Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Colombia - 2024

Contents:

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

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

In 2022, the average import price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $4,324 per ton, picking up by 36% against the previous year. In general, the import price, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by 167% against the previous year. As a result, import price reached the peak level of $13,289 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ecuador ($4,641 per ton), while the price for Ireland ($3,752 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+20.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $5,572 per ton, rising by 13% against the previous year. In general, the export price, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 431%. As a result, the export price reached the peak level of $46,000 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($13,141 per ton), while the average price for exports to Trinidad and Tobago ($5,013 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 Trinidad and Tobago (+13.0%), 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 Colombia

In 2022, overseas purchases of powdered sweetened milk and cream of fat weight content over 1.5% were finally on the rise to reach 754 tons after two years of decline. In general, imports, however, showed a drastic downturn.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% skyrocketed to $3.3M in 2022. Over the period under review, imports recorded modest growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Ecuador (214.9 tons)
2. Ireland (124.3 tons)
3. Spain (37.3 tons)

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

In 2022, overseas shipments of powdered sweetened milk and cream of fat weight content over 1.5% decreased by -8.1% to 57 tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 70,504% against the previous year. As a result, the exports attained the peak of 165 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% expanded to $319K in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 26,651%. As a result, the exports reached the peak of $673K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Trinidad and Tobago (19.4 tons)
2. Aruba (7.5 tons)
3. Spain (1.7 tons)

Source: IndexBox Market Intelligence Platform