Costa Rica - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Costa Rica - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

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Price for Powdered, Evaporated and Condensed Milk in Costa Rica - 2022

Contents:

  1. Price for Powdered, Evaporated and Condensed Milk in Costa Rica (FOB) - 2022
  2. Price for Powdered, Evaporated and Condensed Milk in Costa Rica (CIF) - 2022
  3. Exports of Powdered, Evaporated and Condensed Milk in Costa Rica
  4. Imports of Powdered, Evaporated and Condensed Milk in Costa Rica

Price for Powdered, Evaporated and Condensed Milk in Costa Rica (FOB) - 2022

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $4,932 per ton, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2020 an increase of 14%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($5,827 per ton), while the average price for exports to Colombia ($2,031 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Powdered, Evaporated and Condensed Milk in Costa Rica (CIF) - 2022

In 2022, the average import price for powdered, evaporated and condensed milk amounted to $2,475 per ton, rising by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($8,131 per ton), while the price for Mexico ($1,863 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Powdered, Evaporated and Condensed Milk in Costa Rica

For the third consecutive year, Costa Rica recorded decline in shipments abroad of powdered, evaporated and condensed milk, which decreased by -38.3% to 6K tons in 2022. Overall, exports faced a sharp contraction. The smallest decline of -5% was in 2021.

In value terms, powdered, evaporated and condensed milk exports declined significantly to $30M in 2022. Over the period under review, exports faced a abrupt decrease. The smallest decline of -3% was in 2020.

Export of Powdered, Evaporated and Condensed Milk in Costa Rica (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Guatemala21.522.120.49.5-23.8%
El Salvador6.79.46.38.06.1%
Nicaragua5.75.44.45.5-1.2%
Honduras6.64.64.64.9-9.5%
Colombia0.50.50.70.817.0%
Dominican Republic6.65.05.40.6-55.0%
Panama2.81.6N/AN/A-42.9%
Others0.10.20.30.226.0%
Total50.549.042.329.5-16.4%

Top Export Markets for Powdered, Evaporated and Condensed Milk from Costa Rica in 2022:

  1. Guatemala (2025.1 tons)
  2. El Salvador (1365.7 tons)
  3. Nicaragua (1086.2 tons)
  4. Honduras (953.3 tons)
  5. Colombia (372.1 tons)
  6. Dominican Republic (128.8 tons)

Imports of Powdered, Evaporated and Condensed Milk in Costa Rica

In 2022, purchases abroad of powdered, evaporated and condensed milk decreased by -11.2% to 7.5K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 19%. As a result, imports reached the peak of 8.9K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk imports rose rapidly to $18M in 2022. The total import value increased at an average annual rate of +13.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Powdered, Evaporated and Condensed Milk in Costa Rica (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile7.06.47.17.20.9%
Mexico0.40.61.83.3102.1%
Netherlands0.80.91.62.851.8%
Germany0.30.10.21.778.3%
United States0.50.71.01.647.4%
Argentina0.40.80.91.140.1%
El SalvadorN/A0.51.20.3-22.5%
Panama2.34.62.3N/A0.0%
Others0.91.10.60.4-23.7%
Total12.615.716.718.513.7%

Top Suppliers of Powdered, Evaporated and Condensed Milk to Costa Rica in 2022:

  1. Chile (3423.6 tons)
  2. Mexico (1793.0 tons)
  3. Netherlands (1231.2 tons)
  4. United States (362.7 tons)
  5. Germany (213.6 tons)
  6. Argentina (187.3 tons)
  7. El Salvador (132.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 897 - Dry Whole Cow Milk
  • FCL 898 - Dry Skim Cow Milk
  • FCL 889 - Whole Milk, Condensed
  • FCL 894 - Whole Milk, Evaporated
  • FCL 895 - Skim Milk, Evaporated
  • FCL 896 - Skim Milk, Condensed

Country coverage:

  • Costa Rica

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Costa Rica
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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