Argentina: Whole Powdered Milk Market 2024

Whole Powdered Milk Market Size in Argentina

The Argentinian whole powdered milk market contracted significantly to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a pronounced curtailment. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Whole Powdered Milk Production in Argentina

In value terms, whole powdered milk production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Whole powdered milk production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Whole Powdered Milk Exports

Exports from Argentina

In 2022, approx. X tons of whole powdered milk were exported from Argentina; with an increase of X% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, whole powdered milk exports soared to $X in 2022. Overall, exports, however, showed a perceptible slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Algeria (X tons), Brazil (X tons) and Peru (X tons) were the main destinations of whole powdered milk exports from Argentina, together accounting for X% of total exports. Cuba, China, Chile and Venezuela lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Brazil ($X) and Peru ($X) were the largest markets for whole powdered milk exported from Argentina worldwide, with a combined X% share of total exports. Cuba, China, Chile and Venezuela lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average whole powdered milk export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Venezuela ($X per ton) and Peru ($X per ton), while the average price for exports to China ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Whole Powdered Milk Imports

Imports into Argentina

In 2022, after two years of decline, there was significant growth in overseas purchases of whole powdered milk, when their volume increased by X% to X tons. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, whole powdered milk imports soared to $X in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Germany (X tons) and Chile (X tons) were the main suppliers of whole powdered milk imports to Argentina, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of whole powdered milk to Argentina, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Chile (X% per year).

Import Prices by Country

The average whole powdered milk import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price, however, posted significant growth. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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