MERCOSUR: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in MERCOSUR

In 2022, the MERCOSUR evaporated and condensed milk market decreased by X% to $X, falling for the second year in a row after four years of growth. The market value 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 in certain years. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Evaporated And Condensed Milk in MERCOSUR

In value terms, evaporated and condensed milk production reached $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 remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

The country with the largest volume of evaporated and condensed milk production was Peru (X tons), accounting for X% of total volume. Moreover, evaporated and condensed milk production in Peru exceeded the figures recorded by the second-largest producer, Brazil (X tons), eightfold. The third position in this ranking was taken by Chile (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Peru amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Brazil (X% per year) and Chile (X% per year).

Exports of Evaporated And Condensed Milk

Exports in MERCOSUR

In 2022, overseas shipments of evaporated and condensed milk increased by X% to X tons for the first time since 2016, thus ending a five-year declining trend. Overall, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Chile (X tons) was the key exporter of evaporated and condensed milk, making up X% of total exports. It was distantly followed by Peru (X tons) and Brazil (X tons), together committing a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Chile (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Chile ($X), Peru ($X) and Brazil ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price recorded a modest increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Evaporated And Condensed Milk

Imports in MERCOSUR

In 2022, the amount of evaporated and condensed milk imported in MERCOSUR reduced to X tons, which is down by X% on the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, evaporated and condensed milk imports rose markedly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Peru (X tons) and Chile (X tons) represented the main importers of evaporated and condensed milk in 2022, accounting for near X% and X% of total imports, respectively. Ecuador (X tons) took the next position in the ranking, followed by Venezuela (X tons), Guyana (X tons) and Paraguay (X tons). All these countries together took approx. X% share of total imports. Argentina (X tons) followed a long way behind the leaders.

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

In value terms, the largest evaporated and condensed milk importing markets in MERCOSUR were Peru ($X), Chile ($X) and Ecuador ($X), with a combined X% share of total imports.

Chile, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

The import price in MERCOSUR stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Guyana ($X per ton) and Ecuador ($X per ton), while Venezuela ($X per ton) and Peru ($X per ton) were 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

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