Africa: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Africa

The African market for powdered, condensed or evaporated milk expanded modestly to $X in 2022, picking up by X% against the previous year. The market value 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. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Powdered, Condensed Or Evaporated Milk in Africa

In value terms, powdered, condensed or evaporated milk production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were South Africa (X tons), Togo (X tons) and Zimbabwe (X tons), with a combined X% share of total production. Uganda, Rwanda, Kenya and Tunisia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Tunisia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Exports of Powdered, Condensed Or Evaporated Milk

Exports in Africa

After two years of decline, shipments abroad of powdered, condensed or evaporated milk increased by X% to X tons in 2022. Overall, exports, however, showed a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk exports totaled $X in 2022. In general, exports, however, showed a noticeable descent. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. 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) prevails in exports structure, together creating X% of total exports. Uganda (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%). The following exporters - Nigeria (X tons), Senegal (X tons) and Egypt (X tons) - each resulted at a X% 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 Uganda (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, dropping by X% against the previous year. Overall, the export price continues to indicate a mild curtailment. The pace of growth appeared 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 failed to regain momentum.

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 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, Condensed Or Evaporated Milk

Imports in Africa

In 2022, approx. X tons of powdered, condensed or evaporated milk were imported in Africa; approximately equating the previous year. The total import volume 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 pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk imports rose slightly to $X in 2022. Total imports indicated a tangible expansion 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 growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Algeria represented the main importing country with an import of about 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 Nigeria (X%) and Egypt (X%). The following importers - Somalia (X tons), Ghana (X tons), Burkina Faso (X tons), Sudan (X tons), Cote d'Ivoire (X tons), Togo (X tons), Morocco (X tons), Cameroon (X tons) and Mauritania (X tons) - together made up X% of total imports.

Imports into Algeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%), Burkina Faso (X%), Togo (X%), Somalia (X%), Ghana (X%), Cote d'Ivoire (X%) and Cameroon (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 and Sudan experienced a relatively flat trend pattern. By contrast, Egypt (X%), Nigeria (X%) and Mauritania (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Algeria, Somalia and Burkina Faso increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Algeria stood at X%. 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, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 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

Frequently Asked Questions (FAQ) :