Guinea: Skimmed Milk Market 2020

Skimmed Milk Market Size in Guinea

The revenue of the skimmed milk market in Guinea amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, skimmed milk consumption continues to indicate a temperate decline. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Over the period under review, the skimmed milk market reached its peak figure level at $X in 2012; however, from 2013 to 2018, consumption remained at a lower figure.

Skimmed Milk Exports

Exports from Guinea

In 2018, the amount of skimmed milk exported from Guinea totaled X tons, falling by -X% against the previous year. Over the period under review, skimmed milk exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. In that year, skimmed milk exports attained their peak of X tons. From 2012 to 2018, the growth of skimmed milk exports failed to regain its momentum.

In value terms, skimmed milk exports amounted to $X in 2018. Overall, skimmed milk exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. In that year, skimmed milk exports attained their peak of $X. From 2012 to 2018, the growth of skimmed milk exports remained at a lower figure.

Exports by Country

In 2018, New Zealand (X tons), distantly followed by the U.S. (X tons), Germany (X tons), the Netherlands (X tons), Belgium (X tons) and France (X tons) represented the main exporters of skimmed milk, together achieving X% of total exports. Australia (X tons), Saudi Arabia (X tons), Belarus (X tons), Poland (X tons), Ireland (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to skimmed milk exports from New Zealand stood at +X%. At the same time, Uruguay (+X%), Saudi Arabia (+X%), the U.S. (+X%), Belgium (+X%), Poland (+X%), Germany (+X%), the Netherlands (+X%), Belarus (+X%), Ireland (+X%) and France (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Australia experienced a relatively flat trend pattern. While the share of New Zealand (+X p.p.), the U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.), Belgium (+X p.p.), Saudi Arabia (+X p.p.) and Uruguay (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest skimmed milk supplier from Guinea, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in New Zealand amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The skimmed milk export price in Guinea stood at $X per ton in 2018, jumping by X% against the previous year. Over the period under review, the skimmed milk export price continues to indicate buoyant growth. The growth pace was the most rapid in 2012 an increase of X% y-o-y. Guinea export price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Ireland ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Uruguay, while the other leaders experienced a decline in the export price figures.

Skimmed Milk Imports

Imports into Guinea

In 2018, the amount of skimmed milk imported into Guinea stood at X tons, dropping by -X% against the previous year. Overall, skimmed milk imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. In that year, skimmed milk imports reached their peak of X tons. From 2011 to 2018, the growth of skimmed milk imports remained at a somewhat lower figure.

In value terms, skimmed milk imports stood at $X in 2018. Over the period under review, skimmed milk imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, skimmed milk imports reached their maximum at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X tons), followed by Algeria (X tons) and Mexico (X tons) represented the major importers of skimmed milk, together constituting X% of total imports. The United Arab Emirates (X tons), Belgium (X tons), the Netherlands (X tons), the Philippines (X tons), Russia (X tons), Saudi Arabia (X tons), Indonesia (X tons), China, Macao SAR (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Macao SAR, while the other leaders experienced more modest paces of growth.

In value terms, the largest skimmed milk importing markets into Guinea were China ($X), Algeria ($X) and Mexico ($X), together accounting for X% of total imports. Saudi Arabia, Russia, the United Arab Emirates, the Netherlands, Indonesia, Belgium, Malaysia, the Philippines, China, Macao SAR and Guinea lagged somewhat behind, together accounting for a further X terms of the main importing countries, China, Macao SAR experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The skimmed milk import price in Guinea stood at $X per ton in 2018, waning by -X% against the previous year. Overall, the skimmed milk import price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, the import prices for skimmed milk attained their peak figure at $X per ton in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Algeria ($X per ton), while China, Macao SAR ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform