Latest Report Update: Apr 18, 2021

Mexico - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Mexico: Overview of the Market for Condensed Or Evaporated Milk (Sweetened) 2021

Market Size for Condensed Or Evaporated Milk (Sweetened) in Mexico

The Mexican market for condensed or evaporated milk (sweetened) totaled $X in 2019, growing by X% against the previous year. Overall, the total consumption indicated temperate growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2010 when the market value increased by X% year-to-year. Sweetened condensed and evaporated milk consumption peaked in 2019 and is likely to see steady growth in years to come.

Production of Condensed Or Evaporated Milk (Sweetened) in Mexico

In value terms, sweetened condensed and evaporated milk production rose remarkably to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% y-o-y. Sweetened condensed and evaporated milk production peaked in 2019 and is likely to see steady growth in the near future.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Mexico

In 2019, overseas shipments of condensed or evaporated milk (sweetened) decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk exports reduced rapidly to $X in 2019. Over the period under review, exports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

Exports by Country

The U.S. (X tonnes) was the main destination for sweetened condensed and evaporated milk exports from Mexico, accounting for a X% share of total exports. Moreover, sweetened condensed and evaporated milk exports to the U.S. exceeded the volume sent to the second major destination, Guatemala (X tonnes), fivefold. The third position in this ranking was occupied by Honduras (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Honduras (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for sweetened condensed and evaporated milk exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Honduras (+X% per year).

Export Prices by Country

In 2019, the average export price for condensed or evaporated milk (sweetened) amounted to $X per tonne, shrinking by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. The export price peaked at $X per tonne in 2018, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Honduras ($X per tonne), while the average price for exports to Belize ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Honduras, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Mexico

In 2019, approx. X tonnes of condensed or evaporated milk (sweetened) were imported into Mexico; shrinking by -X% compared with the previous year. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, sweetened condensed and evaporated milk imports contracted rapidly to $X in 2019. Over the period under review, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) was the main supplier of sweetened condensed and evaporated milk to Mexico, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from the U.S. stood at +X%.

In value terms, the U.S. ($X) constituted the largest supplier of sweetened condensed and evaporated milk to Mexico.

From 2007 to 2019, the average annual growth rate of value from the U.S. amounted to +X%.

Import Prices by Country

In 2019, the average import price for condensed or evaporated milk (sweetened) amounted to $X per tonne, approximately equating the previous year. Over the period under review, the import price saw a mild reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensed or evaporated milk (sweetened) in the world?
+
The country with the largest volume of sweetened condensed and evaporated milk consumption was the U.S. (828K tonnes), comprising approx. 34% of total volume. Moreover, sweetened condensed and evaporated milk consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Malaysia (278K tonnes), threefold. The third position in this ranking was occupied by the UK (170K tonnes), with a 6.9% share.
What are the largest producers of condensed or evaporated milk (sweetened) in the world?
+
The country with the largest volume of sweetened condensed and evaporated milk production was the U.S. (814K tonnes), accounting for 33% of total volume. Moreover, sweetened condensed and evaporated milk production in the U.S. exceeded the figures recorded by the second-largest producer, Malaysia (344K tonnes), twofold. The third position in this ranking was occupied by Saudi Arabia (214K tonnes), with a 8.6% share.
What are the leading suppliers of condensed or evaporated milk (sweetened) to Mexico?
+
In value terms, the U.S. ($17M) constituted the largest supplier of sweetened condensed and evaporated milk to Mexico.
What are the leading importers of condensed or evaporated milk (sweetened) from Mexico?
+
In value terms, the U.S. ($11M) remains the key foreign market for sweetened condensed and evaporated milk exports from Mexico, comprising 88% of total exports. The second position in the ranking was occupied by Guatemala ($992K), with a 7.9% share of total exports. It was followed by Honduras, with a 2.5% share.
What is the average export price for condensed or evaporated milk (sweetened) in Mexico?
+
The average export price for condensed or evaporated milk (sweetened) stood at $2,064 per tonne in 2019, dropping by -2.6% against the previous year.
What is the average import price for condensed or evaporated milk (sweetened) in Mexico?
+
The average import price for condensed or evaporated milk (sweetened) stood at $1,269 per tonne in 2019, standing approx. at the previous year.

Product coverage:
• FCL 889 - Whole Milk, Condensed
• FCL 896 - Skim Milk, Condensed

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Mexico. 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:
• Mexico

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Mexico
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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