Whole Fresh Milk Market in Argentina
Market Overview
The Argentinian whole fresh milk market declined to $
in , dropping by -% against 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). Overall, consumption, however, saw a relatively flat trend pattern. Whole fresh milk consumption peaked at $ in 2015; however, from 2016 to , consumption remained at a lower figure.
In value terms, whole fresh milk production fell modestly to $ in estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2015; however, from 2016 to , production failed to regain momentum.
in , dropping by -% against 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). Overall, consumption, however, saw a relatively flat trend pattern. Whole fresh milk consumption peaked at $ in 2015; however, from 2016 to , consumption remained at a lower figure.In value terms, whole fresh milk production fell modestly to $
in estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2015; however, from 2016 to , production failed to regain momentum.Consumption
After two years of growth, consumption of whole fresh milk decreased by -% to tons in . In general, consumption, however, continues to indicate a mild increase. As a result, consumption attained the peak volume of tons. From 2016 to , the growth of the consumption remained at a lower figure.
The revenue of the whole fresh milk market in Argentina declined slightly to $ in , waning by -% against 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Whole fresh milk consumption peaked at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
% to tons in . In general, consumption, however, continues to indicate a mild increase. As a result, consumption attained the peak volume of tons. From 2016 to , the growth of the consumption remained at a lower figure.The revenue of the whole fresh milk market in Argentina declined slightly to $
in , waning by -% against 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Whole fresh milk consumption peaked at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for whole fresh milk in Argentina, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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 whole fresh 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 whole fresh milk.
Trade Balance
Argentina remains a net exporter of whole fresh 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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