Venezuela: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Venezuela

The Venezuelan market for powdered, evaporated and condensed milk amounted to $X in 2022, increasing by X% against the previous year. In general, consumption, however, showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Powdered, Evaporated And Condensed Milk in Venezuela

In value terms, powdered, evaporated and condensed milk production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Venezuela

In 2022, approx. X tons of powdered, evaporated and condensed milk were exported from Venezuela; jumping by X% on 2021 figures. In general, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk exports soared to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for powdered, evaporated and condensed milk exports from Venezuela, accounting for a X% share of total exports. Moreover, powdered, evaporated and condensed milk exports to Ecuador exceeded the volume sent to the second major destination, the United States (X tons), threefold. Aruba (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Aruba (X% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for powdered, evaporated and condensed milk exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Chile, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $X per ton, rising by X% against the previous year. Overall, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Aruba ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Venezuela

In 2022, after two years of growth, there was decline in purchases abroad of powdered, evaporated and condensed milk, when their volume decreased by X% to X tons. In general, imports showed a abrupt curtailment. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk imports amounted to $X in 2022. Over the period under review, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

New Zealand (X tons), Argentina (X tons) and Panama (X tons) were the main suppliers of powdered, evaporated and condensed milk imports to Venezuela, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Argentina ($X), New Zealand ($X) and Ecuador ($X) were the largest powdered, evaporated and condensed milk suppliers to Venezuela, with a combined X% share of total imports. Ireland, Brazil, Chile, Panama, Uruguay and the United States lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Panama, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for powdered, evaporated and condensed milk stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a deep slump. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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