Cote d'Ivoire: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Cote d'Ivoire

In 2022, after three years of growth, there was significant decline in the Cote d'Ivoire's market for powdered, evaporated and condensed milk, when its value decreased by X% to $X. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Production of Powdered, Evaporated And Condensed Milk in Cote d'Ivoire

In value terms, powdered, evaporated and condensed milk production amounted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with a decrease of X% against the previous year. Powdered, evaporated and condensed milk production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Cote d'Ivoire

In 2022, overseas shipments of powdered, evaporated and condensed milk increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, exports, however, recorded a noticeable decrease. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk exports soared to $X in 2022. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X tons) was the main destination for powdered, evaporated and condensed milk exports from Cote d'Ivoire, accounting for a X% share of total exports. Moreover, powdered, evaporated and condensed milk exports to Burkina Faso exceeded the volume sent to the second major destination, Niger (X tons), twofold. Mali (X tons) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Niger ($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 Gabon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Cote d'Ivoire

Powdered, evaporated and condensed milk imports into Cote d'Ivoire contracted rapidly to X tons in 2022, reducing by X% compared with the previous year. In general, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell notably in the following year.

In value terms, powdered, evaporated and condensed milk imports fell dramatically to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

The Netherlands (X tons), France (X tons) and New Zealand (X tons) were the main suppliers of powdered, evaporated and condensed milk imports to Cote d'Ivoire, with a combined X% share of total imports. Ireland, Argentina, Malaysia and Oman lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest powdered, evaporated and condensed milk suppliers to Cote d'Ivoire were the Netherlands ($X), New Zealand ($X) and France ($X), together comprising X% of total imports. Ireland, Argentina, Oman and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for powdered, evaporated and condensed milk stood at $X per ton in 2022, surging by X% against the previous year. In general, import price indicated a measured 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, powdered, evaporated and condensed milk import price increased by X% against 2019 indices. As a result, import price reached 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 ($X per ton), while the price for Malaysia ($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