Benin: Milk Market Overview 2020

Milk Market Size in Benin

The revenue of the milk market in Benin amounted to $X in 2018, jumping by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the market value increased by X% year-to-year. Milk consumption peaked at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Milk Production in Benin

In value terms, milk production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Milk production peaked at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

In 2018, the average yield of milk in Benin totaled X kg per head, remaining relatively unchanged against the previous year. Overall, the milk yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Milk yield peaked at X kg per head in 2007; however, from 2008 to 2018, yield remained at a lower figure.

In 2018, the amount of producing animals in Benin stood at X heads, increasing by X% against the previous year. This number increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2010 when the number of producing animals increased by X% year-to-year. Over the period under review, this number reached its maximum level in 2018 and is likely to see steady growth in the near future.

Milk Exports

Exports from Benin

In 2018, the amount of milk exported from Benin amounted to X tonnes, rising by X% against the previous year. In general, milk exports continue to indicate remarkable growth. The pace of growth was the most pronounced in 2015 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, milk exports amounted to $X in 2018. In general, milk exports continue to indicate resilient growth. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, milk exports attained their maximum in 2018 and are likely to continue its growth in the near future.

Milk Imports

Imports into Benin

In 2018, approx. X tonnes of milk were imported into Benin; stabilizing at the previous year. In general, the total imports indicated slight growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milk imports decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2009 when imports increased by X% y-o-y. Over the period under review, milk imports attained their peak figure at X tonnes in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, milk imports totaled $X in 2018. Overall, milk imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2009 when imports increased by X% y-o-y. Over the period under review, milk imports reached their maximum at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Source: IndexBox AI Platform