Butter, dairy spreads and milk fats market in Guinea

Earlier Report Observations

The market volume for butter, dairy spreads, and milk fats in Guinea grew from 1,022 t in 2018 to 1,288 t in 2022, supported by agricultural development initiatives. The launch of the IFAD-funded AgriFARM project in 2018, aimed at increasing farm incomes and market access, provided a foundation, with its impact reinforced by additional financing agreements in 2019.

Following a dip to 1,133 t in 2020, growth resumed with the 2021 introduction of the World Bank's $100 million Commercial Agriculture Development Project (PDACG), which targeted a competitive transformation of the sector. The market reached its peak after the 2022 mid-term review of AgriFARM optimized implementation. However, volume contracted to 1,065 t in 2023, a period that saw the government launch an official price mercurial to control public spending on agricultural products.

Production butter, dairy spreads and milk fats in Guinea

In kind, 2017-2020, t

Top producers of butter, dairy spreads and milk fats, 2017-2020

World map of production of butter, dairy spreads and milk fats, 2017-2020

Guinea's production of butter, dairy spreads, and milk fats reached 1 062.1 tons in 2020, marking a controlled decline of 6.8% compared to the previous year. Looking at the broader period from 2017 to 2020, production grew by 3.6%, which translates to an annualized rate of 1.2%. The lowest production level was recorded in 2018 at 915.6 tons, while the peak occurred in 2019 with 1 139.0 tons. The most significant decrease happened in 2018, dropping by 10.7%, whereas the largest increase was observed in 2019, surging by 24.4%.

Annual dynamics of production in Guinea in kind, 2017-2020, t

Exports butter, dairy spreads and milk fats from Guinea

Exports in kind, t

Market performance showed noticeable fluctuations during this period. The lowest export volume for butter, dairy spreads, and milk fats from Guinea was recorded in 2017, while the highest was in 2020, with a peak-to-trough ratio of 23 times. In 2020, exports amounted to 22.4 tons, up by 5.5% from 2019. The largest decline occurred in 2019 at 0.0%, and the most substantial increase was in 2018, jumping by 2 114.9%.

Annual dynamics of product's exports from Guinea in kind, 2017-2020, t

From 2017 to 2020, Sierra Leone effectively monopolized Guinea's exports of butter, dairy spreads, and milk fats in kind, accounting for 100.0% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Guinea in kind, 2017-2020

Exports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. Export values hit their lowest point in 2017 and reached their maximum in 2020, with an amplitude of 52 times. In 2020, Guinea exported 20.1 thousand US dollars worth of butter, dairy spreads, and milk fats, up by 5.9% year-over-year. The largest decline was recorded in 2019 at 0.0%, while the most significant increase occurred in 2018, soaring by 4 786.4%.

Annual dynamics of product's exports from Guinea in value, 2017-2020, K $ US

From 2017 to 2020, the geographical pattern of exports in value terms reflected a strong dependence on Sierra Leone, which absorbed 100.0% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Guinea in value, 2017-2020

Imports butter, dairy spreads and milk fats to Guinea

Imports in kind, t

Guinea's imports of butter, dairy spreads, and milk fats declined for the second consecutive year. In 2020, imports stood at 93.1 tons, representing a small drop of 1.3% year-over-year. Over the period from 2017 to 2020, imports decreased by 5.5%, equating to an annualized rate of 1.9%. The maximum value was recorded in 2018 at 127.9 tons. The largest decline occurred in 2019, falling by 26.3%, while the most substantial increase was in 2018, rising by 29.8%.

Annual dynamics of product's imports to Guinea in kind, 2017-2020, t

Between 2017 and 2020, France was the dominant supplier of butter, dairy spreads, and milk fats to Guinea, accounting for 75.6% of total imports in kind, with other countries sharing the remaining volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Guinea in kind, 2017-2020

Imports in value, K $ US

Guinea's imports of butter, dairy spreads, and milk fats declined for the second consecutive year. In 2020, imports amounted to 607.2 thousand US dollars, representing a slight decrease of 0.6% compared to the previous year. The maximum value was recorded in 2018 at 818.0 thousand US dollars. The largest decline occurred in 2019, dropping by 25.3%, while the most significant increase was in 2018, rising by 33.1%.

Annual dynamics of product's imports to Guinea in value, 2017-2020, K $ US

From 2017 to 2020, France concentrated 77.3% of total imports in value terms of butter, dairy spreads, and milk fats to Guinea, and the residual flows were scattered across multiple smaller partners.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Guinea in value, 2017-2020