Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Algeria - 2022

Contents:

1. Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Algeria (CIF) - 2022
2. Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Algeria (FOB) - 2022
3. Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Algeria
4. Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Algeria

Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Algeria (CIF) - 2022

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $7,016 per ton in 2022, with an increase of 32% against the previous year. Over the period under review, the import price posted temperate growth. The most prominent rate of growth was recorded in 2019 an increase of 32% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 France ($38,609 per ton), while the price for New Zealand ($1,817 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Algeria (FOB) - 2022

In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $1,749 per ton, declining by -25.5% against the previous year. Overall, the export price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 109% against the previous year. Over the period under review, the average export prices hit record highs at $3,622 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($1,821 per ton), while the average price for exports to Niger totaled $1,673 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+24.1%).

Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Algeria

For the third year in a row, Algeria recorded decline in purchases abroad of powdered sweetened milk and cream of fat weight content over 1.5%, which decreased by -14.1% to 95 tons in 2022. Overall, imports showed a abrupt decline.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% rose markedly to $667K in 2022. The total import value increased at an average annual rate of +13.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to Algeria in 2022:

1. New Zealand (57.5 tons)
2. Belgium (19.4 tons)
3. Ireland (7.3 tons)
4. Netherlands (4.2 tons)
5. Ukraine (2.7 tons)
6. Malaysia (2.0 tons)

Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Algeria

In 2022, exports of powdered sweetened milk and cream of fat weight content over 1.5% from Algeria soared to 4.7 tons, increasing by 184% on the previous year's figure. In general, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% skyrocketed to $8.3K in 2022. Over the period under review, exports saw prominent growth.

Top Export Markets for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% from Algeria in 2022:

1. Niger (2.7 tons)
2. Mauritania (2.0 tons)

Source: IndexBox Market Intelligence Platform