Western Africa: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Western Africa

The West African whole fresh milk market reached $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 somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Whole Fresh Milk Production in Western Africa

In value terms, whole fresh milk production rose slightly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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. Burkina Faso, Mauritania, Guinea and Senegal lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Burkina Faso (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Whole Fresh Milk Exports

Exports in Western Africa

After two years of decline, shipments abroad of whole fresh milk increased by X% to X tons in 2022. Overall, exports, however, continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, whole fresh milk exports amounted to $X in 2022. In general, exports, however, showed a precipitous decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Cote d'Ivoire (X tons), Senegal (X tons) and Gambia (X tons) was the key exporter of whole fresh milk in Western Africa, committing X% of total export. Sierra Leone (X tons) held a minor share of total exports.

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

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

In Gambia, whole fresh milk exports increased at an average annual rate of X% over the period from 2012-2022. 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. Over the period under review, the export price showed a noticeable reduction. The growth pace was 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 2012; however, from 2013 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 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 mixed trends in the export price figures.

Whole Fresh Milk Imports

Imports in Western Africa

In 2022, overseas purchases of whole fresh milk decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Total imports indicated buoyant 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, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced slightly in the following year.

In value terms, whole fresh milk imports reached $X in 2022. Total imports indicated a resilient 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% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Mauritania represented the largest importing country with an import of about X tons, which recorded X% of total imports. Cabo Verde (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%), Senegal (X%), Guinea (X%), Mali (X%), Gambia (X%) and Cote d'Ivoire (X%).

From 2012 to 2022, average annual rates of growth with regard to whole fresh milk imports into Mauritania stood at X%. At the same time, Guinea (X%), Mali (X%), Ghana (X%), Cote d'Ivoire (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 Mauritania (X p.p.), Ghana (X p.p.), Guinea (X p.p.), Mali (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (X p.p.), Cabo Verde (X p.p.) and Gambia (X p.p.) displayed negative dynamics.

In value terms, the largest whole fresh milk importing markets in Western Africa were Mauritania ($X), Senegal ($X) and Cabo Verde ($X), together comprising X% of total imports. Ghana, Guinea, Cote d'Ivoire, Mali and Gambia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. 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.

Prices varied noticeably by country of destination: 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 more modest paces of growth.

Source: IndexBox Platform

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