Africa: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Africa

In 2022, the African market for condensed or evaporated milk (unsweetened) decreased by X% to $X, falling for the second year in a row after four years of growth. In general, consumption saw a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Condensed Or Evaporated Milk (Unsweetened) in Africa

In value terms, unsweetened condensed and evaporated milk production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports in Africa

For the third year in a row, Africa recorded decline in shipments abroad of condensed or evaporated milk (unsweetened), which decreased by X% to X tons in 2022. Overall, exports showed a perceptible descent. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk exports fell to $X in 2022. In general, exports recorded a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X tons), making up an X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Ghana (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, the largest unsweetened condensed and evaporated milk supplying countries in Africa were South Africa ($X) and Ghana ($X).

Among the main exporting countries, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Ghana ($X per ton), while South Africa amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports in Africa

In 2022, overseas purchases of condensed or evaporated milk (unsweetened) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk imports fell significantly to $X in 2022. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Libya dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Ghana (X tons), comprising a X% share of total imports. The following importers - Gambia (X tons), Senegal (X tons), Togo (X tons), Nigeria (X tons), Angola (X tons), Benin (X tons), Cote d'Ivoire (X tons) and Djibouti (X tons) - together made up X% of total imports.

Imports into Libya decreased at an average annual rate of X% from 2012 to 2022. At the same time, Angola (X%), Togo (X%), Ghana (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Gambia (X%), Benin (X%), Djibouti (X%), Cote d'Ivoire (X%) and Nigeria (X%) illustrated a downward trend over the same period. Libya (X p.p.), Ghana (X p.p.), Togo (X p.p.), Senegal (X p.p.), Angola (X p.p.) and Gambia (X p.p.) significantly strengthened its position in terms of the total imports, while Djibouti, Cote d'Ivoire and Nigeria saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Libya ($X) constitutes the largest market for imported condensed or evaporated milk (unsweetened) in Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Libya amounted to X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 Angola ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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