South Africa: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in South Africa

For the third year in a row, the South African market for condensed or evaporated milk (unsweetened) recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, continues to indicate a noticeable descent. Unsweetened condensed and evaporated milk consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in South Africa

In value terms, unsweetened condensed and evaporated milk production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from South Africa

For the third consecutive year, South Africa recorded decline in overseas shipments of condensed or evaporated milk (unsweetened), which decreased by X% to X tons in 2022. Overall, exports saw a perceptible downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk exports declined markedly to $X in 2022. In general, exports saw a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons) was the main destination for unsweetened condensed and evaporated milk exports from South Africa, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Botswana amounted to X%.

In value terms, Botswana ($X) also remains the key foreign market for condensed or evaporated milk (unsweetened) exports from South Africa.

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

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

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

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into South Africa

In 2022, approx. X tons of condensed or evaporated milk (unsweetened) were imported into South Africa; reducing by X% against 2021 figures. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk imports fell rapidly to $X in 2022. Over the period under review, imports faced a deep setback. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of unsweetened condensed and evaporated milk to South Africa, with a X% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the United States (X% per year).

In value terms, Germany ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to South Africa, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the United States (X% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($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 United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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