Africa: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Africa

The African market for powdered, evaporated and condensed milk stood at $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Powdered, Evaporated And Condensed Milk in Africa

In value terms, powdered, evaporated and condensed milk production stood at $X in 2022 estimated in export price. Overall, production, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports in Africa

In 2022, the amount of powdered, evaporated and condensed milk exported in Africa expanded remarkably to X tons, with an increase of X% on the previous year. In general, exports, however, recorded a mild setback. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, powdered, evaporated and condensed milk exports rose sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a slight reduction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa (X tons) and Togo (X tons) dominates exports structure, together creating X% of total exports. Uganda (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%). Zambia (X tons) and Egypt (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Zambia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest powdered, evaporated and condensed milk supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Uganda ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Uganda (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Imports of Powdered, Evaporated And Condensed Milk

Imports in Africa

In 2022, supplies from abroad of powdered, evaporated and condensed milk decreased by X% to X tons, falling for the second consecutive year after four years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, powdered, evaporated and condensed milk imports expanded to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Algeria was the key importing country with an import of around X tons, which finished at X% of total imports. Libya (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Egypt (X%) and Nigeria (X%). Somalia (X tons), Ghana (X tons), Sudan (X tons), Mauritania (X tons), Togo (X tons), Morocco (X tons), Angola (X tons), Gambia (X tons) and Cameroon (X tons) followed a long way behind the leaders.

Imports into Algeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%), Togo (X%), Somalia (X%), Ghana (X%) and Gambia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Libya, Cameroon, Mauritania and Sudan experienced a relatively flat trend pattern. By contrast, Egypt (X%), Angola (X%) and Nigeria (X%) illustrated a downward trend over the same period. Algeria (X p.p.), Somalia (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total imports, while Egypt and Nigeria saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X) constitutes the largest market for imported powdered, evaporated and condensed milk in Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with an X% share of total imports. It was followed by Egypt, with an X% share.

In Algeria, powdered, evaporated and condensed milk imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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