Western Africa: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Western Africa

In 2022, the West African market for powdered, evaporated and condensed milk decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Powdered, Evaporated And Condensed Milk in Western Africa

In value terms, powdered, evaporated and condensed milk production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports in Western Africa

In 2022, overseas shipments of powdered, evaporated and condensed milk increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports, however, recorded a slight contraction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk exports surged to $X in 2022. In general, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Togo (X tons) represented the largest exporter of powdered, evaporated and condensed milk, comprising X% of total exports. It was distantly followed by Ghana (X tons), committing a X% share of total exports. The following exporters - Senegal (X tons), Nigeria (X tons) and Cote d'Ivoire (X tons) - each finished at an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to powdered, evaporated and condensed milk exports from Togo stood at X%. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%), Senegal (X%) and Nigeria (X%) illustrated a downward trend over the same period. Togo (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal and Nigeria saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Togo, powdered, evaporated and condensed milk exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, waning by X% against the previous year. Overall, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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 Cote d'Ivoire ($X per ton), while Togo ($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 (X%), while the other leaders experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports in Western Africa

In 2022, purchases abroad of powdered, evaporated and condensed milk decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. 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, evaporated and condensed milk imports reduced to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by Ghana (X tons), Mauritania (X tons), Togo (X tons), Gambia (X tons), Burkina Faso (X tons) and Cote d'Ivoire (X tons) represented the major importers of powdered, evaporated and condensed milk, together creating X% of total imports. Mali (X tons) took a minor share of total imports.

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

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

In Nigeria, powdered, evaporated and condensed milk imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

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

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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