Concentrated or sweetened milk and cream market in Colombia

Earlier Report Observations

The market volume for concentrated or sweetened milk and cream in Colombia showed substantial growth from 115 045 tons in 2018 to a peak of 150 621 tons in 2022, though this expansion was not linear. A notable contraction occurred in 2021, when the market size fell to 134 147 tons, before partially recovering in the following years.

This volatility was primarily influenced by swings in import volumes, which more than doubled from 28 481 tons in 2018 to over 55 000 tons in 2020. Domestic production increased more steadily from 90 125 tons to 98 357 tons over the same period, but its contribution to total supply was often offset by the larger fluctuations in imports.

In 2024, available trade data points to a significant change, with imports falling to 38 729 tons and exports rising sharply to 9 034 tons, indicating a shift in the structure of external trade flows for the product.

Production concentrated or sweetened milk and cream in Colombia

In kind, 2017-2020, t

Top producers of concentrated or sweetened milk and cream, 2017-2020

World map of production of concentrated or sweetened milk and cream, 2017-2020

Colombia's production of concentrated or sweetened milk and cream has grown for the third year in a row. In 2020, the country produced 93 725 tonnes, marking a 3.6% increase from the previous year. Over the 2017-2020 period, production rose by 7.1%, with an average annual growth rate of 2.3%.

Annual dynamics of production in Colombia in kind, 2017-2020, t

In value, 2017-2020, M $ US

Colombia's production value of concentrated or sweetened milk and cream has declined for the third consecutive year. In 2020, output was valued at 254.9 million US dollars, showing little change from 2019. From 2017 to 2020, production value fell by 18.6%, which translates to an annualized decrease of 6.6%.

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

Exports concentrated or sweetened milk and cream from Colombia

Exports in kind, t

Export volumes showed significant volatility during this period. The lowest point was in 2019 at 720 tonnes, while the peak occurred in 2017, with a 5.8-fold difference between these years. In 2020, Colombia exported 1 773 tonnes of concentrated or sweetened milk and cream, a sharp increase of 146.1% from the previous year. The largest decline was recorded in 2019 at 79.8%.

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

From 2017 to 2020, Russia, Venezuela, and Ecuador remained the top buyers of Colombia's concentrated or sweetened milk and cream by volume. Russia accounted for 39.9% of exports, Venezuela for 17.7%, and Ecuador for 15.8%. Together, these three countries represented 73.4% of total export volumes.

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

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

Exports in value, M $ US

Export values exhibited considerable volatility over these years. The lowest value was in 2019 at 2.0 million US dollars, while the peak was in 2017, with a 7.3-fold gap between these years. In 2020, Colombia exported 4.8 million US dollars worth of concentrated or sweetened milk and cream, a substantial gain of 137.2% compared to 2019. The largest decline occurred in 2019 at 82.2%.

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

During the 2017-2020 period, Russia, Ecuador, and Venezuela were the leading destinations for Colombia's concentrated or sweetened milk and cream exports by value. Russia held 34.2% of export value, Ecuador 20.7%, and Venezuela 18.3%. Collectively, these three markets accounted for 73.2% of total export value.

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

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

Imports concentrated or sweetened milk and cream to Colombia

Imports in kind, t

Colombia's imports of concentrated or sweetened milk and cream have increased for the third consecutive year. In 2020, imports reached 55 240 tonnes, a significant jump of 29.8% from the previous year. Over the 2017-2020 period, imports grew by 107.7%, with an average annual growth rate of 27.6%.

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

From 2017 to 2020, the United States, Mexico, and Bolivia were the main suppliers of concentrated or sweetened milk and cream to Colombia by volume. The United States accounted for 53.4% of imports, Mexico for 12.0%, and Bolivia for 11.1%. Together, these three countries made up 76.5% of total import volumes.

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

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

Imports in value, M $ US

Colombia's import value of concentrated or sweetened milk and cream has risen for the second year in a row. In 2020, imports were valued at 158.2 million US dollars, a sharp increase of 41.3% year-over-year. Over the 2017-2020 period, import value increased by 124.3%, with an average annual growth rate of 30.9%. The lowest value was recorded in 2018 at 67.6 million US dollars, with the largest decline that year at 4.1%. The largest increase occurred in 2019 at 65.5%.

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

Throughout 2017-2020, the United States, Mexico, and Bolivia were the key suppliers of concentrated or sweetened milk and cream to Colombia by value. The United States represented 49.5% of import value, Mexico 15.1%, and Bolivia 13.1%. Combined, these three countries accounted for 77.8% of total import value.

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

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