Skim Milk Market in Argentina
Market Overview
The Argentinian skim milk market contracted modestly to $
in , standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
In value terms, skim milk production declined slightly to $ in estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Skim milk production peaked at $ in 2015; however, from 2016 to , production stood at a somewhat lower figure.
in , standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.In value terms, skim milk production declined slightly to $
in estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Skim milk production peaked at $ in 2015; however, from 2016 to , production stood at a somewhat lower figure.Consumption
In , approx. tons of skim milk were consumed in Argentina; flattening at figures. In general, consumption, however, continues to indicate a mild descent. Over the period under review, consumption hit record highs at tons in 2008; however, from 2009 to , consumption remained at a lower figure.
The revenue of the skim milk market in Argentina shrank slightly to $ in , standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Skim milk consumption peaked at $ in 2015; however, from 2016 to , consumption remained at a lower figure.
, approx. tons of skim milk were consumed in Argentina; flattening at figures. In general, consumption, however, continues to indicate a mild descent. Over the period under review, consumption hit record highs at tons in 2008; however, from 2009 to , consumption remained at a lower figure.The revenue of the skim milk market in Argentina shrank slightly to $
in , standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Skim milk consumption peaked at $ in 2015; however, from 2016 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for skim milk in Argentina, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of skim milk in Argentina were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for skim milk.
Trade Balance
Argentina remains a net exporter of skim milk; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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