Market for Evaporated And Condensed Milk in Argentina
Market Overview
In 
, the Argentinian evaporated and condensed milk market increased by % to $, rising for the third consecutive year after four years of decline. In general, consumption, however, recorded a pronounced slump. As a result, consumption attained the peak level of $. From 2014 to , the growth of the market remained at a lower figure.
In value terms, evaporated and condensed milk production rose modestly to $ in estimated in export price. In general, production, however, saw a pronounced downturn. The growth pace was the most rapid in 2013 when the production volume increased by %. Evaporated and condensed milk production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.
, the Argentinian evaporated and condensed milk market increased by % to $, rising for the third consecutive year after four years of decline. In general, consumption, however, recorded a pronounced slump. As a result, consumption attained the peak level of $. From 2014 to , the growth of the market remained at a lower figure.In value terms, evaporated and condensed milk production rose modestly to $
in estimated in export price. In general, production, however, saw a pronounced downturn. The growth pace was the most rapid in 2013 when the production volume increased by %. Evaporated and condensed milk production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.Consumption
In , consumption of evaporated and condensed milk increased by % to tons, rising for the second year in a row after five years of decline. Over the period under review, consumption, however, continues to indicate a slight setback. Evaporated and condensed milk consumption peaked at tons in 2015; however, from 2016 to , consumption failed to regain momentum.
The size of the evaporated and condensed milk market in Argentina totaled $ in , surging 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 pronounced setback. As a result, consumption attained the peak level of $. From 2014 to , the growth of the market failed to regain momentum.
, consumption of evaporated and condensed milk increased by % to tons, rising for the second year in a row after five years of decline. Over the period under review, consumption, however, continues to indicate a slight setback. Evaporated and condensed milk consumption peaked at tons in 2015; however, from 2016 to , consumption failed to regain momentum.The size of the evaporated and condensed milk market in Argentina totaled $
in , surging 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 pronounced setback. As a result, consumption attained the peak level of $. From 2014 to , the growth of the market failed to regain momentum.Market Forecast
Depressed by shrinking demand for evaporated and condensed milk in Argentina, the market is expected to continue its downward consumption trend over the next eight years. 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
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Argentina imports of in the evaporated and condensed milk market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Argentina imports of in the evaporated and condensed milk market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.Trade Balance
Argentina remains a net exporter of evaporated and condensed 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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