Overview of the Market for Evaporated And Condensed Milk in Africa
In value terms, evaporated and condensed milk production fell to $ in 2019 estimated in export prices. Over the period under review, production saw a perceptible slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by % against the previous year. Over the period under review, production reached the peak level at $ in 2008; however, from 2009 to 2019, production remained at a lower figure.
South Africa ( tonnes) constituted the country with the largest volume of evaporated and condensed milk production, comprising approx. % of total volume. Moreover, evaporated and condensed milk production in South Africa exceeded the figures recorded by the second-largest producer, Zimbabwe ( tonnes), fourfold. Madagascar ( tonnes) ranked third in terms of total production with a % share.
From 2007 to 2019, the average annual growth rate of volume in South Africa totaled -%. The remaining producing countries recorded the following average annual rates of production growth: Zimbabwe (% per year) and Madagascar (+% per year).
The value of the evaporated and condensed milk market in Africa rose slightly to $ in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total consumption indicated a measured expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. The growth pace was the most rapid in 2011 with an increase of % y-o-y. The level of consumption peaked at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.
From 2007 to 2019, the biggest increases were in Botswana, while evaporated and condensed milk consumption for the other leaders experienced more modest paces of growth.
In value terms, Libya ($), Nigeria ($) and South Africa ($) constituted the countries with the highest levels of market value in 2019, together comprising % of the total market.
Libya saw the highest growth rate of market size, in terms of the main consuming countries over the period under review, while evaporated and condensed milk market for the other leaders experienced more modest paces of growth.
The countries with the highest levels of evaporated and condensed milk per capita consumption in 2019 were Botswana ( kg per person), Libya ( kg per person) and Djibouti ( kg per person).
From 2007 to 2019, the biggest increases were in Botswana, while evaporated and condensed milk per capita consumption for the other leaders experienced more modest paces of growth.