SADC: Powdered Milk Market 2024

Powdered Milk Market Size in SADC

The SADC powdered milk market dropped to $X in 2022, which is down by -5.5% against the previous year. In general, consumption saw a perceptible slump. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Powdered Milk Production in SADC

In value terms, powdered milk production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2017 with an increase of 8.6%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were South Africa (X tons) and Zimbabwe (X tons).

From 2012 to 2022, the biggest increases were recorded for Zimbabwe (with a CAGR of +0.0%).

Powdered Milk Exports

Exports in SADC

In 2022, shipments abroad of powdered milk increased by 2.6% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, powdered milk exports surged to $X in 2022. Total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.6% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by 72%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, recording X tons, which was near 91% of total exports in 2022. The following exporters - Zambia (X tons) and Namibia (X tons) - together made up 6.5% of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of powdered milk. At the same time, Namibia (+27.6%) and Zambia (+7.7%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +27.6% from 2012-2022. From 2012 to 2022, the share of South Africa, Namibia and Zambia increased by +8.2, +2.7 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest powdered milk supplier in SADC, comprising 91% of total exports. The second position in the ranking was held by Namibia ($X), with a 5.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled +2.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (+26.2% per year) and Zambia (+9.1% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2014 an increase of 27% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+1.5%), while the other leaders experienced mixed trends in the export price figures.

Powdered Milk Imports

Imports in SADC

Powdered milk imports dropped to X tons in 2022, with a decrease of -12.3% compared with the previous year. Overall, imports continue to indicate a mild decline. The growth pace was the most rapid in 2019 when imports increased by 23%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, powdered milk imports totaled $X in 2022. Over the period under review, imports showed a slight downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 26% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mauritius (X tons), Angola (X tons) and South Africa (X tons) was the key importer of powdered milk in SADC, generating 54% of total import. Democratic Republic of the Congo (X tons) ranks next in terms of the total imports with an 11% share, followed by Zimbabwe (6.8%) and Mozambique (4.6%). Madagascar (X tons), Tanzania (X tons), Zambia (X tons), Namibia (X tons), Comoros (X tons), Botswana (X tons) and Malawi (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Madagascar (with a CAGR of +9.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered milk importing markets in SADC were Mauritius ($X), South Africa ($X) and Angola ($X), together comprising 61% of total imports. Democratic Republic of the Congo, Zimbabwe, Mozambique, Zambia, Madagascar, Namibia, Tanzania, Comoros, Malawi and Botswana lagged somewhat behind, together comprising a further 36%.

Comoros, with a CAGR of +8.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, growing by 14% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform