Cote d'Ivoire: Dairy Produce Market 2024

Dairy Produce Market Size in Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in the Cote d'Ivoire's dairy produce market, when its value decreased by X% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced rapidly in the following year.

Dairy Produce Production in Cote d'Ivoire

In value terms, dairy produce production stood at $X in 2022 estimated in export price. In general, production, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Dairy produce production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Dairy Produce Exports

Exports from Cote d'Ivoire

In 2022, the amount of dairy produce exported from Cote d'Ivoire soared to X tons, picking up by X% on the previous year's figure. Overall, exports continue to indicate noticeable growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy produce exports skyrocketed to $X in 2022. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2014 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 failed to regain momentum.

Exports by Country

Mali (X tons), Burkina Faso (X tons) and Niger (X tons) were the main destinations of dairy produce exports from Cote d'Ivoire, together accounting for X% of total exports.

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

In value terms, Burkina Faso ($X) emerged as the key foreign market for dairy produce exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports. It was followed by Cameroon, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Cameroon (X% per year).

Export Prices by Country

In 2022, the average dairy produce export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated a measured increase 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, dairy produce export price increased by X% against 2019 indices. 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 destination: amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to Niger ($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 Niger (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Produce Imports

Imports into Cote d'Ivoire

In 2022, imports of dairy produce into Cote d'Ivoire contracted remarkably to X tons, falling by X% on the previous year. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, dairy produce imports declined to $X in 2022. Overall, total imports indicated a modest expansion 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 2017 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

France (X tons), the Netherlands (X tons) and New Zealand (X tons) were the main suppliers of dairy produce imports to Cote d'Ivoire, with a combined X% share of total imports. Ghana, Ireland, Belgium, Argentina and Malaysia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest dairy produce suppliers to Cote d'Ivoire were France ($X), the Netherlands ($X) and New Zealand ($X), together accounting for X% of total imports. Ireland, Argentina, Ghana, Belgium and Malaysia lagged somewhat behind, together comprising a further X%.

Ghana, with a CAGR of X%, saw 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

In 2022, the average dairy produce import price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 New Zealand ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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