Market for Yoghurt and Fermented Milk in Argentina
Market Overview
The Argentinian yoghurt and fermented milk market expanded slightly to $
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). In general, the total consumption indicated a pronounced expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Yoghurt and fermented milk consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
In value terms, yoghurt and fermented milk production rose markedly to $ in estimated in export price. Over the period under review, the total production indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The pace of growth appeared the most rapid in when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2016; however, from 2017 to , production remained at a lower figure.
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). In general, the total consumption indicated a pronounced expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Yoghurt and fermented milk consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.In value terms, yoghurt and fermented milk production rose markedly to $
in estimated in export price. Over the period under review, the total production indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The pace of growth appeared the most rapid in when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2016; however, from 2017 to , production remained at a lower figure.Consumption
In , consumption of yoghurt and fermented milk in Argentina shrank slightly to tons, falling by -% compared with the previous year's figure. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of %. As a result, consumption reached the peak volume of tons. From to , the growth of the consumption remained at a somewhat lower figure.
The revenue of the yoghurt and fermented milk market in Argentina expanded to $ in , 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). Overall, the total consumption indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Yoghurt and fermented milk consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
, consumption of yoghurt and fermented milk in Argentina shrank slightly to tons, falling by -% compared with the previous year's figure. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of %. As a result, consumption reached the peak volume of tons. From to , the growth of the consumption remained at a somewhat lower figure.The revenue of the yoghurt and fermented milk market in Argentina expanded to $
in , 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). Overall, the total consumption indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Yoghurt and fermented milk consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for yoghurt and fermented 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 yoghurt and fermented 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 yoghurt and fermented milk.
Trade Balance
Argentina remains a net exporter of yoghurt and fermented 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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