Concentrated not sweetened milk and cream market in South America

Earlier Report Observations

The market for concentrated not sweetened milk and cream in South America expanded from 462 thousand tons in 2018 to 578 thousand tons in 2021. This growth was primarily driven by increased domestic consumption, particularly among lower-income households, which boosted demand. The COVID-19 pandemic in 2020 led to higher production costs and supply chain adjustments, but consumption remained resilient, supporting continued market expansion.

After peaking in 2021, the market stabilized at 577 thousand tons in 2022 as high inflation and reduced consumer purchasing power weighed on demand. Regulatory measures, including an anti-dumping investigation on imported milk powder, influenced market conditions. By 2023, the market volume contracted to 537 thousand tons, reflecting ongoing challenges from production costs and economic pressures.

Production concentrated not sweetened milk and cream in South America

In kind, 2017-2020, K t

Top producers of concentrated not sweetened milk and cream, 2017-2020

World map of production of concentrated not sweetened milk and cream, 2017-2020

South America's production of concentrated not sweetened milk and cream declined after two years of growth. In 2019, production reached its peak at 551.4 thousand tonnes, marking a 1.7% increase from the previous year. The following year, in 2020, output was 550.3 thousand tonnes, showing minimal change compared to 2019.

Annual dynamics of production in South America in kind, 2017-2020, K t

In value, 2017-2020, M $ US

South America's production value of concentrated not sweetened milk and cream rose for the third consecutive year. In 2020, output was valued at 859.6 million US dollars, representing an 11.7% increase from 2019. Over the period from 2017 to 2020, production value grew by 31.1%, equivalent to an annualized rate of 9.4%.

Annual dynamics of production in South America in value, 2017-2020, M $ US

Exports concentrated not sweetened milk and cream from South America

Exports in kind, t

South America's export volume of concentrated not sweetened milk and cream fell for the second year in a row. In 2018, exports peaked at 82 193 tonnes, with a 5.2% increase from the previous year. However, in 2019, exports dropped sharply by 29.1%, and in 2020, they declined further to 46 704 tonnes, down 19.8% from 2019. Overall, from 2017 to 2020, exports decreased by 40.2%, with a compound annual growth rate of -15.8%.

Annual dynamics of product's exports from South America in kind, 2017-2020, t

From 2017 to 2020, Haiti, the United States, and Gambia were the primary destinations for South America's exports of concentrated not sweetened milk and cream in volume terms. Haiti accounted for 51.6% of exports, the United States for 8.5%, and Gambia for 3.8%, together making up 63.9% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from South America in kind, 2017-2020

Exports in value, M $ US

The value of South America's exports of concentrated not sweetened milk and cream declined for the second consecutive year. In 2018, export value reached its highest point at 105.2 million US dollars, with a 10.7% increase from the previous year. In 2019, it fell sharply by 22.7%, and in 2020, exports totaled 73.0 million US dollars, down 10.3% year-over-year. Over the 2017-2020 period, export value decreased by 23.2%, equivalent to an annualized rate of -8.4%.

Annual dynamics of product's exports from South America in value, 2017-2020, M $ US

From 2017 to 2020, Haiti, the United States, and Libya were the main destinations for South America's exports of concentrated not sweetened milk and cream in value terms. Haiti represented 44.6% of exports, the United States 8.8%, and Libya 3.8%, collectively accounting for 57.2% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from South America in value, 2017-2020

Imports concentrated not sweetened milk and cream to South America

Imports in kind, t

South America's import volume of concentrated not sweetened milk and cream showed significant volatility. In 2018, imports hit their lowest point at 1 850 tonnes, marking a 52.5% decline from the previous year. In 2019, imports surged by 228.9%, and in 2020, they reached approximately 11 134 tonnes, up 83.0% from 2019. The peak in 2020 was six times higher than the trough in 2018, reflecting a highly fluctuating market.

Annual dynamics of product's imports to South America in kind, 2017-2020, t

From 2017 to 2020, Germany, the Netherlands, and Mexico were the largest sources of South America's imports of concentrated not sweetened milk and cream in volume terms. Germany contributed 15.7% of imports, the Netherlands 4.0%, and Mexico 2.3%, together comprising 22.0% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to South America in kind, 2017-2020

Imports in value, M $ US

South America's import value of concentrated not sweetened milk and cream rose sharply in 2020, amounting to 23.3 million US dollars, a 62.2% increase from the previous year. In 2019, import value had declined by 10.8%. Over the period from 2017 to 2020, imports increased by 81.2%, equivalent to an annualized rate of 21.9%.

Annual dynamics of product's imports to South America in value, 2017-2020, M $ US

Throughout 2017 to 2020, Germany, the Netherlands, and Mexico were the key partners for South America's imports of concentrated not sweetened milk and cream in value terms. Germany accounted for 16.5% of imports, the Netherlands for 3.9%, and Mexico for 2.5%, jointly representing 23.0% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to South America in value, 2017-2020