Western Africa: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Western Africa

The West African evaporated and condensed milk market declined significantly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption recorded a deep slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Evaporated And Condensed Milk in Western Africa

In value terms, evaporated and condensed milk production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Togo (X tons) constituted the country with the largest volume of evaporated and condensed milk production, comprising approx. X% of total volume.

In Togo, evaporated and condensed milk production expanded at an average annual rate of X% over the period from 2012-2022.

Exports of Evaporated And Condensed Milk

Exports in Western Africa

Evaporated and condensed milk exports surged to X tons in 2022, rising by X% on the previous year's figure. Total exports indicated resilient growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, evaporated and condensed milk exports surged to $X in 2022. Total exports indicated a prominent increase 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Togo represented the key exporter of evaporated and condensed milk in Western Africa, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Ghana (X tons), constituting a X% share of total exports.

Togo was also the fastest-growing in terms of the evaporated and condensed milk exports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) displayed positive paces of growth. While the share of Togo (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Togo ($X) remains the largest evaporated and condensed milk supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

In Togo, evaporated and condensed milk exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Togo stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Imports of Evaporated And Condensed Milk

Imports in Western Africa

In 2022, the amount of evaporated and condensed milk imported in Western Africa shrank rapidly to X tons, falling by X% against the previous year. Overall, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, evaporated and condensed milk imports dropped to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Togo (X tons), distantly followed by Burkina Faso (X tons), Ghana (X tons), Gambia (X tons), Mauritania (X tons), Senegal (X tons), Cote d'Ivoire (X tons) and Nigeria (X tons) represented the major importers of evaporated and condensed milk, together creating X% of total imports.

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

In value terms, the largest evaporated and condensed milk importing markets in Western Africa were Ghana ($X), Gambia ($X) and Togo ($X), with a combined X% share of total imports.

Among the main importing countries, Togo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a pronounced setback. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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