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

Contents:

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

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

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $4,187 per ton in 2022, falling by -19.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30%. As a result, import price attained the peak level of $5,202 per ton, and then dropped rapidly in the following year.

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 the Netherlands ($7,536 per ton), while the price for Singapore ($317 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.1%), 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 Angola (FOB) - 2022

In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $1,891 per ton, falling by -21.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 24%. The export price peaked at $3,846 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($3,121 per ton), while the average price for exports to Cuba stood at $343 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (-2.1%), while the prices for the other major destinations experienced a decline.

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

Imports of powdered sweetened milk and cream of fat weight content over 1.5% into Angola totaled 2.8K tons in 2022, rising by 2.9% against 2021 figures. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 109%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% fell significantly to $12M in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 173% against the previous year. As a result, imports reached the peak of $14M, and then declined sharply in the following year.

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

1. Singapore (577.4 tons)
2. Malaysia (383.0 tons)
3. Belgium (295.5 tons)
4. South Africa (241.2 tons)
5. Portugal (173.7 tons)
6. Ireland (75.9 tons)
7. New Zealand (72.2 tons)

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

In 2022, overseas shipments of powdered sweetened milk and cream of fat weight content over 1.5% were finally on the rise to reach 533 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a sharp descent.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% contracted markedly to $1K in 2022. In general, exports, however, showed a sharp decrease.

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

1. Namibia (297.0 kg)
2. Cuba (236.0 kg)

Source: IndexBox Market Intelligence Platform