MERCOSUR: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in MERCOSUR

The MERCOSUR market for condensed or evaporated milk (unsweetened) stood at $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Condensed Or Evaporated Milk (Unsweetened) in MERCOSUR

In value terms, unsweetened condensed and evaporated milk production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports in MERCOSUR

In 2022, overseas shipments of condensed or evaporated milk (unsweetened) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk exports soared to $X in 2022. In general, exports, however, saw a deep slump. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Peru prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. Chile (X tons) followed a long way behind the leaders.

Exports from Peru decreased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. While the share of Chile (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Peru (X p.p.) displayed negative dynamics.

In value terms, Peru ($X) remains the largest unsweetened condensed and evaporated milk supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports.

In Peru, unsweetened condensed and evaporated milk exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Peru amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%).

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports in MERCOSUR

In 2022, supplies from abroad of condensed or evaporated milk (unsweetened) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk imports expanded slightly to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Peru (X tons) and Chile (X tons) represented the key importers of condensed or evaporated milk (unsweetened) in 2022, recording approx. X% and X% of total imports, respectively. Guyana (X tons) took the next position in the ranking, distantly followed by Venezuela (X tons). All these countries together held approx. X% share of total imports. The following importers - Suriname (X tons) and Colombia (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unsweetened condensed and evaporated milk importing markets in MERCOSUR were Chile ($X), Peru ($X) and Guyana ($X), with a combined X% share of total imports. Venezuela, Colombia and Suriname lagged somewhat behind, together comprising a further X%.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unsweetened condensed and evaporated milk import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guyana ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guyana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :