Africa: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Africa

The African market for condensed or evaporated milk (unsweetened) skyrocketed to $X in 2021, surging by 21% against the previous year. Overall, consumption, however, recorded a perceptible reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Condensed Or Evaporated Milk (Unsweetened) in Africa

In value terms, unsweetened condensed and evaporated milk production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 12%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports in Africa

In 2021, overseas shipments of condensed or evaporated milk (unsweetened) decreased by -25.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2019 when exports increased by 32% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk exports shrank remarkably to $X in 2021. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 36% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, reaching X tons, which was near 90% of total exports in 2021. It was distantly followed by Ghana (X tons), making up a 7.6% share of total exports.

Exports from South Africa decreased at an average annual rate of -3.0% from 2012 to 2021. At the same time, Ghana (+6.1%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Africa, with a CAGR of +6.1% from 2012-2021. From 2012 to 2021, the share of Ghana increased by +4.2 percentage points.

In value terms, South Africa ($X) and Ghana ($X) appeared to be the countries with the highest levels of exports in 2021.

Ghana, with a CAGR of +6.3%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, with a decrease of -11.6% against the previous year. Over the period under review, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2018 when the export price increased by 28%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while South Africa stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+0.2%).

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports in Africa

In 2021, purchases abroad of condensed or evaporated milk (unsweetened) was finally on the rise to reach X tons after three years of decline. In general, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by 44% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk imports skyrocketed to $X in 2021. Overall, imports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 39%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Libya represented the major importing country with an import of around X tons, which resulted at 41% of total imports. Ghana (X tons) took the second position in the ranking, followed by Mauritania (X tons) and Gambia (X tons). All these countries together took approx. 23% share of total imports. Cote d'Ivoire (X tons), Somalia (X tons), Benin (X tons), Togo (X tons), Burkina Faso (X tons), Senegal (X tons), Djibouti (X tons), Sierra Leone (X tons) and Guinea (X tons) held a little share of total imports.

Imports into Libya decreased at an average annual rate of -5.6% from 2012 to 2021. At the same time, Guinea (+28.9%), Burkina Faso (+20.9%), Sierra Leone (+15.4%), Ghana (+12.3%), Mauritania (+4.5%) and Somalia (+3.4%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Africa, with a CAGR of +28.9% from 2012-2021. Gambia and Senegal experienced a relatively flat trend pattern. By contrast, Togo (-1.1%), Benin (-2.0%), Cote d'Ivoire (-7.4%) and Djibouti (-9.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ghana, Mauritania, Burkina Faso, Gambia, Guinea, Sierra Leone and Somalia increased by +8, +5.3, +2.5, +2.2, +2, +2 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Libya ($X) constitutes the largest market for imported condensed or evaporated milk (unsweetened) in Africa, comprising 41% of total imports. The second position in the ranking was taken by Ghana ($X), with a 9% share of total imports. It was followed by Mauritania, with a 6.6% share.

In Libya, unsweetened condensed and evaporated milk imports plunged by an average annual rate of -5.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+12.8% per year) and Mauritania (+2.2% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, increasing by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Burkina Faso ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Somalia (+17.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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