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

Contents:

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

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

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $4,103 per ton in 2022, shrinking by -5.9% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average import price increased by 69%. The import price peaked at $4,984 per ton in 2017; however, from 2018 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 Lithuania ($10,600 per ton), while the price for Latvia ($3,952 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.1%), 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 Estonia (FOB) - 2022

The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $5,454 per ton in 2022, reducing by -25.5% against the previous year. In general, the export price, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2016 an increase of 119%. The export price peaked at $7,323 per ton in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($18,788 per ton), while the average price for exports to Norway ($4,633 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 the Netherlands (+23.7%), 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 Estonia

In 2022, the amount of powdered sweetened milk and cream of fat weight content over 1.5% imported into Estonia surged to 250 tons, increasing by 35% on the year before. Overall, imports, however, faced a abrupt decrease.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% skyrocketed to $1M in 2022. Over the period under review, imports, however, faced a deep downturn.

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

1. Latvia (228.3 tons)
2. Finland (22.1 tons)

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

Exports of powdered sweetened milk and cream of fat weight content over 1.5% from Estonia soared to 630 kg in 2022, jumping by 18% on the year before. Overall, exports, however, continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 1,336% against the previous year. As a result, the exports attained the peak of 23 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% contracted to $3.4K in 2022. In general, exports, however, continue to indicate a sharp downturn. The growth pace was the most rapid in 2020 with an increase of 1,422%. As a result, the exports attained the peak of $150K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Norway (460.0 kg)
2. Finland (137.0 kg)
3. Lithuania (33.0 kg)

Source: IndexBox Market Intelligence Platform