Somalia: Skimmed Milk Market 2020

Skimmed Milk Market Size in Somalia

The revenue of the skimmed milk market in Somalia amounted to $X in 2018, declining 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, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Somalia skimmed milk consumption peaked at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Skimmed Milk Exports

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 mixing up 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.

Exports from New Zealand increased at an average annual rate of +X% from 2007 to 2018. 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. 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.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In New Zealand, skimmed milk exports expanded at an average annual rate of +X% over the period from 2007-2018. 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

In 2018, the skimmed milk export price in Somalia amounted to $X per ton, leveling off at the previous year. Overall, the skimmed milk export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for skimmed milk attained their maximum at $X per ton in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

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 Somalia

In 2018, the amount of skimmed milk imported into Somalia stood at X tons, going down by -X% against the previous year. In general, skimmed milk imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Somalia imports peaked at X tons in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, skimmed milk imports stood at $X in 2018. Overall, skimmed milk imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Somalia imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X tons), followed by Algeria (X tons) and Mexico (X tons) represented the key importers of skimmed milk, together constituting X% of total imports. The following importers - 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) - together made up X% of total imports.

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 Somalia were China ($X), Algeria ($X) and Mexico ($X), with a combined X% share of total imports. Saudi Arabia, Russia, the United Arab Emirates, the Netherlands, Indonesia, Belgium, Malaysia, the Philippines, China, Macao SAR and Somalia lagged somewhat behind, together accounting for a further X, Macao SAR recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The skimmed milk import price in Somalia stood at $X per ton in 2018, picking up by X% against the previous year. In general, the import price indicated a perceptible expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, skimmed milk import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2012 when the import price increased by X% y-o-y. Over the period under review, the import prices for skimmed milk reached their peak figure in 2018 and is likely to continue its growth in the immediate term.

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