Cote d'Ivoire: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Cote d'Ivoire

The Cote d'Ivoire's market for condensed or evaporated milk (unsweetened) declined markedly to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Cote d'Ivoire

In 2022, overseas shipments of condensed or evaporated milk (unsweetened) increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk exports soared to $X in 2022. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Cote d'Ivoire, with a X% share of total exports. It was followed by Nigeria (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Senegal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Ghana (X% per year).

In value terms, Senegal ($X) emerged as the key foreign market for condensed or evaporated milk (unsweetened) exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Senegal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, picking up by X% against the previous year. Overall, the export price posted a strong increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Ghana ($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 Liberia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Cote d'Ivoire

In 2022, approx. X tons of condensed or evaporated milk (unsweetened) were imported into Cote d'Ivoire; which is down by X% against the previous year's figure. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk imports dropped markedly to $X in 2022. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Oman (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of unsweetened condensed and evaporated milk imports to Cote d'Ivoire, 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 Oman (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Oman ($X) and Germany ($X) were the largest unsweetened condensed and evaporated milk suppliers to Cote d'Ivoire, together accounting for X% of total imports.

Among the main suppliers, Oman, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a tangible 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, unsweetened condensed and evaporated milk import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and the United Arab Emirates ($X per ton), while the price for Germany ($X per ton) and Oman ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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