Africa: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Africa

The African evaporated and condensed milk market declined to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption recorded a pronounced decrease. 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 Evaporated And Condensed Milk in Africa

In value terms, evaporated and condensed milk production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2016 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 remained at a lower figure.

South Africa (X tons) remains the largest evaporated and condensed milk producing country in Africa, comprising approx. X% of total volume. Moreover, evaporated and condensed milk production in South Africa exceeded the figures recorded by the second-largest producer, Togo (X tons), threefold. The third position in this ranking was held by Zimbabwe (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in South Africa stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Togo (X% per year) and Zimbabwe (X% per year).

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Exports of Evaporated And Condensed Milk

Exports in Africa

Evaporated and condensed milk exports totaled X tons in 2022, picking up by X% on 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, evaporated and condensed milk exports rose sharply to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Togo (X tons) and South Africa (X tons) dominates exports structure, together generating X% of total exports. It was distantly followed by Ghana (X tons), committing a X% share of total exports. Kenya (X tons) took a little share of total exports.

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

In value terms, Togo ($X), South Africa ($X) and Ghana ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. These countries were followed by Kenya, which accounted for a further X%.

Kenya, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 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 ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Evaporated And Condensed Milk

Imports in Africa

Evaporated and condensed milk imports contracted to X tons in 2022, dropping by X% against 2021. Over the period under review, imports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, evaporated and condensed milk imports shrank to $X in 2022. Overall, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Libya (X tons) represented the major importer of evaporated and condensed milk, making up X% of total imports. Togo (X tons) held the second position in the ranking, followed by Burkina Faso (X tons) and Ghana (X tons). All these countries together took near X% share of total imports. The following importers - Gambia (X tons), Madagascar (X tons), Angola (X tons), Gabon (X tons), Mauritania (X tons), Cameroon (X tons), Senegal (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, Madagascar (X%), Togo (X%), Burkina Faso (X%), Gabon (X%), Senegal (X%) and Gambia (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. By contrast, Djibouti (X%), Cameroon (X%), Angola (X%), Cote d'Ivoire (X%) and Mauritania (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Togo, Libya, Burkina Faso, Madagascar, Gambia and Gabon increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Libya, evaporated and condensed milk imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Angola (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Cote d'Ivoire ($X per ton), while Mauritania ($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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