Ethiopia: Cheese And Curd Market 2024

Cheese And Curd Market Size in Ethiopia

The Ethiopian cheese and curd market expanded sharply to $X in 2022, rising by 7.6% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cheese And Curd Production in Ethiopia

In value terms, cheese and curd production surged to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 214% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Cheese And Curd Exports

Exports from Ethiopia

In 2022, after two years of growth, there was decline in shipments abroad of cheese and curd, when their volume decreased by -2.9% to X kg. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by 192% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cheese and curd exports fell sharply to $X in 2022. In general, exports continue to indicate a pronounced descent. The growth pace was the most rapid in 2020 when exports increased by 354% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Malawi (X kg) was the main destination for cheese and curd exports from Ethiopia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Malawi stood at +3.2%.

In value terms, Malawi ($X) emerged as the key foreign market for cheese and curd exports from Ethiopia.

From 2012 to 2022, the average annual growth rate of value to Malawi stood at +10.7%.

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, with a decrease of -19.6% against the previous year. In general, the export price, however, saw modest growth. The pace of growth appeared the most rapid in 2020 an increase of 212% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then shrank sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Malawi.

From 2012 to 2022, the rate of growth in terms of prices for Djibouti amounted to +11.4% per year.

Cheese And Curd Imports

Imports into Ethiopia

In 2022, overseas purchases of cheese and curd decreased by -5.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated measured growth from 2012 to 2022: its volume 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, imports decreased by -17.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 40%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cheese and curd imports declined to $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +36.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 49%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Saudi Arabia (X tons) and Austria (X tons) were the main suppliers of cheese and curd imports to Ethiopia, together accounting for 37% of total imports. Egypt, Italy, Turkey, France, Lebanon, Australia, Denmark, the UK, the United Arab Emirates and the Netherlands lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +59.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of cheese and curd to Ethiopia, comprising 20% of total imports. The second position in the ranking was held by Austria ($X), with a 7.7% share of total imports. It was followed by Italy, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+51.8% per year) and Italy (-2.3% per year).

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, which is down by -3.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Egypt ($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 UK (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform