SADC: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in SADC

The SADC market for powdered, condensed or evaporated milk rose remarkably to $X in 2022, growing by X% against the previous year. In general, consumption showed a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the market value increased by X%. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Powdered, Condensed Or Evaporated Milk in SADC

In value terms, powdered, condensed or evaporated milk production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

South Africa (X tons) constituted the country with the largest volume of powdered, condensed or evaporated milk production, comprising approx. X% of total volume. Moreover, powdered, condensed or evaporated milk production in South Africa exceeded the figures recorded by the second-largest producer, Zimbabwe (X tons), fivefold. Madagascar (X tons) ranked third in terms of total production with a X% share.

In South Africa, powdered, condensed or evaporated milk production contracted by an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Zimbabwe (X% per year) and Madagascar (X% per year).

Exports of Powdered, Condensed Or Evaporated Milk

Exports in SADC

For the third consecutive year, SADC recorded decline in shipments abroad of powdered, condensed or evaporated milk, which decreased by X% to X tons in 2022. Over the period under review, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk exports expanded significantly to $X in 2022. In general, exports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons) represented roughly X% of total exports in 2022.

South Africa was also the fastest-growing in terms of the powdered, condensed or evaporated milk exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest powdered, condensed or evaporated milk supplier in SADC.

In South Africa, powdered, condensed or evaporated milk exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Imports of Powdered, Condensed Or Evaporated Milk

Imports in SADC

In 2022, approx. X tons of powdered, condensed or evaporated milk were imported in SADC; reducing by X% on the previous year's figure. In general, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk imports stood at $X in 2022. Over the period under review, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Angola (X tons), South Africa (X tons), Mauritius (X tons), Madagascar (X tons) and Democratic Republic of the Congo (X tons) represented roughly X% of total imports in 2022. Mozambique (X tons) ranks next in terms of the total imports with a X% share, followed by Zimbabwe (X%).

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

In value terms, the largest powdered, condensed or evaporated milk importing markets in SADC were Mauritius ($X), Angola ($X) and South Africa ($X), together accounting for X% of total imports. Democratic Republic of the Congo, Zimbabwe, Madagascar and Mozambique lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Madagascar, with a CAGR of X%, saw 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 import price in SADC stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform