Earlier Report Observations
The Nicaraguan market for butter, dairy spreads, and milk fats experienced robust growth from 1 369 t in 2018 to 2 127 t in 2020. This expansion was driven by a notable rise in domestic production, which increased from 1 143 t to 1 800 t, while imports remained a significant contributor.
Following a slight contraction to 1 999 t in 2021, the market volume rebounded, reaching 2 189 t by 2023. The recovery was supported by a substantial increase in imports, which climbed to 493 t in 2023, even as domestic production stabilized around 1 700 t.
In 2023, the Nicaraguan government's National Production, Consumption and Trade Plan aimed to strengthen the dairy sector. While overall milk production grew, production of butter and milk fats held steady, with market growth primarily fueled by higher imports.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Nicaragua
- 5.1.1. Annual dynamics of production in Nicaragua in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Nicaragua in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Nicaragua
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6. Exports
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6.1. Exports (Direct Data)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, t
- 6.1.2.1. Annual dynamics of product's exports from Nicaragua in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, K $ US
- 6.1.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/t
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, t
- 6.2.2.1. Annual dynamics of product's exports from Nicaragua in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, K $ US
- 6.2.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/t
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6.1. Exports (Direct Data)
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7. Imports
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7.1. Imports (Direct Data)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, t
- 7.1.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, K $ US
- 7.1.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/t
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, t
- 7.2.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, K $ US
- 7.2.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/t
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7.1. Imports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production butter, dairy spreads and milk fats in Nicaragua
In kind, 2017-2020, t
Top producers of butter, dairy spreads and milk fats, 2017-2020
World map of production of butter, dairy spreads and milk fats, 2017-2020
Nicaragua's production of butter, dairy spreads, and milk fats has grown for the third year in a row. In 2020, the country produced 1 799.8 tonnes, marking a 6.3% increase from 2019. Looking at the period from 2017 to 2020, production rose by 62.4%, which translates to an average annual growth rate of 17.6%.
Annual dynamics of production in Nicaragua in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 3.2% | 48.1% | 6.3% | 17.6% |
Exports butter, dairy spreads and milk fats from Nicaragua
Exports in kind, t
Exports of butter, dairy spreads, and milk fats from Nicaragua have fallen for the third consecutive year. In 2020, exports totaled just 0.6 tonnes, a sharp decline of 98.4% compared to 2019. Over the 2017-2020 period, exports dropped by 99.6%, with a compound annual growth rate of -83.7%.
Annual dynamics of product's exports from Nicaragua in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (64.7%) | (24.8%) | (98.4%) | (83.7%) |
From 2017 to 2020, El Salvador was the dominant destination for Nicaragua's exports in volume terms, accounting for 93.1% of the total flows.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Nicaragua in kind, 2017-2020
Exports in value, K $ US
Nicaragua's export value of butter, dairy spreads, and milk fats has decreased for the third year in a row. In 2020, exports were valued at 1 000 US dollars, representing a dramatic 99.0% drop from the previous year. Between 2017 and 2020, export value fell by 99.7%, with a compound annual growth rate of -86.1%.
Annual dynamics of product's exports from Nicaragua in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (67.2%) | (20.0%) | (99.0%) | (86.1%) |
During 2017-2020, El Salvador effectively monopolized the export value of butter, dairy spreads, and milk fats from Nicaragua, capturing 92.6% of the total flows.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Nicaragua in value, 2017-2020
Imports butter, dairy spreads and milk fats to Nicaragua
Imports in kind, t
Nicaragua imported 327.3 tonnes of butter, dairy spreads, and milk fats in 2020, a 50.8% increase from 2019. From 2017 to 2020, imports grew by 77%, averaging an annualized rate of 21.0%. The largest decline occurred in 2019, with a drop of 20.6%.
Annual dynamics of product's imports to Nicaragua in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 47.8% | (20.6%) | 50.8% | 21.0% |
From 2017 to 2020, Costa Rica dominated Nicaragua's import volume of butter, dairy spreads, and milk fats, consistently making up 92.0% of total flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Nicaragua in kind, 2017-2020
Imports in value, K $ US
The import market showed significant volatility during these years. Import values fluctuated 1.8-fold, with the lowest point in 2019 at 910 000 US dollars and the peak in 2020 at 1 633 000 US dollars. In 2020, imports surged by 79.5% compared to 2019. The largest decline was recorded in 2019, at 31.5%.
Annual dynamics of product's imports to Nicaragua in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 33.5% | (31.5%) | 79.5% | 18.0% |
Throughout 2017-2020, imports in value terms were heavily concentrated on Costa Rica, which accounted for 90.3% of total flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Nicaragua in value, 2017-2020
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