South Africa: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in South Africa

The South African market for condensed or evaporated milk (sweetened) skyrocketed to $X in 2022, jumping by 62% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Condensed Or Evaporated Milk (Sweetened) in South Africa

In value terms, sweetened condensed and evaporated milk production reached $X in 2022 estimated in export price. In general, production, however, saw a perceptible downturn. The growth pace was the most rapid in 2018 when the production volume increased by 173% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from South Africa

In 2022, the amount of condensed or evaporated milk (sweetened) exported from South Africa fell significantly to X tons, with a decrease of -22.2% against the previous year's figure. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 52%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk exports reduced to $X in 2022. In general, exports saw a perceptible contraction. The pace of growth was the most pronounced in 2017 when exports increased by 29%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Namibia (X tons) was the main destination for sweetened condensed and evaporated milk exports from South Africa, with a 50% share of total exports. Moreover, sweetened condensed and evaporated milk exports to Namibia exceeded the volume sent to the second major destination, Mozambique (X tons), threefold. Botswana (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to Namibia totaled -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (-1.7% per year) and Botswana (-10.6% per year).

In value terms, the largest markets for sweetened condensed and evaporated milk exported from South Africa were Namibia ($X), Mozambique ($X) and Botswana ($X), together comprising 71% of total exports. Congo, Swaziland, Zambia, Zimbabwe and Lesotho lagged somewhat behind, together accounting for a further 22%.

Congo, with a CAGR of +37.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $X per ton, with an increase of 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into South Africa

In 2022, the amount of condensed or evaporated milk (sweetened) imported into South Africa surged to X tons, growing by 329% compared with 2021 figures. In general, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sweetened condensed and evaporated milk imports soared to $X in 2022. Overall, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of sweetened condensed and evaporated milk to South Africa, accounting for a 72% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Lithuania exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), ninefold. The Netherlands (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from Lithuania stood at +59.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+65.4% per year) and the Netherlands (+24.0% per year).

In value terms, Lithuania ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to South Africa, comprising 61% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by Belgium, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from Lithuania stood at +55.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.4% per year) and Belgium (-5.7% per year).

Import Prices by Country

In 2022, the average import price for condensed or evaporated milk (sweetened) amounted to $X per ton, waning by -25.8% against the previous year. Over the period under review, the import price showed a noticeable decrease. The pace of growth appeared the most rapid in 2013 an increase of 41% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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