Venezuela: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Venezuela

The Venezuelan market for powdered, condensed or evaporated milk declined modestly to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption showed a abrupt downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Powdered, Condensed Or Evaporated Milk in Venezuela

In value terms, powdered, condensed or evaporated milk production expanded notably to $X in 2022 estimated in export price. In general, production, however, showed a mild downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Venezuela

Powdered, condensed or evaporated milk exports from Venezuela surged to X tons in 2022, picking up by X% on 2021. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced 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 failed to regain momentum.

Exports by Country

Aruba (X tons) was the main destination for powdered, condensed or evaporated milk exports from Venezuela, accounting for a X% share of total exports. Moreover, powdered, condensed or evaporated milk exports to Aruba exceeded the volume sent to the second major destination, Chile (X tons), twofold.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to Chile stood at X%. 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).

Export Prices by Country

In 2022, the average export price for powdered, condensed or evaporated milk amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price showed a resilient increase. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 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 mixed trend patterns.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Venezuela

In 2022, purchases abroad of powdered, condensed or evaporated milk decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk imports shrank to $X in 2022. Overall, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of X%), while imports for the other leaders experienced a decline.

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

Panama, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, dropping by X% against the previous year. Overall, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 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 failed to regain momentum.

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

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

Source: IndexBox Platform

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