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

Contents:

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

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

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $2,353 per ton in 2022, with an increase of 84% against the previous year. In general, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of 141% against the previous year. The import price peaked at $2,412 per ton in 2017; afterwards, it flattened through to 2022.

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 Poland ($5,848 per ton), while the price for the Netherlands ($1,455 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+106.3%), 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 Azerbaijan (FOB) - 2022

In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $892 per ton, approximately mirroring the previous year. Overall, the export price faced a precipitous slump. The most prominent rate of growth was recorded in 2019 an increase of 0.7% against the previous year. Over the period under review, the average export prices reached the peak figure at $38,071 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2017 to 2022, the rate of growth in terms of prices for Georgia amounted to -52.8% per year.

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

In 2022, imports of powdered sweetened milk and cream of fat weight content over 1.5% into Azerbaijan declined remarkably to 16 tons, dropping by -27.6% against the previous year. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 865%. As a result, imports attained the peak of 22 tons, and then contracted rapidly in the following year.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% skyrocketed to $38K in 2022. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 834%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Netherlands (9.8 tons)
2. Turkey (3.4 tons)
3. Russia (2.0 tons)
4. Poland (0.3 tons)

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

In 2022, after two years of decline, there was decline in overseas shipments of powdered sweetened milk and cream of fat weight content over 1.5%, when their volume decreased by 0% to 29 tons. Overall, exports continue to indicate a dramatic curtailment. The smallest decline of 99.9% was in 2020.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% stood at $26K in 2022. Over the period under review, exports continue to indicate a dramatic contraction. The smallest decline of 99.9% was in 2020.

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

1. Georgia (14.7 tons)

Source: IndexBox Market Intelligence Platform