Africa: Dairy Spread Market 2024

Dairy Spread Market Size in Africa

In 2022, after three years of growth, there was decline in the African dairy spread market, when its value decreased by -4.9% to $X. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank slightly in the following year.

Dairy Spread Production in Africa

In value terms, dairy spread production declined modestly to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Dairy Spread Exports

Exports in Africa

In 2022, overseas shipments of dairy spreads increased by 34% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, saw a dramatic decrease. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, dairy spread exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt decrease. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa was the major exporting country with an export of around X tons, which recorded 51% of total exports. It was distantly followed by Egypt (X tons), Kenya (X tons) and Uganda (X tons), together committing a 46% share of total exports. Tunisia (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of +24.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Egypt ($X), South Africa ($X) and Kenya ($X) constituted the countries with the highest levels of exports in 2022, with a combined 89% share of total exports.

In terms of the main exporting countries, Kenya, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, flattening at the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy spread export price decreased by -5.6% against 2020 indices. The growth pace was the most rapid in 2013 when the export price increased by 58% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uganda ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+7.4%), while the other leaders experienced more modest paces of growth.

Dairy Spread Imports

Imports in Africa

In 2022, overseas purchases of dairy spreads decreased by -69.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 95% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, dairy spread imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 45%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Madagascar (X tons) and Namibia (X tons) were the key importers of dairy spreads in Africa, together amounting to approx. 64% of total imports. It was distantly followed by Morocco (X tons), achieving a 6.1% share of total imports. Libya (X tons), Egypt (X tons), Cote d'Ivoire (X tons), Botswana (X tons), Angola (X tons), Lesotho (X tons), Ghana (X tons) and Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +37.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X) constitutes the largest market for imported dairy spreads in Africa, comprising 39% of total imports. The second position in the ranking was taken by Namibia ($X), with a 17% share of total imports. It was followed by Morocco, with an 8.9% share.

In Madagascar, dairy spread imports increased at an average annual rate of +6.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Namibia (-11.6% per year) and Morocco (+4.2% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, jumping by 60% against the previous year. In general, the import price showed mild growth. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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