Tanzania: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Tanzania

In 2022, after three years of growth, there was significant decline in the Tanzanian market for powdered, evaporated and condensed milk, when its value decreased by X% to $X. Overall, consumption showed a abrupt setback. Powdered, evaporated and condensed milk consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Tanzania

In 2022, approx. X tons of powdered, evaporated and condensed milk were exported from Tanzania; falling by X% compared with the year before. Overall, exports showed a sharp decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% 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 failed to regain momentum.

In value terms, powdered, evaporated and condensed milk exports shrank notably to $X in 2022. Over the period under review, exports recorded a significant curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X tons) was the main destination for powdered, evaporated and condensed milk exports from Tanzania, with a X% share of total exports. Moreover, powdered, evaporated and condensed milk exports to Zambia exceeded the volume sent to the second major destination, Burundi (X kg), more than tenfold. Democratic Republic of the Congo (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Zambia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, Zambia ($X) remains the key foreign market for powdered, evaporated and condensed milk exports from Tanzania, comprising X% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Zambia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Oman (X.0% per year).

Export Prices by Country

The average export price for powdered, evaporated and condensed milk stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($X per ton), while the average price for exports to Burundi ($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 Oman (X%), while the prices for the other major destinations experienced a decline.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Tanzania

In 2022, overseas purchases of powdered, evaporated and condensed milk decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk imports fell remarkably to $X in 2022. Overall, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then declined notably in the following year.

Imports by Country

Oman (X tons), Uganda (X tons) and South Africa (X tons) were the main suppliers of powdered, evaporated and condensed milk imports to Tanzania, together comprising X% of total imports.

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

In value terms, Uganda ($X), South Africa ($X) and the United Arab Emirates ($X) constituted the largest powdered, evaporated and condensed milk suppliers to Tanzania, together accounting for X% of total imports.

In terms of the main suppliers, Uganda, with a CAGR of X%, recorded 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 average import price for powdered, evaporated and condensed milk stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for the Netherlands ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform