MERCOSUR: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in MERCOSUR

The MERCOSUR buttermilk and buttermilk powder market dropped to $X in 2023, flattening at the previous year. Overall, consumption continues to indicate a pronounced decrease. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Buttermilk And Buttermilk Powder in MERCOSUR

In value terms, buttermilk and buttermilk powder production declined modestly to $X in 2023 estimated in export price. Overall, production recorded a noticeable decrease. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports in MERCOSUR

In 2023, after two years of growth, there was significant decline in overseas shipments of buttermilk and buttermilk powder, when their volume decreased by X% to X tons. Over the period under review, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, buttermilk and buttermilk powder exports rose notably to $X in 2023. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay represented the major exporting country with an export of about X tons, which finished at X% of total exports. Argentina (X tons) took the second position in the ranking, followed by Colombia (X tons) and Brazil (X tons). All these countries together held approx. X% share of total exports. Peru (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to buttermilk and buttermilk powder exports from Uruguay stood at X%. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. Argentina experienced a relatively flat trend pattern. By contrast, Brazil (X%) and Peru (X%) illustrated a downward trend over the same period. Uruguay (X p.p.), Colombia (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil and Peru saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Uruguay ($X) remains the largest buttermilk and buttermilk powder supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

In Uruguay, buttermilk and buttermilk powder exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, buttermilk and buttermilk powder export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Buttermilk And Buttermilk Powder

Imports in MERCOSUR

After two years of growth, supplies from abroad of buttermilk and buttermilk powder decreased by X% to X tons in 2023. In general, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, buttermilk and buttermilk powder imports expanded modestly to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Peru (X tons) and Brazil (X tons) prevails in imports structure, together committing X% of total imports. It was distantly followed by Uruguay (X tons), comprising a X% share of total imports. Suriname (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest buttermilk and buttermilk powder importing markets in MERCOSUR were Brazil ($X), Peru ($X) and Uruguay ($X), with a combined X% share of total imports.

In terms of the main importing countries, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Import price indicated a pronounced increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, buttermilk and buttermilk powder import price increased by X% against 2016 indices. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Suriname ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform