SADC: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in SADC

The SADC market for powdered, condensed or evaporated milk expanded remarkably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption saw a pronounced decrease. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Powdered, Condensed Or Evaporated Milk in SADC

In value terms, powdered, condensed or evaporated milk production dropped to $X in 2022 estimated in export price. In general, production, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

South Africa (X tons) remains the largest powdered, condensed or evaporated milk producing country in SADC, accounting for X% of total volume. Moreover, powdered, condensed or evaporated milk production in South Africa exceeded the figures recorded by the second-largest producer, Zimbabwe (X tons), fivefold. The third position in this ranking was taken by Madagascar (X tons), with a X% share.

In South Africa, powdered, condensed or evaporated milk production shrank by an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Zimbabwe (X% per year) and Madagascar (X% per year).

Exports of Powdered, Condensed Or Evaporated Milk

Exports in SADC

Powdered, condensed or evaporated milk exports reduced to X tons in 2022, waning by X% compared with the previous year's figure. In general, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk exports expanded sharply to $X in 2022. Overall, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of powdered, condensed or evaporated milk, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the powdered, condensed or evaporated milk exports, with a CAGR of X% from 2012 to 2022. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest powdered, condensed or evaporated milk supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Powdered, Condensed Or Evaporated Milk

Imports in SADC

In 2022, approx. X tons of powdered, condensed or evaporated milk were imported in SADC; dropping by X% compared with the previous year's figure. In general, imports showed a noticeable decline. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk imports rose to $X in 2022. Over the period under review, imports saw a slight decline. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the five major importers of powdered, condensed or evaporated milk, namely Angola, South Africa, Mauritius, Madagascar and Democratic Republic of the Congo, represented more than two-thirds of total import. Mozambique (X tons) ranks next in terms of the total imports with a X% share, followed by Zimbabwe (X%).

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

In value terms, the largest powdered, condensed or evaporated milk importing markets in SADC were Mauritius ($X), Angola ($X) and South Africa ($X), with a combined X% share of total imports. Democratic Republic of the Congo, Zimbabwe, Madagascar and Mozambique lagged somewhat behind, together accounting for a further X%.

Madagascar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 SADC amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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