Africa: Whey Market 2024

Whey Market Size in Africa

In 2022, the African whey market increased by X% to $X, rising for the sixth year in a row after three years of decline. Over the period under review, consumption continues to indicate a strong increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Whey Production in Africa

In value terms, whey production declined slightly to $X in 2022 estimated in export price. The total production indicated a notable 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Whey Exports

Exports in Africa

In 2022, shipments abroad of whey decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate tangible growth. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, whey exports surged to $X in 2022. In general, exports, however, recorded a strong increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa was the main exporter of whey in Africa, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Uganda (X tons) took the second position in the ranking, distantly followed by Swaziland (X tons), Senegal (X tons) and Zambia (X tons). All these countries together held approx. X% share of total exports. Namibia (X tons) and Egypt (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to whey exports from South Africa stood at X%. At the same time, Namibia (X%), Zambia (X%), Uganda (X%), Egypt (X%), Senegal (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Uganda (X p.p.), Swaziland (X p.p.), Senegal (X p.p.), Zambia (X p.p.) and Namibia (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest whey supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Uganda ($X), with an X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Uganda (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, growing by X% against the previous year. In general, the export price saw perceptible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Whey Imports

Imports in Africa

In 2022, imports of whey in Africa expanded significantly to X tons, picking up by X% on 2021. Total imports indicated strong 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2019 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, whey imports soared to $X in 2022. Total imports indicated resilient growth 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Egypt (X tons) and South Africa (X tons) represented roughly X% of total imports in 2022. Nigeria (X tons) ranks next in terms of the total imports with a X% share, followed by Morocco (X%), Algeria (X%), Ghana (X%) and Tunisia (X%).

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

In value terms, South Africa ($X), Egypt ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, showed a slight descent. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Algeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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