Africa: Skim Powdered Milk Market 2024

Skim Powdered Milk Market Size in Africa

The African skim powdered milk market surged to $X in 2022, jumping by X% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Skim Powdered Milk Production in Africa

In value terms, skim powdered milk production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Skim Powdered Milk Exports

Exports in Africa

In 2022, overseas shipments of skim powdered milk increased by X% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, skim powdered milk exports surged to $X in 2022. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

South Africa (X tons) and Uganda (X tons) represented roughly X% of total exports in 2022. Togo (X tons) held the next position in the ranking, followed by Zambia (X tons). All these countries together took near X% share of total exports. Ghana (X tons) and Senegal (X tons) followed a long way behind the leaders.

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

In value terms, Uganda ($X), South Africa ($X) and Togo ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Zambia, Senegal and Ghana lagged somewhat behind, together accounting for a further X%.

Zambia, with a CAGR of X%, saw 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

The export price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uganda ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Skim Powdered Milk Imports

Imports in Africa

In 2022, approx. X tons of skim powdered milk were imported in Africa; with an increase of X% on 2021. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, skim powdered milk imports soared to $X in 2022. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Algeria represented the largest importer of skim powdered milk in Africa, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Egypt (X tons), Nigeria (X tons), Libya (X tons), Ghana (X tons) and Morocco (X tons), together committing a X% share of total imports. Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to skim powdered milk imports into Algeria stood at X%. At the same time, Kenya (X%), Morocco (X%), Libya (X%), Ghana (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Egypt experienced a relatively flat trend pattern. While the share of Algeria (X p.p.), Morocco (X p.p.) and Kenya (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X) constitutes the largest market for imported skim powdered milk in Africa, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with an X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Algeria amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kenya ($X per ton) and Algeria ($X per ton), while Egypt ($X per ton) and Libya ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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