Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Austria - 2023

Contents:

1. Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Austria (FOB) - 2023
2. Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Austria (CIF) - 2022
3. Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Austria
4. Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Austria

Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Austria (FOB) - 2023

In December 2023, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $8,660 per ton, jumping by 86% against the previous month. Overall, the export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 92% m-o-m. As a result, the export price attained the peak level of $8,852 per ton. From June 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In December 2023, the country with the highest price was Italy ($10,020 per ton), while the average price for exports to Germany ($8,519 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.5%), 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 Austria (CIF) - 2022

In 2022, the average import price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $5,873 per ton, surging by 18% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for powdered sweetened milk and cream of fat weight content over 1.5% increased by +137.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($17,441 per ton), while the price for Poland ($5,065 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+17.0%), 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 Austria

For the fourth year in a row, Austria recorded growth in overseas shipments of powdered sweetened milk and cream of fat weight content over 1.5%, which increased by 24% to 1K tons in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 206% against the previous year. The exports peaked in 2022 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% contracted modestly to $4.7M in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 307% against the previous year. As a result, the exports reached the peak of $4.8M, and then declined in the following year.

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

1. Germany (1004.7 tons)

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

In 2022, the amount of powdered sweetened milk and cream of fat weight content over 1.5% imported into Austria reduced slightly to 102 tons, which is down by -3.9% compared with 2021. Over the period under review, imports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 43%.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% stood at $599K in 2022. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 76% against the previous year.

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

1. Germany (65.8 tons)
2. Poland (19.3 tons)
3. Italy (11.4 tons)
4. Slovakia (3.1 tons)
5. Netherlands (2.0 tons)

Source: IndexBox Market Intelligence Platform