Market research

Milk and cream market in Argentina

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Following a period of stagnation in 2018-2019, the market volume for milk and cream in Argentina grew in 2020, reaching 12.3 million tons. This occurred against a backdrop of ongoing industrial concentration, global economic volatility influencing prices, and the implementation of updated sanitary regulations for dairy products in 2018, which included a ban on the sale of refrozen milk.

Market growth continued through 2021 and 2022, peaking at 13.0 million tons. This expansion was primarily fueled by a shift in consumer preferences, notably a significant 29.4% surge in sales of flavored or chocolate milk in 2022. The industry remained highly concentrated, with the four largest companies processing over 30% of the national milk intake.

In 2023, the market volume declined to 12.6 million tons. This contraction coincided with falling sales of higher-value-added dairy products, linked to rising prices and a loss of consumer purchasing power, despite reported improvements in primary milk production management and technology.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Argentina
  1. 5.1.1. Annual dynamics of production in Argentina in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Argentina in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production milk and cream in Argentina

In kind, 2017-2020, K t

From 2017 to 2020, Argentina ranked 15th globally in milk and cream production volume.

Top producers of milk and cream, 2017-2020

Source: SHEV.io

World map of production of milk and cream, 2017-2020

Source: SHEV.io

In 2020, Argentina produced 12 271 K t of milk and cream, marking a 7.3% increase from 2019. Over the 2017-2020 period, production grew by 8.6%, with a compound annual growth rate (CAGR) of 2.8%. The largest decline occurred in 2019, when production fell by 1.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.9%	(1.7%)	7.3%	2.8%

Source: SHEV.io

In value, 2017-2020, M $ US

Argentina's milk and cream production value declined for the second consecutive year. In 2020, output was valued at 5 836 M $ US, down 12.0% from 2019. Over the 2017-2020 period, production value decreased by 17.5%, with a CAGR of -6.2%. The highest value was recorded in 2018 at 7 479 M $ US, which represented a 5.7% increase from the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.7%	(11.3%)	(12.0%)	(6.2%)

Source: SHEV.io

Exports milk and cream from Argentina

Exports in kind, t

The market experienced notable fluctuations during this period. Exports reached their lowest point in 2018 at 415 t, with the largest decline of 73.2% that year. By 2020, exports had surged to 2 283 t, a 351.8% increase from 2019, resulting in a 5.5-fold difference between the peak in 2020 and the trough in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(73.2%)	21.8%	351.8%	13.8%

Source: SHEV.io

From 2017 to 2020, Uruguay and Paraguay were the leading destinations for Argentina's milk and cream exports in volume, together accounting for 81.7% of total flows. The remaining share was distributed among other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market displayed volatility over the observed period. Export values hit their lowest point in 2018 at 267 K $ US, with the largest decline of 72.5% that year. By 2020, values had risen to 1 086 K $ US, a 270.7% year-on-year increase, creating a 4.1-fold difference between the peak in 2020 and the trough in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(72.5%)	9.8%	270.7%	3.9%

Source: SHEV.io

Between 2017 and 2020, Paraguay and Uruguay dominated Argentina's milk and cream exports in value terms, while other markets individually played a smaller role.

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

Source: SHEV.io

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

Source: SHEV.io

Imports milk and cream to Argentina

Imports in kind, t

The data shows irregular changes, reflecting a volatile market environment. Imports were at their lowest in 2017, then surged to a peak of 2 888 t in 2018 with an extraordinary increase of 2 457 409.9%. By 2020, imports had dropped to 68 t, down 94.7% from 2019, resulting in a 24 575-fold difference between the 2018 high and the 2017 low.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	2 457 409.9%	(55.8%)	(94.7%)	733.0%

Source: SHEV.io

From 2017 to 2020, Uruguay was the primary source for Argentina's milk and cream imports in volume, accounting for 98.3% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Volatility characterized the market during these years. Import values were lowest in 2017, then jumped to a peak of 1 980 K $ US in 2018 with a massive increase of 94 667.9%. By 2020, values had fallen to 31 K $ US, a 96.1% decrease from 2019, leading to a 948-fold difference between the 2018 high and the 2017 low.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	94 667.9%	(59.9%)	(96.1%)	145.9%

Source: SHEV.io

In the 2017-2020 period, imports of milk and cream to Argentina in value terms were almost entirely concentrated in Uruguay, which held a 98.3% share.

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

Source: SHEV.io

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

Source: SHEV.io