South Africa: Overview of the Market for Evaporated And Condensed Milk 2020

Market Size for Evaporated And Condensed Milk in South Africa

The revenue of the evaporated and condensed milk market in South Africa amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, evaporated and condensed milk consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the market value increased by X% against the previous year. Evaporated and condensed milk consumption peaked at $X in 2009; however, from 2010 to 2018, consumption stood at a somewhat lower figure.

Production of Evaporated And Condensed Milk in South Africa

In value terms, evaporated and condensed milk production amounted to $X in 2018 estimated in export prices. In general, evaporated and condensed milk production continues to indicate mild growth. The most prominent rate of growth was recorded in 2016 when production volume increased by X% against the previous year. Evaporated and condensed milk production peaked at $X in 2009; however, from 2010 to 2018, production failed to regain its momentum.

Exports of Evaporated And Condensed Milk

Exports from South Africa

Evaporated and condensed milk exports from South Africa amounted to X tonnes in 2018, reducing by -X% against the previous year. Overall, evaporated and condensed milk exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked at X tonnes in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

In value terms, evaporated and condensed milk exports stood at $X in 2018. Overall, evaporated and condensed milk exports, however, continue to indicate a perceptible increase. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tonnes) was the main destination for evaporated and condensed milk exports from South Africa, with a X% share of total exports. Moreover, evaporated and condensed milk exports to Botswana exceeded the volume sent to the second major destination, Swaziland (X tonnes), threefold. The third position in this ranking was occupied by Namibia (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Botswana was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (+X% per year) and Namibia (+X% per year).

In value terms, Botswana ($X) remains the key foreign market for evaporated and condensed milk exports from South Africa, comprising X% of total evaporated and condensed milk exports. The second position in the ranking was occupied by Swaziland ($X), with a X% share of total exports. It was followed by Namibia, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Botswana totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (+X% per year) and Namibia (+X% per year).

Export Prices by Country

In 2018, the average evaporated and condensed milk export price amounted to $X per tonne, going up by X% against the previous year. Overall, the evaporated and condensed milk export price continues to indicate temperate growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2009; however, from 2010 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Mauritius ($X per tonne), while the average price for exports to Botswana ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Botswana, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into South Africa

In 2018, approx. X tonnes of evaporated and condensed milk were imported into South Africa; dropping by -X% against the previous year. Overall, evaporated and condensed milk imports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. In that year, evaporated and condensed milk imports reached their peak of X tonnes. From 2012 to 2018, the growth of evaporated and condensed milk imports failed to regain its momentum.

In value terms, evaporated and condensed milk imports stood at $X in 2018. Over the period under review, evaporated and condensed milk imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. In that year, evaporated and condensed milk imports reached their peak of $X. From 2012 to 2018, the growth of evaporated and condensed milk imports failed to regain its momentum.

Imports by Country

Italy (X tonnes), Botswana (X tonnes) and Belgium (X tonnes) were the main suppliers of evaporated and condensed milk imports to South Africa, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Botswana, while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Belgium ($X) and Germany ($X) were the largest evaporated and condensed milk suppliers to South Africa, together accounting for X% of total imports. These countries were followed by the Netherlands, Turkey, Malaysia and Botswana, which together accounted for a further X experienced the highest growth rate of the value of imports, among the main suppliers over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average evaporated and condensed milk import price amounted to $X per tonne, reducing by -X% against the previous year. In general, the evaporated and condensed milk import price, however, continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. In that year, the average import prices for evaporated and condensed milk reached their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average import prices for evaporated and condensed milk failed to regain its momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Italy ($X per tonne), while the price for Botswana ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform