Ethiopia: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Ethiopia

The Ethiopian market for powdered, evaporated and condensed milk soared to $X in 2022, with an increase of X% against the previous year. In general, consumption saw buoyant growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Production of Powdered, Evaporated And Condensed Milk in Ethiopia

In value terms, powdered, evaporated and condensed milk production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Powdered, evaporated and condensed milk production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Ethiopia

After two years of decline, shipments abroad of powdered, evaporated and condensed milk increased by X% to X tons in 2022. Over the period under review, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk exports skyrocketed to $X in 2022. Overall, exports, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Somalia (X tons) was the main destination for powdered, evaporated and condensed milk exports from Ethiopia, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Somalia stood at X%.

In value terms, Somalia ($X) also remains the key foreign market for powdered, evaporated and condensed milk exports from Ethiopia.

From 2012 to 2022, the average annual growth rate of value to Somalia stood at X%.

Export Prices by Country

The average export price for powdered, evaporated and condensed milk stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated a pronounced increase 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 export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Somalia amounted to X% per year.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Ethiopia

Powdered, evaporated and condensed milk imports into Ethiopia surged to X tons in 2022, picking up by X% compared with 2021. Over the period under review, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, powdered, evaporated and condensed milk imports expanded rapidly to $X in 2022. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and New Zealand (X tons) were the main suppliers of powdered, evaporated and condensed milk imports to Ethiopia, with a combined X% share of total imports. Germany, Saudi Arabia, Uganda, Belgium, Curacao, France, Egypt, India, Switzerland and the UK 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 Curacao (with a CAGR of X.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered, evaporated and condensed milk suppliers to Ethiopia were the Netherlands ($X), Denmark ($X) and Germany ($X), together accounting for X% of total imports. New Zealand, Uganda, Belgium, France, Curacao, Saudi Arabia, India, Egypt, Switzerland and the UK lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Curacao, with a CAGR of X.6%, recorded the highest growth rate of 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, declining by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 Curacao (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform