Cote d'Ivoire: Dairy Produce Market 2024

Dairy Produce Market Size in Cote d'Ivoire

In 2022, after seven years of growth, there was significant decline in the Cote d'Ivoire's dairy produce market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Dairy Produce Production in Cote d'Ivoire

In value terms, dairy produce production stood at $X in 2022 estimated in export price. In general, production, however, showed a pronounced curtailment. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Dairy produce production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Dairy Produce Exports

Exports from Cote d'Ivoire

In 2022, exports of dairy produce from Cote d'Ivoire skyrocketed to X tons, surging by X% against 2021. Over the period under review, exports saw a notable expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy produce exports surged to $X in 2022. In general, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Mali (X tons), Burkina Faso (X tons) and Niger (X tons) were the main destinations of dairy produce exports from Cote d'Ivoire, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X) emerged as the key foreign market for dairy produce exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports. It was followed by Cameroon, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Cameroon (X% per year).

Export Prices by Country

In 2022, the average dairy produce export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price 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, dairy produce export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Produce Imports

Imports into Cote d'Ivoire

In 2022, purchases abroad of dairy produce decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then plummeted in the following year.

In value terms, dairy produce imports dropped to $X in 2022. Over the period under review, total imports indicated a mild 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 increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

France (X tons), the Netherlands (X tons) and New Zealand (X tons) were the main suppliers of dairy produce imports to Cote d'Ivoire, together comprising X% of total imports. Ghana, Ireland, Belgium, Argentina and Malaysia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest dairy produce suppliers to Cote d'Ivoire were France ($X), the Netherlands ($X) and New Zealand ($X), together comprising X% of total imports. Ireland, Argentina, Ghana, Belgium and Malaysia lagged somewhat behind, together comprising a further X%.

Ghana, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 dairy produce import price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform