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

Contents:

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

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

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $2,525 per ton in 2022, which is down by -4.3% against the previous year. Overall, the import price recorded a noticeable slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 26% against the previous year. The import price peaked at $5,784 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 United Arab Emirates ($7,361 per ton), while the price for Australia ($1,699 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.0%), while the prices for the other major suppliers experienced a decline.

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

The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $7,096 per ton in 2022, growing by 1.9% against the previous year. Over the period under review, the export price posted a notable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 128% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($10,313 per ton), while the average price for exports to Malaysia ($3,667 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of powdered sweetened milk and cream of fat weight content over 1.5% was finally on the rise to reach 286 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a deep slump.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% surged to $722K in 2022. Over the period under review, imports, however, saw a precipitous shrinkage.

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

1. Australia (134.6 tons)
2. Philippines (56.9 tons)
3. India (49.5 tons)
4. Malaysia (32.9 tons)
5. United Kingdom (8.6 tons)
6. United Arab Emirates (1.4 tons)

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

In 2022, shipments abroad of powdered sweetened milk and cream of fat weight content over 1.5% decreased by -41% to 2 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. As a result, the exports reached the peak of 3.5 tons, and then declined remarkably in the following year.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% declined remarkably to $15K in 2022. Overall, exports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. As a result, the exports attained the peak of $24K, and then fell markedly in the following year.

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

1. Nepal (1397.0 kg)
2. Brunei Darussalam (649.0 kg)

Source: IndexBox Market Intelligence Platform