lactose production in Argentina exceeded the figures recorded by the second-largest producer, Panama (X tonnes), sixfold. The third position in this ranking was occupied by Honduras (X tonnes), with a X% share.

In Argentina, lactose production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Panama (+X% per year) and Honduras (-X% per year).

Lactose Exports

Exports in Latin America and the Caribbean

Lactose exports contracted rapidly to X tonnes in 2020, which is down by -X% on the year before. Overall, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, lactose exports declined markedly to $X in 2020. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The level of export peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Argentina prevails in lactose exports structure, accounting for X tonnes, which was approx. X% of total exports in 2020. Panama (X tonnes) ranks second in terms of the total exports with a X% share, followed by Guatemala (X%). The following exporters - El Salvador (X tonnes) and Colombia (X tonnes) - together made up X% of total exports.

Exports from Argentina decreased at an average annual rate of -X% from 2007 to 2020. At the same time, El Salvador (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Guatemala (-X%) and Panama (-X%) illustrated a downward trend over the same period. While the share of Argentina (+X p.p.), Guatemala (+X p.p.), El Salvador (+X p.p.) and Colombia (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Panama (-X p.p.) displayed negative dynamics.

In value terms, Argentina ($X) remains the largest lactose supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

In Argentina, lactose exports plunged by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Guatemala (+X% per year) and Panama (-X% per year).

Export Prices by Country

The lactose export price in Latin America and the Caribbean stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2013 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2014 to 2020, the growth in terms of the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Guatemala ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Guatemala, while the other leaders experienced a decline in the export price figures.

Lactose Imports

Imports in Latin America and the Caribbean

In 2020, after five years of growth, there was significant decline in supplies from abroad of lactose and lactose syrup, when their volume decreased by -X% to X tonnes. Over the period under review, imports, however, showed a measured increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2019, and then shrank rapidly in the following year.

In value terms, lactose imports reduced dramatically to $X in 2020. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2013 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Mexico (X tonnes) was the major importer of lactose and lactose syrup, generating X% of total imports. Brazil (X tonnes) took the second position in the ranking, followed by Uruguay (X tonnes) and Chile (X tonnes). All these countries together occupied approx. X% share of total imports. Colombia (X tonnes) and Argentina (X tonnes) held a minor share of total imports.

From 2007 to 2020, average annual rates of growth with regard to lactose imports into Mexico stood at +X%. At the same time, Uruguay (+X%), Chile (+X%), Argentina (+X%), Brazil (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Uruguay, Mexico and Chile increased by +X%, +X% and +X% percentage points, while Colombia (-X p.p.) and Brazil (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported lactose and lactose syrup in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Mexico was relatively modest. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and Uruguay (+X% per year).

Import Prices by Country

The lactose import price in Latin America and the Caribbean stood at $X per tonne in 2020, remaining relatively unchanged against the previous year. In general, the import price, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2012 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2013 to 2020, the growth in terms of the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Argentina ($X per tonne), while Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lactose and lactose syrup in LatAmerica and the Caribbean?
+
The countries with the highest volumes of lactose consumption in 2020 were Mexico (46K tonnes), Argentina (33K tonnes) and Brazil (11K tonnes), with a combined 74% share of total consumption. Uruguay, Panama, Chile and Honduras lagged somewhat behind, together accounting for a further 17%.
What are the largest producers of lactose and lactose syrup in LatAmerica and the Caribbean?
+
Argentina (32K tonnes) remains the largest lactose producing country in Latin America and the Caribbean, accounting for 71% of total volume. Moreover, lactose production in Argentina exceeded the figures recorded by the second-largest producer, Panama (5.8K tonnes), sixfold. The third position in this ranking was occupied by Honduras (3.8K tonnes), with a 8.4% share.
What are the leading suppliers of lactose and lactose syrup in LatAmerica and the Caribbean?
+
In value terms, Argentina ($1M) remains the largest lactose supplier in Latin America and the Caribbean, comprising 54% of total exports. The second position in the ranking was occupied by Guatemala ($249K), with a 13% share of total exports. It was followed by Panama, with a 8.9% share.
What are the leading importers of lactose and lactose syrup in LatAmerica and the Caribbean?
+
In value terms, Mexico ($42M) constitutes the largest market for imported lactose and lactose syrup in Latin America and the Caribbean, comprising 50% of total imports. The second position in the ranking was occupied by Brazil ($16M), with a 19% share of total imports. It was followed by Uruguay, with a 8.8% share.
What is the average export price for lactose and lactose syrup in LatAmerica and the Caribbean?
+
The lactose export price in Latin America and the Caribbean stood at $1,577 per tonne in 2020, increasing by 8.1% against the previous year.
What is the average import price for lactose and lactose syrup in LatAmerica and the Caribbean?
+
In 2020, the lactose import price in Latin America and the Caribbean amounted to $1,088 per tonne, approximately reflecting the previous year.

Product coverage:
• Prodcom 10515400 - Lactose and lactose syrup (including chemically pure lactose)

This report provides an in-depth analysis of the lactose market 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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