South Africa - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPowdered Milk Price in South Africa - 2023
Contents:
- Powdered Milk Price in South Africa (CIF) - 2023
- Powdered Milk Price in South Africa (FOB) - 2023
- Powdered Milk Imports in South Africa
- Powdered Milk Exports in South Africa
Powdered Milk Price in South Africa (CIF) - 2023
In July 2023, the average powdered milk import price amounted to $3,392 per ton, rising by 9.1% against the previous month. In general, the import price, however, continues to indicate a mild downturn. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 11% month-to-month. As a result, import price attained the peak level of $4,530 per ton. From January 2023 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($4,551 per ton), while the price for Belgium ($2,889 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Denmark (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Powdered Milk Price in South Africa (FOB) - 2023
The average powdered milk export price stood at $3,928 per ton in July 2023, jumping by 16% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in August 2022 when the average export price increased by 29% m-o-m. As a result, the export price attained the peak level of $4,144 per ton. From September 2022 to July 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Tanzania ($8,487 per ton), while the average price for exports to Namibia ($2,497 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 Tanzania (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.
Powdered Milk Imports in South Africa
In 2022, purchases abroad of powdered milk decreased by -24.1% to 14K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 10% against the previous year. As a result, imports attained the peak of 19K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, powdered milk imports contracted to $57M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year.
| Import of Powdered Milk in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.4 | 10.1 | 12.5 | 17.4 | 33.0% |
| Uruguay | 0.4 | 0.3 | 0.7 | 8.4 | 175.9% |
| Netherlands | 2.8 | 4.8 | 6.0 | 7.7 | 40.1% |
| Belgium | 6.2 | 14.2 | 12.0 | 5.5 | -3.9% |
| New Zealand | 5.2 | 11.0 | 12.6 | 5.3 | 0.6% |
| Denmark | 0.6 | N/A | 2.9 | 4.7 | 98.6% |
| Germany | 4.4 | 6.0 | 7.4 | 4.6 | 1.5% |
| Sweden | 3.9 | 3.2 | 1.5 | 1.4 | -28.9% |
| Ireland | 3.2 | 0.6 | 1.4 | 0.2 | -60.3% |
| United Kingdom | 3.9 | 0.4 | 0.1 | N/A | -84.0% |
| Others | 4.9 | 3.1 | 2.4 | 1.6 | -31.1% |
| Total | 43.0 | 53.6 | 59.4 | 56.7 | 9.7% |
Top Suppliers of Powdered Milk to South Africa in 2022:
- United Kingdom (undefinedK tons)
- Ireland (undefinedK tons)
- France (4.6K tons)
- Uruguay (2.1K tons)
- Netherlands (1.7K tons)
- Belgium (1.5K tons)
- New Zealand (1.4K tons)
- Denmark (1.1K tons)
- Germany (0.9K tons)
- Sweden (0.4K tons)
Powdered Milk Exports in South Africa
In 2022, the amount of powdered milk exported from South Africa rose to 16K tons, increasing by 3.4% compared with the previous year. The total export volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 12% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, powdered milk exports surged to $56M in 2022. The total export value increased at an average annual rate of +12.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Powdered Milk in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 7.5 | 6.6 | 7.1 | 11.5 | 15.3% |
| Zambia | 3.5 | 4.6 | 4.8 | 11.2 | 47.4% |
| Zimbabwe | 2.0 | 3.8 | 6.8 | 10.4 | 73.2% |
| Botswana | 7.8 | 6.7 | 8.5 | 4.9 | -14.4% |
| Namibia | 4.1 | 2.8 | 4.0 | 4.6 | 3.9% |
| Swaziland | 1.7 | 3.8 | 4.3 | 3.9 | 31.9% |
| Lesotho | 3.7 | 3.9 | 4.4 | 2.1 | -17.2% |
| Angola | 4.3 | 1.1 | 1.3 | 1.4 | -31.2% |
| Democratic Republic of the Congo | 1.4 | 1.3 | 1.4 | 1.1 | -7.7% |
| Tanzania | 1.3 | 2.8 | 1.5 | 1.0 | -8.4% |
| Others | 2.0 | 2.9 | 2.4 | 3.4 | 19.3% |
| Total | 39.3 | 40.3 | 46.4 | 55.5 | 12.2% |
Top Export Markets for Powdered Milk from South Africa in 2022:
- Namibia (3.1K tons)
- Mozambique (3.1K tons)
- Zimbabwe (2.5K tons)
- Zambia (2.3K tons)
- Botswana (1.8K tons)
- Swaziland (0.8K tons)
- Angola (0.6K tons)
- Lesotho (0.6K tons)
- Tanzania (0.2K tons)
- Democratic Republic of the Congo (0.2K tons)
This report provides an in-depth analysis of the powdered 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 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
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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Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
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Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
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Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
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Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
305
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
1311
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1709
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
237
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
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Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
