Overview of the Market for Sweetened Condensed And Evaporated Milk in Chile
In value terms, sweetened condensed and evaporated milk production declined to $ in 2019 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of % y-o-y. Over the period under review, production attained the peak level at $ in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.
The value of the market for condensed or evaporated milk (sweetened) in Chile surged to $ in 2019, with an increase of % 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). In general, the total consumption indicated a tangible expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2012 indices. The pace of growth appeared the most rapid in 2012 with an increase of % year-to-year. Sweetened condensed and evaporated milk consumption peaked in 2019 and is expected to retain growth in years to come.