Concentrated sweetened milk and cream market in Mexico

Earlier Report Observations

The market volume for concentrated sweetened milk and cream in Mexico grew from 53 741 т in 2018 to 63 008 т in 2023, despite a temporary dip in 2020. This expansion was primarily driven by a shift in consumer preferences away from fluid milk towards dairy derivatives like cream and cheese, which increased demand for concentrated products. Government anti-inflation decrees that allowed duty-free imports of dairy items helped stabilize prices, while the appreciation of the Mexican peso reduced input costs for domestic producers.

Production capacity was boosted by significant investments, such as the 500 million peso plant opened by MIYM in Aguascalientes for milk processing and packaging. The market remains highly concentrated, with Lala as the dominant player, enabling coordinated responses to consumer trends. At the same time, evolving health-conscious preferences led to innovations in reduced-sugar and reduced-fat formulations within the category.

Over the period, export demand remained stable, and internal consumption was supported by continued policy measures aimed at strengthening the dairy supply chain. These factors collectively supported the steady growth in market volume observed through 2023.

Production concentrated sweetened milk and cream in Mexico

In kind, 2018-2021, t

From 2018 to 2021, Mexico maintained the 8th position globally in terms of production volume for concentrated sweetened milk and cream.

Top producers of concentrated sweetened milk and cream, 2018-2021

World map of production of concentrated sweetened milk and cream, 2018-2021

Mexico's production of concentrated sweetened milk and cream increased for the third consecutive year. In 2021, the country produced 66 822 tonnes, marking a 5.3% rise compared to 2020. Over the 2018-2021 period, production grew by 10.1%, with an average annual growth rate of 3.3%.

Annual dynamics of production in Mexico in kind, 2018-2021, t

In value, 2018-2021, M $ US

Mexico's production value of concentrated sweetened milk and cream rose for the second consecutive year. In 2021, output was valued at 155.4 million US dollars, a 33.5% increase from the previous year. Between 2018 and 2021, production value increased by 22.2%, equivalent to an annualized rate of 6.9%. The lowest value was recorded in 2019 at 113.4 million US dollars, which also saw the largest decline of 10.8%.

Annual dynamics of production in Mexico in value, 2018-2021, M $ US

Exports concentrated sweetened milk and cream from Mexico

Exports in kind, t

The market experienced noticeable fluctuations during this period. Mexico exported 7 440 tonnes of concentrated sweetened milk and cream in 2021, a 46.0% decrease from 2020. The lowest export volume was in 2019 at 6 946 tonnes, while the highest was in 2020 at 13 772 tonnes, representing a 98.3% increase from the previous year. Import levels varied significantly, with a two-fold difference between the low in 2019 and the peak in 2020.

Annual dynamics of product's exports from Mexico in kind, 2018-2021, t

Between 2018 and 2021, the United States was the dominant buyer of concentrated sweetened milk and cream from Mexico, accounting for 87.0% of total exports by volume, with other countries making up the remainder.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Mexico in kind, 2018-2021

Exports in value, K $ US

The market displayed volatility over the observed period. Mexico's exports of concentrated sweetened milk and cream were valued at 17.306 million US dollars in 2021, down 31.5% from 2020. The minimum value was recorded in 2019 at 12.522 million US dollars, while the maximum was in 2020 at 25.257 million US dollars, a 101.7% increase from the previous year. Export values showed a two-fold amplitude between the low in 2019 and the high in 2020.

Annual dynamics of product's exports from Mexico in value, 2018-2021, K $ US

From 2018 to 2021, the United States accounted for 89.0% of the total export value of concentrated sweetened milk and cream from Mexico, with the remaining flows distributed among various smaller partners.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Mexico in value, 2018-2021

Imports concentrated sweetened milk and cream to Mexico

Imports in kind, t

Mexico's imports of concentrated sweetened milk and cream declined for the third consecutive year. In 2021, imports amounted to 121 tonnes, a sharp 87.5% drop from 2020. Over the 2018-2021 period, imports decreased by 91%, with an average annual decline rate of 55.2%.

Annual dynamics of product's imports to Mexico in kind, 2018-2021, t

Between 2018 and 2021, the United States was overwhelmingly the main source for Mexico's imports of concentrated sweetened milk and cream by volume, representing 100.0% of total flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Mexico in kind, 2018-2021

Imports in value, K $ US

Mexico's imports of concentrated sweetened milk and cream in value terms fell for the third consecutive year. In 2021, imports totaled 633 000 US dollars, a 68.1% decrease compared to 2020. Between 2018 and 2021, imports declined by 77.5%, equating to an annualized rate of 39.1%.

Annual dynamics of product's imports to Mexico in value, 2018-2021, K $ US

Throughout 2018-2021, the United States was the key partner for Mexico's imports of concentrated sweetened milk and cream in value terms, accounting for 100.0% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Mexico in value, 2018-2021