Western Africa: Market for Buttermilk And Buttermilk Powder 2025

Market Size for Buttermilk And Buttermilk Powder in Western Africa

The West African buttermilk and buttermilk powder market fell slightly to $X in 2022, remaining stable against the previous year. Overall, consumption, however, showed a mild downturn. The pace of growth was the most pronounced in 2017 with an increase of 6% against the previous year. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Buttermilk And Buttermilk Powder in Western Africa

In value terms, buttermilk and buttermilk powder production reached $X in 2022 estimated in export price. In general, production continues to indicate a slight slump. The pace of growth appeared the most rapid in 2017 with an increase of 4.1% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports in Western Africa

Buttermilk and buttermilk powder exports skyrocketed to X tons in 2022, rising by 25% against 2021. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 494%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, buttermilk and buttermilk powder exports totaled $X in 2022. Overall, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 513%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of buttermilk and buttermilk powder, namely Ghana, Niger and Benin, represented more than two-thirds of total export. Senegal (X tons), Nigeria (X tons), Cote d'Ivoire (X tons) and Burkina Faso (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +67.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Niger ($X) and Benin ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 90% share of total exports.

Niger, with a CAGR of +57.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, waning by -13.9% against the previous year. In general, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when the export price increased by 30%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

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 Burkina Faso ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (-0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Buttermilk And Buttermilk Powder

Imports in Western Africa

Buttermilk and buttermilk powder imports expanded notably to X tons in 2022, with an increase of 10% on 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 70% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, buttermilk and buttermilk powder imports soared to $X in 2022. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 113%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the key importing country with an import of around X tons, which accounted for 45% of total imports. It was distantly followed by Ghana (X tons), Guinea (X tons), Cote d'Ivoire (X tons) and Togo (X tons), together committing a 37% share of total imports. The following importers - Guinea-Bissau (X tons) and Mali (X tons) - each recorded a 6.7% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to buttermilk and buttermilk powder imports into Nigeria stood at +4.2%. At the same time, Guinea (+21.2%), Guinea-Bissau (+17.1%), Cote d'Ivoire (+17.1%), Mali (+15.2%) and Ghana (+6.9%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +21.2% from 2012-2022. By contrast, Togo (-15.6%) illustrated a downward trend over the same period. While the share of Nigeria (+13 p.p.), Guinea (+8.1 p.p.), Cote d'Ivoire (+6.5 p.p.), Ghana (+5.7 p.p.), Guinea-Bissau (+2.7 p.p.) and Mali (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Togo (-30.9 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported buttermilk and buttermilk powder in Western Africa, comprising 63% of total imports. The second position in the ranking was taken by Ghana ($X), with an 11% share of total imports. It was followed by Cote d'Ivoire, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at +6.5%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+3.4% per year) and Cote d'Ivoire (+24.7% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, with an increase of 15% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, buttermilk and buttermilk powder import price increased by +104.7% against 2015 indices. The growth pace was the most rapid in 2020 when the import price increased by 25% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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