Western Africa: Lactose Market 2024

Lactose Market Size in Western Africa

The West African lactose market expanded remarkably to $X in 2022, increasing by X% against the previous year. In general, consumption recorded a buoyant increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Lactose Production in Western Africa

In value terms, lactose production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Lactose Exports

Exports in Western Africa

In 2022, overseas shipments of lactose and lactose syrup were finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a pronounced curtailment. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, lactose exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of lactose and lactose syrup, namely Nigeria, Niger and Togo, represented more than two-thirds of total export. It was distantly followed by Senegal (X tons), comprising a X% share of total exports. Ghana (X kg) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Nigeria ($X) emerged as the largest lactose supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

In Nigeria, lactose exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Niger (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Niger ($X per ton) was amongst the lowest.

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

Lactose Imports

Imports in Western Africa

In 2022, lactose imports in Western Africa rose sharply to X tons, surging by X% compared with 2021. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, lactose imports rose to $X in 2022. In general, imports saw a pronounced increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the main importer of lactose and lactose syrup in Western Africa, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Ghana (X tons) held the second position in the ranking, followed by Burkina Faso (X tons). All these countries together took near X% share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Burkina Faso (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Burkina Faso (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported lactose and lactose syrup in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports.

In Nigeria, lactose imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, declining by X% against the previous year. Overall, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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