Cameroon: Powdered Milk Market 2024

Powdered Milk Market Size in Cameroon

The Cameroonian powdered milk market amounted to $X in 2022, growing by 8.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.8% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Powdered Milk Exports

Exports from Cameroon

In 2022, the amount of powdered milk exported from Cameroon declined to X tons, dropping by -1.9% on the previous year's figure. Overall, exports showed a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 1,378% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, powdered milk exports shrank modestly to $X in 2022. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 1,364%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Gabon (X tons) was the main destination for powdered milk exports from Cameroon, accounting for a 57% share of total exports. Moreover, powdered milk exports to Gabon exceeded the volume sent to the second major destination, Central African Republic (X tons), threefold. Equatorial Guinea (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Gabon totaled -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (-10.4% per year) and Equatorial Guinea (-7.1% per year).

In value terms, Gabon ($X) remains the key foreign market for powdered milk exports from Cameroon, comprising 58% of total exports. The second position in the ranking was held by Central African Republic ($X), with a 19% share of total exports. It was followed by Equatorial Guinea, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Gabon amounted to -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (-10.2% per year) and Equatorial Guinea (-8.0% per year).

Export Prices by Country

The average powdered milk export price stood at $X per ton in 2022, with a decrease of -1.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Equatorial Guinea ($X per ton) and Gabon ($X per ton), while the average price for exports to Chad ($X per ton) and Central African Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Powdered Milk Imports

Imports into Cameroon

In 2022, approx. X tons of powdered milk were imported into Cameroon; surging by 13% compared with the previous year's figure. Overall, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 -10.3% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 31%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, powdered milk imports rose notably to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 -5.7% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of 29%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), New Zealand (X tons) and Argentina (X tons) were the main suppliers of powdered milk imports to Cameroon, with a combined 57% share of total imports. Australia, Oman, Malaysia, India, Belgium, Paraguay, France, Germany, Singapore and the UK lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Paraguay (with a CAGR of +159.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered milk suppliers to Cameroon were the Netherlands ($X), New Zealand ($X) and Argentina ($X), together accounting for 68% of total imports. Oman, Malaysia, India, France, Paraguay, Belgium, the UK, Singapore, Australia and Germany lagged somewhat behind, together accounting for a further 27%.

Paraguay, with a CAGR of +181.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, shrinking by -5.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 14%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform