Cote d'Ivoire: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Cote d'Ivoire

In 2022, after three years of growth, there was significant decline in the Cote d'Ivoire's market for powdered, evaporated and condensed milk, when its value decreased by X% to $X. In general, consumption continues to indicate a slight decline. As a result, consumption reached the peak level of $X, and then fell notably in the following year.

Production of Powdered, Evaporated And Condensed Milk in Cote d'Ivoire

In value terms, powdered, evaporated and condensed milk production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume decreased by X%. Powdered, evaporated and condensed milk production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Cote d'Ivoire

In 2022, shipments abroad of powdered, evaporated and condensed milk increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk exports surged to $X in 2022. In general, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X tons) was the main destination for powdered, evaporated and condensed milk exports from Cote d'Ivoire, accounting for a X% share of total exports. Moreover, powdered, evaporated and condensed milk exports to Burkina Faso exceeded the volume sent to the second major destination, Niger (X tons), eightfold. Mali (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Burkina Faso ($X) remains the key foreign market for powdered, evaporated and condensed milk exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was taken by Cameroon ($X), with a X% share of total exports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (X% per year) and Mali (X% per year).

Export Prices by Country

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cameroon ($X per ton), while the average price for exports to Niger ($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 Cameroon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Cote d'Ivoire

In 2022, approx. X tons of powdered, evaporated and condensed milk were imported into Cote d'Ivoire; shrinking by X% on the previous year. Over the period under review, imports recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, powdered, evaporated and condensed milk imports reduced to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

The Netherlands (X tons), France (X tons) and New Zealand (X tons) were the main suppliers of powdered, evaporated and condensed milk imports to Cote d'Ivoire, together accounting for X% of total imports. Ireland, Argentina, Malaysia and Oman lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), New Zealand ($X) and France ($X) were the largest powdered, evaporated and condensed milk suppliers to Cote d'Ivoire, with a combined X% share of total imports. Ireland, Argentina, Oman and Malaysia lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for powdered, evaporated and condensed milk stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a moderate increase 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, evaporated and condensed milk import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :