Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Australia - 2024
Contents:
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Australia (FOB) - 2024
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Australia (CIF) - 2022
- Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Australia
- Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Australia
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Australia (FOB) - 2024
The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $5,214 per ton in May 2024, surging by 2.3% against the previous month. Overall, export price indicated modest growth from May 2023 to May 2024: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2024 figures, export price for powdered sweetened milk and cream of fat weight content over 1.5% decreased by -24.9% against January 2024 indices. The growth pace was the most rapid in July 2023 when the average export price increased by 84% m-o-m. As a result, the export price reached the peak level of $9,953 per ton. From August 2023 to May 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($27,903 per ton), while the average price for exports to South Korea ($584 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Australia (CIF) - 2022
In 2022, the average import price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $3,288 per ton, shrinking by -13.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2013 an increase of 63% against the previous year. The import price peaked at $4,480 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($9,131 per ton), while the price for Norway ($1,190 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Australia
For the fourth year in a row, Australia recorded growth in shipments abroad of powdered sweetened milk and cream of fat weight content over 1.5%, which increased by 653% to 59K tons in 2022. Over the period under review, exports enjoyed a significant 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% surged to $281M in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 63.7 | 0% |
| Indonesia | N/A | N/A | N/A | 31.8 | 0% |
| China | 23.7 | 27.1 | 25.9 | 30.3 | 8.5% |
| Vietnam | 0.6 | 0.3 | 4.2 | 3.3 | 76.5% |
| Oman | N/A | N/A | N/A | 3.0 | 0% |
| Japan | 0.1 | N/A | 2.6 | 1.1 | 122.4% |
| Others | 30.7 | 31.0 | 36.9 | 148 | 68.9% |
| Total | 55.1 | 58.4 | 69.6 | 281 | 72.1% |
Top Export Markets for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% from Australia in 2022:
- United Arab Emirates (26.6K tons)
- Indonesia (5.2K tons)
- China (1.5K tons)
- Vietnam (0.6K tons)
- Oman (0.6K tons)
- Japan (0.2K tons)
Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Australia
In 2022, the amount of powdered sweetened milk and cream of fat weight content over 1.5% imported into Australia amounted to 8.3K tons, increasing by 2.8% against the previous year. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 5.5%. As a result, imports attained the peak of 15K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% contracted to $27M in 2022. Over the period under review, imports, however, continue to indicate a precipitous contraction. The smallest decline of -2.6% was in 2020.
| Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 20.4 | 19.6 | 8.9 | 8.1 | -26.5% |
| Germany | 1.7 | 1.9 | 1.8 | 2.6 | 15.2% |
| Norway | N/A | N/A | N/A | 1.4 | 0% |
| Netherlands | 4.8 | 3.5 | 2.5 | 0.5 | -52.9% |
| Poland | 0.4 | 0.5 | 0.4 | 0.5 | 7.7% |
| Denmark | 0.2 | 0.1 | 1.3 | 0.3 | 14.5% |
| Spain | N/A | 0.6 | 0.2 | N/A | -66.7% |
| Others | 29.5 | 29.3 | 15.7 | 14.1 | -21.8% |
| Total | 56.9 | 55.4 | 30.7 | 27.3 | -21.7% |
Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to Australia in 2022:
- New Zealand (1.9K tons)
- Norway (1.2K tons)
- Germany (0.6K tons)
- Netherlands (0.1K tons)
- Denmark (0.1K tons)
- Poland (0.1K tons)
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