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)
This report provides an in-depth analysis of the powdered milk market in Australia.
This report provides an in-depth analysis of the whole powdered milk market in Australia.
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Australia.
This report provides an in-depth analysis of the market for evaporated and condensed milk in Australia.
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Australia.
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Australia.
This report provides an in-depth analysis of the skim powdered milk market in Australia.
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Australia.
This report provides an in-depth analysis of the global powdered milk market.
This report provides an in-depth analysis of the global whole powdered milk market.
In August 2022, the powdered milk price stood at $5,555 per ton (FOB, Australia), increasing by 6.6% against the previous month.
In 2021, Evaporated and Condensed Milk exports reached a record high of 53K tons. From 2022 to 2023, the exports slightly decreased, with a value of $107M in 2023.
In 2021, Evaporated and Condensed Milk exports reached a peak of 53K tons. However, from 2022 to 2023, the exports decreased slightly. In terms of value, the exports declined to $107M in 2023.
The growth pace in March 2023 was the fastest yet, seeing a 44% month-to-month increase. The value of Evaporated And Condensed Milk exports slightly dropped to $9.3M in November 2023.
In August 2023, the exports of Evaporated And Condensed Milk reached its peak, with a value of $12M.
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
Explore the world's best import markets for skim powdered milk and understand the key statistics and trends in the industry.