Milk Market in Argentina
Market Overview
The Argentinian milk market contracted slightly to $
in , falling 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, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in 2015; however, from 2016 to , consumption failed to regain momentum.
In value terms, milk production declined slightly to $ in estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the production volume increased by %. Milk production peaked at $ in 2015; however, from 2016 to , production stood at a somewhat lower figure.
in , falling 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, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in 2015; however, from 2016 to , consumption failed to regain momentum.In value terms, milk production declined slightly to $
in estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the production volume increased by %. Milk production peaked at $ in 2015; however, from 2016 to , production stood at a somewhat lower figure.Consumption
In , after two years of growth, there was decline in consumption of milk, when its volume decreased by -% to tons. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak volume of tons. From 2016 to , the growth of the consumption failed to regain momentum.
The size of the milk market in Argentina contracted 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, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
, after two years of growth, there was decline in consumption of milk, when its volume decreased by -% to tons. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak volume of tons. From 2016 to , the growth of the consumption failed to regain momentum.The size of the milk market in Argentina contracted 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, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.Consumption by Type
Whole fresh milk ( tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, whole fresh milk exceeded the figures recorded for the second-largest type, skim milk ( tons), more than tenfold.
From 2007 to, the average annual growth rate of the volume of whole fresh milk consumptions was relatively modest.
In value terms, whole fresh milk ($) led the market, alone. The second position in the ranking was taken by skim milk ($).
From 2007 to, the average annual rate of growth in terms of the value of whole fresh milk markets was relatively modest.
tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, whole fresh milk exceeded the figures recorded for the second-largest type, skim milk ( tons), more than tenfold.From 2007 to
, the average annual growth rate of the volume of whole fresh milk consumptions was relatively modest.In value terms, whole fresh milk ($
) led the market, alone. The second position in the ranking was taken by skim milk ($).From 2007 to
, the average annual rate of growth in terms of the value of whole fresh milk markets was relatively modest.Market Forecast
Driven by increasing demand for 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 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 milk.
Trade Balance
Argentina remains a net exporter of 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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