MERCOSUR: Milk Market 2024

Milk Market Size in MERCOSUR

The MERCOSUR milk market declined modestly to $X in 2022, almost unchanged from the previous year. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Milk Production in MERCOSUR

In value terms, milk production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible decline. The growth pace was the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Brazil (X tons) remains the largest milk producing country in MERCOSUR, comprising approx. X% of total volume. Moreover, milk production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), threefold. Colombia (X tons) ranked third in terms of total production with a X% share.

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

Milk Exports

Exports in MERCOSUR

In 2022, shipments abroad of milk increased by X% to X tons, rising for the second year in a row after six years of decline. Overall, exports, however, saw a deep slump. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, milk exports rose rapidly to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) and Brazil (X tons) represented the main exporters of milk in 2022, resulting at near X% and X% of total exports, respectively. Uruguay (X tons) ranks next in terms of the total exports with a X% share, followed by Peru (X%). Chile (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Argentina ($X), Brazil ($X) and Uruguay ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries 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, growing by X% against the previous year. Overall, the export price, however, recorded a pronounced decline. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Chile ($X per ton) and Brazil ($X per ton), while Uruguay ($X per ton) and Argentina ($X per ton) were amongst the lowest.

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

Milk Imports

Imports in MERCOSUR

After four years of growth, supplies from abroad of milk decreased by X% to X tons in 2022. Overall, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, milk imports contracted to $X in 2022. In general, imports recorded a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Venezuela (X tons) represented the key importer of milk, creating X% of total imports. Chile (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Uruguay (X%). The following importers - Peru (X tons) and Guyana (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to milk imports into Venezuela stood at X%. At the same time, Uruguay (X%), Chile (X%), Guyana (X%) and Peru (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Chile, Uruguay, Peru and Guyana increased by X, X, X and X percentage points, respectively.

In value terms, Venezuela ($X) constitutes the largest market for imported milk in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

In Venezuela, milk imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Uruguay (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, continues to indicate a slight shrinkage. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guyana ($X per ton), while Uruguay ($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 a decline in the import price figures.

Source: IndexBox Platform

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