Western Africa: Milk Market 2024

Milk Market Size in Western Africa

The West African milk market was estimated at $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Milk Production in Western Africa

In value terms, milk production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Niger (X tons), Mali (X tons) and Nigeria (X tons), with a combined X% share of total production.

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

Milk Exports

Exports in Western Africa

In 2022, overseas shipments of milk were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a sharp decline. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, milk exports totaled $X in 2022. Overall, exports, however, recorded a dramatic decline. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of milk, namely Cote d'Ivoire, Senegal and Gambia, represented more than two-thirds of total export. Sierra Leone (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Senegal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Gambia ($X) remains the largest milk supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Gambia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2016 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Gambia ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

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

Milk Imports

Imports in Western Africa

In 2022, the amount of milk imported in Western Africa shrank to X tons, with a decrease of X% against the previous year's figure. Total imports indicated a pronounced increase 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, milk imports contracted modestly to $X in 2022. Total imports indicated a perceptible expansion 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

Mauritania dominates imports structure, recording X tons, which was near X% of total imports in 2022. Ghana (X tons) held the second position in the ranking, followed by Cabo Verde (X tons), Senegal (X tons) and Guinea (X tons). All these countries together held approx. X% share of total imports. The following importers - Mali (X tons) and Gambia (X tons) - each recorded a X% share of total imports.

Imports into Mauritania increased at an average annual rate of X% from 2012 to 2022. At the same time, Guinea (X%), Mali (X%), Ghana (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Cabo Verde experienced a relatively flat trend pattern. By contrast, Gambia (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Guinea (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cabo Verde (X p.p.) and Gambia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritania ($X) constitutes the largest market for imported milk in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Ghana, with an X% share.

In Mauritania, milk 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: Senegal (X% per year) and Ghana (X% per year).

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 showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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