MERCOSUR: Yoghurt Market 2024

Yoghurt Market Size in MERCOSUR

The MERCOSUR yoghurt market shrank to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Yoghurt Production in MERCOSUR

In value terms, yoghurt production declined slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Yoghurt Exports

Exports in MERCOSUR

In 2022, overseas shipments of yoghurt decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, yoghurt exports reduced to $X in 2022. Over the period under review, exports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile was the main exporter of yoghurt in MERCOSUR, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Colombia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%) and Venezuela (X%). Brazil (X tons) and Ecuador (X tons) took a minor share of total exports.

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

In value terms, Chile ($X) remains the largest yoghurt supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

In Chile, yoghurt exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. In general, the export price saw a buoyant expansion. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Yoghurt Imports

Imports in MERCOSUR

After three years of decline, overseas purchases of yoghurt increased by X% to X tons in 2022. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 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, yoghurt imports rose slightly to $X in 2022. Over the period under review, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Uruguay was the main importer of yoghurt in MERCOSUR, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Suriname (X tons) held the second position in the ranking, followed by Guyana (X tons), Chile (X tons), Colombia (X tons) and Venezuela (X tons). All these countries together held approx. X% share of total imports. Paraguay (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to yoghurt imports into Uruguay stood at X%. At the same time, Guyana (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Venezuela and Suriname experienced a relatively flat trend pattern. By contrast, Chile (X%) and Paraguay (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Guyana, Suriname, Chile, Colombia and Venezuela increased by X, X, X, X and X percentage points, respectively.

In value terms, the largest yoghurt importing markets in MERCOSUR were Uruguay ($X), Guyana ($X) and Colombia ($X), with a combined X% share of total imports.

Guyana, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2017; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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