South Africa - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSkim Milk Price in South Africa - 2023
Contents:
- Skim Milk Price in South Africa (FOB) - 2023
- Skim Milk Price in South Africa (CIF) - 2022
- Skim Milk Exports in South Africa
- Skim Milk Imports in South Africa
Skim Milk Price in South Africa (FOB) - 2023
In July 2023, the average skim milk export price amounted to $646 per ton, surging by 4.2% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 13% against the previous month. As a result, the export price attained the peak level of $774 per ton. From April 2023 to July 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mozambique ($1,095 per ton), while the average price for exports to Botswana ($443 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Skim Milk Price in South Africa (CIF) - 2022
The average skim milk import price stood at $519 per ton in 2022, waning by -29.7% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 109%. As a result, import price attained the peak level of $2,162 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($778 per ton), while the price for Lesotho ($270 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (-13.4%), while the prices for the other major suppliers experienced a decline.
Skim Milk Exports in South Africa
In 2022, after three years of growth, there was significant decline in overseas shipments of skim milk, when their volume decreased by -5.9% to 39K tons. The total export volume increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 26%.
In value terms, skim milk exports dropped to $26M in 2022. The total export value increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, the exports reached the peak of $28M, and then shrank in the following year.
Export of Skim Milk in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Botswana | 4.0 | 6.5 | 9.0 | 8.6 | 29.1% |
Lesotho | 10.0 | 7.9 | 8.3 | 7.2 | -10.4% |
Namibia | 2.5 | 2.6 | 3.4 | 3.0 | 6.3% |
Swaziland | 0.7 | 1.4 | 1.4 | 2.3 | 48.7% |
Mozambique | 4.3 | 1.5 | 1.5 | 1.2 | -34.7% |
Others | 0.6 | 2.3 | 4.2 | 4.0 | 88.2% |
Total | 22.2 | 22.3 | 27.8 | 26.3 | 5.8% |
Top Export Markets for Skim Milk from South Africa in 2022:
- Botswana (19.4K tons)
- Lesotho (8.0K tons)
- Swaziland (4.5K tons)
- Namibia (3.7K tons)
- Mozambique (1.2K tons)
Skim Milk Imports in South Africa
In 2022, after three years of growth, there was significant decline in purchases abroad of skim milk, when their volume decreased by -91.6% to 642 tons. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 6,012% against the previous year. As a result, imports reached the peak of 7.6K tons, and then fell notably in the following year.
In value terms, skim milk imports contracted markedly to $333K in 2022. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 8,242%. As a result, imports reached the peak of $5.6M, and then contracted markedly in the following year.
Import of Skim Milk in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | N/A | N/A | N/A | 148 | 0% |
Zimbabwe | N/A | N/A | 108 | 97.5 | -9.7% |
Lesotho | 21.7 | 25.0 | 80.1 | 76.9 | 52.5% |
Germany | N/A | N/A | 128 | N/A | 0% |
Poland | N/A | N/A | 5,233 | N/A | 0% |
Others | 20.0 | 42.3 | 70.8 | 10.7 | -18.8% |
Total | 41.7 | 67.4 | 5,619 | 333 | 99.9% |
Top Suppliers of Skim Milk to South Africa in 2022:
- Poland (undefined tons)
- Lesotho (285.0 tons)
- Belgium (189.9 tons)
- Zimbabwe (159.4 tons)
This report provides an in-depth analysis of the skim milk market in South 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 888 - Skim Milk of Cows
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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