Africa: Lactose Market 2024

Lactose Market Size in Africa

The African lactose market amounted to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +2.3% 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 stood at a somewhat lower figure.

Lactose Production in Africa

In value terms, lactose production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Lactose Exports

Exports in Africa

In 2022, overseas shipments of lactose and lactose syrup increased by 12% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 54% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, lactose exports fell to $X in 2022. In general, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 41%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa represented the key exporting country with an export of around X tons, which accounted for 65% of total exports. Swaziland (X tons) took the second position in the ranking, distantly followed by Egypt (X tons). All these countries together took approx. 23% share of total exports. The following exporters - Angola (X tons) and Cote d'Ivoire (X tons) - together made up 7.3% of total exports.

From 2012 to 2022, average annual rates of growth with regard to lactose exports from South Africa stood at -11.3%. At the same time, Angola (+247.7%), Cote d'Ivoire (+45.0%), Swaziland (+29.2%) and Egypt (+1.3%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in Africa, with a CAGR of +247.7% from 2012-2022. While the share of Swaziland (+17 p.p.), Angola (+4.1 p.p.), Egypt (+3.6 p.p.) and Cote d'Ivoire (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-26.3 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest lactose supplier in Africa, comprising 54% of total exports. The second position in the ranking was held by Swaziland ($X), with a 22% share of total exports. It was followed by Egypt, with a 6.5% share.

In South Africa, lactose exports declined by an average annual rate of -9.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Swaziland (+26.9% per year) and Egypt (+1.8% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, which is down by -21.3% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lactose export price decreased by -28.3% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 49%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a 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 Swaziland ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+8.5%), while the other leaders experienced more modest paces of growth.

Lactose Imports

Imports in Africa

In 2022, the amount of lactose and lactose syrup imported in Africa rose slightly to X tons, increasing by 2.6% compared with 2021. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 -9.2% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 39%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, lactose imports rose slightly to $X in 2022. The total import value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 29%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa prevails in imports structure, amounting to X tons, which was approx. 63% of total imports in 2022. Egypt (X tons) ranks second in terms of the total imports with a 9.3% share, followed by Algeria (7%). Nigeria (X tons), Tunisia (X tons), Ghana (X tons), Morocco (X tons) and Lesotho (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lactose imports into South Africa stood at +7.6%. At the same time, Morocco (+17.0%), Ghana (+13.4%), Tunisia (+11.9%), Algeria (+9.7%) and Egypt (+1.1%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of +17.0% from 2012-2022. By contrast, Nigeria (-5.0%) and Lesotho (-6.9%) illustrated a downward trend over the same period. While the share of South Africa (+17 p.p.), Algeria (+2.8 p.p.), Morocco (+2.2 p.p.), Ghana (+1.9 p.p.) and Tunisia (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (-3.4 p.p.), Lesotho (-3.7 p.p.) and Nigeria (-6.8 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported lactose and lactose syrup in Africa, comprising 49% of total imports. The second position in the ranking was held by Algeria ($X), with a 12% share of total imports. It was followed by Egypt, with an 11% share.

In South Africa, lactose imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (+8.5% per year) and Egypt (+0.6% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, picking up by 1.8% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Algeria ($X per ton), while Lesotho ($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 (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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