Cote d'Ivoire: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Cote d'Ivoire

The Cote d'Ivoire's market for condensed or evaporated milk (sweetened) dropped dramatically to $X in 2022, with a decrease of -26.8% against the previous year. Over the period under review, consumption, however, enjoyed a strong expansion. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Production of Condensed Or Evaporated Milk (Sweetened) in Cote d'Ivoire

In value terms, sweetened condensed and evaporated milk production amounted to $X in 2022 estimated in export price. In general, production saw a sharp decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by 969,921,600% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Cote d'Ivoire

In 2022, approx. X tons of condensed or evaporated milk (sweetened) were exported from Cote d'Ivoire; jumping by 292% compared with 2021. In general, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 636%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 536%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X tons) was the main destination for sweetened condensed and evaporated milk exports from Cote d'Ivoire, accounting for a 83% share of total exports. Moreover, sweetened condensed and evaporated milk exports to Ghana exceeded the volume sent to the second major destination, Burkina Faso (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ghana amounted to -3.5%.

In value terms, Ghana ($X) remains the key foreign market for condensed or evaporated milk (sweetened) exports from Cote d'Ivoire, comprising 91% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 7.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ghana amounted to -4.3%.

Export Prices by Country

The average export price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, reducing by -2.8% against the previous year. Overall, the export price showed a slight decrease. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Burkina Faso amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (-0.8%).

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Cote d'Ivoire

In 2022, approx. X tons of condensed or evaporated milk (sweetened) were imported into Cote d'Ivoire; shrinking by -26.9% against 2021. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 196%. Imports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, sweetened condensed and evaporated milk imports fell significantly to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 208%. Imports peaked at $X in 2021, and then declined dramatically in the following year.

Imports by Country

In 2022, Togo (X tons) constituted the largest sweetened condensed and evaporated milk supplier to Cote d'Ivoire, accounting for a 86% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Togo exceeded the figures recorded by the second-largest supplier, Ghana (X tons), more than tenfold. The third position in this ranking was taken by Malaysia (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Togo stood at +38.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (+15.5% per year) and Malaysia (+15.9% per year).

In value terms, Togo ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to Cote d'Ivoire, comprising 68% of total imports. The second position in the ranking was held by Ghana ($X), with a 15% share of total imports. It was followed by Malaysia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Togo totaled +40.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (+20.2% per year) and Malaysia (+16.0% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, with an increase of 3.5% against the previous year. In general, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of 4% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while the price for Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform