Milk market in Guyana

Earlier Report Observations

The milk market volume in Guyana fluctuated between 31 666 tonnes in 2018 and 38 642 tonnes in 2023. The absence of a dairy cooperative and lack of local processing structures limited production efficiency, while expected state support aimed to develop the local sector. Expanding local consumption and presence in supermarkets helped lift the market in 2020, but global dairy price inflation and food costs 39% above metropolitan France reduced purchasing power, contributing to a decline in 2022.

Global market conditions strongly influenced local trends. Sluggish world production and vigorous international demand in 2021 maintained pressure on supplies. The market rebounded sharply in 2023 as sustained local demand and maintained European quality standards supported volume, aided by a rebalancing of global prices after the inflationary peak of 2022.

Efforts to revive the local milk sector continued throughout the period, focusing on reducing import dependence. Development of artisanal fresh products under European norms provided a foundation, and by 2023, these elements combined to drive production higher and expand overall market volume.

Production milk in Guyana

In kind, 2018-2021, t

Top producers of milk, 2018-2021

World map of production of milk, 2018-2021

In 2021, Guyana produced 20 990 tons of milk, which remained nearly unchanged compared to 2020. Over the period from 2018 to 2021, production decreased by 6.2%, with a compound annual growth rate of 2.1%. The largest decline occurred in 2020, when production fell by 5.7%.

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

Exports milk from Guyana

Exports in kind, t

The market exhibited an unstable trend throughout the timeframe. The lowest point was recorded in 2020, while the peak occurred in 2021, showing a 55-fold amplitude between these years. In 2021, milk deliveries from Guyana amounted to 10 tons, marking a sharp uptick of 5 404.5% compared to the previous year. The minimum value was 0.2 tons in 2020, and the largest decline was recorded in 2019 at 63.3%.

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

From 2018 to 2021, the British Virgin Islands and Suriname remained the main buyers of milk from Guyana, together accounting for 90.1% of total exports in kind. The remainder was fragmented across other countries.

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

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

Exports in value, K $ US

The market showed signs of volatility over the observed period. Volumes hit a low in 2019 and peaked in 2021, with a top-to-bottom ratio of 31 times. In 2021, Guyana exported 21 thousand US dollars of milk, corresponding to a dramatic increase of 1 081.4% year-over-year. The minimum value was recorded in 2019 at 1 thousand US dollars, and the largest decline occurred in 2019 at 59.7%.

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

From 2018 to 2021, Saint Kitts and Nevis, Suriname, and the British Virgin Islands formed the main group of destinations for milk exports from Guyana in value terms. Saint Kitts and Nevis accounted for 39.7% of exports, Suriname for 26.2%, and the British Virgin Islands for 13.9%, together making up 79.8% of total flows.

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

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

Imports milk to Guyana

Imports in kind, t

The market showed signs of volatility over the observed period. The lowest volume was recorded in 2019, while the highest occurred in 2020, with a peak-to-trough ratio of 2.1 times. In 2021, milk imports into Guyana totaled 9 396 tons, marking a modest loss of 5.5% over the past year. The minimum value was 4 771 tons in 2019, and the maximum was 9 940 tons in 2020. The largest decline was recorded in 2019 at 48.6%, and the largest increase occurred in 2020 at 108.3%.

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

Throughout 2018 to 2021, New Zealand, Peru, and Germany remained the key sources for milk imports into Guyana in kind. New Zealand accounted for 38.6% of imports, Peru for 10.9%, and Germany for 8.8%, together taking 58.3% of total flows.

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

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

Imports in value, K $ US

Volatility characterized the market behavior during these years. The span from 2019 to 2021 exhibited a peak-to-trough amplitude of 2.7 times. In 2021, Guyana imported a total of 30 694 thousand US dollars of milk, amounting to a slight increase of 2.0% compared to the previous year. The minimum value was recorded in 2019 at 11 501 thousand US dollars. The largest decline occurred in 2019 at 58.4%, and the largest increase was recorded in 2020 at 161.6%.

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

Over 2018 to 2021, New Zealand, Panama, and Denmark made the biggest contribution to milk imports into Guyana in value terms. New Zealand accounted for 48.8% of imports, Panama for 9.5%, and Denmark for 7.9%, jointly accounting for 66.1% of total flows.

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

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