Report Update: May 1, 2024

Ethiopia - Skim Powdered Milk - Market Analysis, Forecast, Size, Trends And Insights

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Skim Powdered Milk Price in Ethiopia - 2021

Skim Powdered Milk Price in Ethiopia (CIF) - 2022

In 2022, the average skim powdered milk import price amounted to $4,185 per ton, rising by 36% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, skim powdered milk import price increased by +63.0% against 2020 indices. The import price peaked at $4,900 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($4,638 per ton), while the price for Curacao ($2,137 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Skim Powdered Milk Price in Ethiopia (FOB) - 2022

In 2022, the average skim powdered milk export price amounted to $306 per ton, remaining stable against the previous year. In general, the export price saw a dramatic setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $3,300 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2017 to 2022, the rate of growth in terms of prices for Singapore amounted to -19.0% per year.

Skim Powdered Milk Imports in Ethiopia

For the fourth year in a row, Ethiopia recorded growth in supplies from abroad of skim powdered milk, which increased by 20% to 2.5K tons in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 64% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, skim powdered milk imports soared to $10M in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Skim Powdered Milk in Ethiopia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	183	188	1.3	2,586	141.8%
Netherlands	97.3	68.8	365	2,029	175.2%
Denmark	25.6	215	215	1,504	288.7%
New Zealand	280	771	630	1,419	71.8%
Belgium	89.4	218	321	735	101.8%
France	0.7	1.0	0.7	710	904.7%
Curacao	N/A	N/A	N/A	433	0%
United Arab Emirates	60.1	90.0	156	109	22.0%
Malaysia	91.8	414	661	72.1	-7.7%
Ireland	376	624	622	N/A	28.6%
United Kingdom	619	281	561	N/A	-4.8%
Oman	16.6	64.3	150	N/A	200.6%
Others	1,201	1,838	2,623	689	-16.9%
Total	3,041	4,772	6,306	10,287	50.1%

Top Suppliers of Skim Powdered Milk to Ethiopia in 2022:

Germany (596.0 tons)
Netherlands (444.8 tons)
Denmark (329.3 tons)
New Zealand (306.0 tons)
Belgium (213.8 tons)
Curacao (202.5 tons)
France (184.3 tons)
United Arab Emirates (24.0 tons)
Malaysia (15.7 tons)

Skim Powdered Milk Exports in Ethiopia

In 2022, overseas shipments of skim powdered milk decreased by 0% to 530 kg, falling for the second year in a row after two years of growth. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 33%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, skim powdered milk exports totaled $162 in 2022. Over the period under review, exports continue to indicate a significant increase. The smallest decline of -52.2% was in 2020. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Export of Skim Powdered Milk in Ethiopia (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cote d'Ivoire	N/A	N/A	N/A	162	0%
Indonesia	N/A	11.0	N/A	N/A	0%
Singapore	23.0	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	23.0	11.0	N/A	162	91.7%

Top Export Markets for Skim Powdered Milk from Ethiopia in 2022:

Cote d'Ivoire (530.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the skim powdered milk market in Ethiopia. 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 898 - Dry Skim Cow Milk

Country coverage:

Ethiopia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ethiopia
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.

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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023