Cameroon: Skim Powdered Milk Market 2024

Skim Powdered Milk Market Size in Cameroon

In 2022, the Cameroonian skim powdered milk market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, recorded a significant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank modestly in the following year.

Skim Powdered Milk Exports

Exports from Cameroon

For the fourth year in a row, Cameroon recorded growth in overseas shipments of skim powdered milk, which increased by X% to X tons in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, skim powdered milk exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Gabon (X tons) was the main destination for skim powdered milk exports from Cameroon, accounting for a X% share of total exports. Moreover, skim powdered milk exports to Gabon exceeded the volume sent to the second major destination, Central African Republic (X tons), threefold. Congo (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Gabon totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (X% per year) and Congo (X% per year).

In value terms, Gabon ($X) emerged as the key foreign market for skim powdered milk exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by Central African Republic ($X), with a X% share of total exports. It was followed by Congo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Gabon amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (X% per year) and Congo (X% per year).

Export Prices by Country

The average skim powdered milk export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Central African Republic (X%), while the prices for the other major destinations experienced a decline.

Skim Powdered Milk Imports

Imports into Cameroon

In 2022, supplies from abroad of skim powdered milk decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, skim powdered milk imports rose rapidly to $X in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Belgium (X tons) and the UK (X tons) were the main suppliers of skim powdered milk imports to Cameroon, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest skim powdered milk suppliers to Cameroon were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined X% share of total imports. France, New Zealand, Poland, Malaysia, the United Arab Emirates, the UK, Lithuania, Ireland and Nigeria lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average skim powdered milk import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated a modest expansion 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. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for the UK ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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