Powdered Milk Market in Argentina
Market Overview
The Argentinian powdered milk market contracted markedly to $
in , shrinking 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). Over the period under review, consumption saw a abrupt shrinkage. Powdered milk consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
In value terms, powdered milk production stood at $ in estimated in export price. Over the period under review, production, however, saw a mild downturn. The pace of growth appeared the most rapid in 2011 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.
in , shrinking 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). Over the period under review, consumption saw a abrupt shrinkage. Powdered milk consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.In value terms, powdered milk production stood at $
in estimated in export price. Over the period under review, production, however, saw a mild downturn. The pace of growth appeared the most rapid in 2011 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.Consumption
In , approx. tons of powdered milk were consumed in Argentina; shrinking by -% on the previous year's figure. Overall, consumption continues to indicate a abrupt contraction. Powdered milk consumption peaked at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
The value of the powdered milk market in Argentina reduced markedly to $ in , which is down 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). Over the period under review, consumption recorded a abrupt shrinkage. Powdered milk consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, approx. tons of powdered milk were consumed in Argentina; shrinking by -% on the previous year's figure. Overall, consumption continues to indicate a abrupt contraction. Powdered milk consumption peaked at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.The value of the powdered milk market in Argentina reduced markedly to $
in , which is down 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). Over the period under review, consumption recorded a abrupt shrinkage. Powdered milk consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for powdered 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 powdered 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 powdered milk.
Trade Balance
Argentina remains a net exporter of powdered 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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