South Africa: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in South Africa

The South African market for powdered, condensed or evaporated milk surged to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Powdered, condensed or evaporated milk consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Powdered, Condensed Or Evaporated Milk in South Africa

In value terms, powdered, condensed or evaporated milk production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Powdered, condensed or evaporated milk production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from South Africa

For the third year in a row, South Africa recorded decline in shipments abroad of powdered, condensed or evaporated milk, which decreased by X% to X tons in 2022. Overall, exports recorded a perceptible reduction. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum 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 notably to $X in 2022. In general, exports showed a slight curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons) was the main destination for powdered, condensed or evaporated milk exports from South Africa, accounting for a X% share of total exports. Moreover, powdered, condensed or evaporated milk exports to Botswana exceeded the volume sent to the second major destination, Namibia (X tons), sixfold. The third position in this ranking was taken by Mozambique (X tons), with a X% share.

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

In value terms, the largest markets for powdered, condensed or evaporated milk exported from South Africa were Mozambique ($X), Botswana ($X) and Zambia ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Zambia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for powdered, condensed or evaporated milk stood at $X per ton in 2022, surging by 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 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Botswana ($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 Swaziland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into South Africa

In 2022, purchases abroad of powdered, condensed or evaporated milk decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a slight expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk imports stood at $X in 2022. Overall, imports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of powdered, condensed or evaporated milk to South Africa, with a X% share of total imports. Moreover, powdered, condensed or evaporated milk imports from France exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and the Netherlands (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average import price for powdered, condensed or evaporated milk stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated slight growth 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, powdered, condensed or evaporated milk import price increased by X% against 2016 indices. Over the period under review, average import prices attained the peak figure 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 Germany ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :