Latin America and the Caribbean: Skim Milk Market 2024

Skim Milk Market Size in Latin America and the Caribbean

In 2022, the Latin American skim milk market increased by less than X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, saw a slight contraction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Skim Milk Production in Latin America and the Caribbean

In value terms, skim milk production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The country with the largest volume of skim milk production was Brazil (X tons), comprising approx. X% of total volume. Moreover, skim milk production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), threefold. The third position in this ranking was taken by Colombia (X tons), with an X% share.

In Brazil, skim milk production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Skim Milk Exports

Exports in Latin America and the Caribbean

After three years of growth, shipments abroad of skim milk decreased by X% to X tons in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, skim milk exports reduced markedly to $X in 2022. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Costa Rica was the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Brazil (X tons), Honduras (X tons) and Nicaragua (X tons), together achieving a X% share of total exports. Mexico (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to skim milk exports from Costa Rica stood at X%. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Honduras (X%), Nicaragua (X%) and Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Costa Rica and Brazil increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Costa Rica ($X) remains the largest skim milk supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

In Costa Rica, skim milk 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: Brazil (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Skim Milk Imports

Imports in Latin America and the Caribbean

Skim milk imports amounted to X tons in 2022, increasing by X% compared with the previous year. In general, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, skim milk imports expanded rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Guatemala (X tons), distantly followed by El Salvador (X tons), Chile (X tons), Uruguay (X tons), the Dominican Republic (X tons), Honduras (X tons) and Nicaragua (X tons) represented the major importers of skim milk, together making up X% of total imports. Mexico (X tons), Belize (X tons), Curacao (X tons) and Venezuela (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nicaragua (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), El Salvador ($X) and Chile ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. The Dominican Republic, Honduras, Nicaragua, Curacao, Uruguay, Belize, Mexico and Venezuela lagged somewhat behind, together comprising a further X%.

Nicaragua, 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 more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, recorded a mild curtailment. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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