We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Western Africa - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Western Africa: Powdered Milk Market 2024

Powdered Milk Exports

Exports in Western Africa

In 2022, the amount of powdered milk exported in Western Africa expanded significantly to X tons, increasing by 13% on the previous year. Overall, exports, however, recorded a abrupt setback. 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 milk exports contracted to $X in 2022. Over the period under review, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 50% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Togo was the largest exporting country with an export of around X tons, which finished at 43% of total exports. It was distantly followed by Ghana (X tons), Senegal (X tons) and Nigeria (X tons), together comprising a 44% share of total exports. Niger (X tons), Cote d'Ivoire (X tons) and Mali (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Ghana (with a CAGR of +17.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Togo ($X) remains the largest powdered milk supplier in Western Africa, comprising 50% of total exports. The second position in the ranking was taken by Senegal ($X), with a 23% share of total exports. It was followed by Ghana, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Togo stood at -2.3%. In the other countries, the average annual rates were as follows: Senegal (-15.8% per year) and Ghana (+2.6% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, falling by -18.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 37% against the previous year. The level of export peaked at $X per ton in 2014; however, 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 Mali ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+9.0%), while the other leaders experienced more modest paces of growth.

Powdered Milk Imports

Imports in Western Africa

In 2022, overseas purchases of powdered milk decreased by -17.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 46%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, powdered milk imports declined to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 65%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons) was the major importer of powdered milk, constituting 43% of total imports. Ghana (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (8.2%), Burkina Faso (5%), Senegal (4.9%), Mauritania (4.7%), Gambia (4.7%) and Mali (4.6%).

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of powdered milk. At the same time, Ghana (+7.3%), Burkina Faso (+7.0%), Gambia (+5.1%), Mali (+4.5%) and Cote d'Ivoire (+2.1%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +7.3% from 2012-2022. By contrast, Mauritania (-3.4%) and Senegal (-4.9%) illustrated a downward trend over the same period. Ghana (+7 p.p.), Burkina Faso (+2.3 p.p.) and Gambia (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Mauritania, Nigeria and Senegal saw its share reduced by -2.3%, -3.2% and -3.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported powdered milk in Western Africa, comprising 52% of total imports. The second position in the ranking was taken by Ghana ($X), with a 12% share of total imports. It was followed by Cote d'Ivoire, with an 8.9% share.

In Nigeria, powdered milk imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+4.8% per year) and Cote d'Ivoire (+1.8% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, with an increase of 7.5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 25% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Gambia ($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 (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of powdered, evaporated and condensed milk consumption was Nigeria, accounting for 45% of total volume. Moreover, powdered, evaporated and condensed milk consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Mauritania, fourfold. The third position in this ranking was occupied by Ghana, with an 8.2% share.
The country with the largest volume of powdered, evaporated and condensed milk production was Togo, accounting for 100% of total volume.
In value terms, Togo remains the largest powdered, evaporated and condensed milk supplier in Western Africa, comprising 57% of total exports. The second position in the ranking was occupied by Ghana, with a 16% share of total exports. It was followed by Cote d'Ivoire, with a 7.4% share.
In value terms, Nigeria constitutes the largest market for imported powdered, evaporated and condensed milk in Western Africa, comprising 56% of total imports. The second position in the ranking was occupied by Ghana, with a 7.6% share of total imports. It was followed by Mauritania, with a 7.5% share.
The ndensed milk in Western Africa stood at $1,224 per ton in 2021, which is down by -11.6% against the previous year.
In 2021, the ndensed milk in Western Africa amounted to $2,430 per ton, falling by -7.2% against the previous year.

This report provides an in-depth analysis of the powdered milk market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 897 - Dry Whole Cow Milk
  • FCL 898 - Dry Skim Cow Milk

Country coverage:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Mauritania
  • Niger
  • Nigeria
  • Saint Helena, Ascension and Tristan da Cunha
  • Senegal
  • Sierra Leone
  • Togo
  • Cote d'Ivoire

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. PRODUCING ANIMALS AND YIELD BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Producing Animals, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Producing Animals, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Producing Animals, By Country, 2023
    25. Producing Animals, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

Recommended reports

Asia - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 367

This report provides an in-depth analysis of the powdered milk market in Asia.

U.S. - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 525

This report provides an in-depth analysis of the powdered milk market in the U.S..

China - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 1114

This report provides an in-depth analysis of the powdered milk market in China.

EU - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 346

This report provides an in-depth analysis of the powdered milk market in the EU.

World - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 514

This report provides an in-depth analysis of the global powdered milk market.

Free Data: Dried Milk - Western Africa
Table
Dried Milk - Western Africa - Table
Dashboard
Dried Milk - Western Africa - Dashboard
Report
Dried Milk - Western Africa - Report