Whey Market in Argentina
Market Overview
The Argentinian whey market surged 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). In general, consumption recorded a prominent increase. Over the period under review, the market hit record highs in and is likely to continue growth in the near future.
In value terms, whey production totaled $ in estimated in export price. Overall, production recorded a remarkable increase. The growth pace was the most rapid in 2010 when the production volume increased by % against the previous year. Whey production peaked at $ in 2013; however, from 2014 to , production failed to regain momentum.
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). In general, consumption recorded a prominent increase. Over the period under review, the market hit record highs in and is likely to continue growth in the near future.In value terms, whey production totaled $
in estimated in export price. Overall, production recorded a remarkable increase. The growth pace was the most rapid in 2010 when the production volume increased by % against the previous year. Whey production peaked at $ in 2013; however, from 2014 to , production failed to regain momentum.Consumption
Whey consumption in Argentina soared to tons in , rising by % compared with the previous year. Overall, consumption recorded a strong expansion. Over the period under review, consumption hit record highs in and is expected to retain growth in the near future.
The revenue of the whey market in Argentina surged to $ in , rising 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 enjoyed prominent growth. Over the period under review, the market reached the maximum level in and is expected to retain growth in the immediate term.
tons in , rising by % compared with the previous year. Overall, consumption recorded a strong expansion. Over the period under review, consumption hit record highs in and is expected to retain growth in the near future.The revenue of the whey market in Argentina surged to $
in , rising 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 enjoyed prominent growth. Over the period under review, the market reached the maximum level in and is expected to retain growth in the immediate term.Market Forecast
Driven by increasing demand for whey in Argentina, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, 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
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Argentina domestic supply is expected to continue its growth.
% in 2007 to % in . Argentina domestic supply is expected to continue its growth.Trade Balance
Argentina remains a net exporter of whey; 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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