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

Contents:

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

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

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $3,679 per ton in 2022, which is down by -49.8% against the previous year. Over the period under review, the import price saw a deep slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 360%. The import price peaked at $17,395 per ton in 2015; however, from 2016 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 Germany ($13,400 per ton), while the price for Latvia ($2,133 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+13.2%), 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 Finland (FOB) - 2022

In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $15,353 per ton, reducing by -22% against the previous year. In general, the export price, however, continues to indicate notable growth. The pace of growth was the most pronounced in 2013 an increase of 54%. The export price peaked at $30,775 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($18,875 per ton), while the average price for exports to China ($11,531 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 Estonia (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of powdered sweetened milk and cream of fat weight content over 1.5% imported into Finland expanded remarkably to 15 tons, picking up by 9.9% on the previous year's figure. Overall, imports, however, continue to indicate a pronounced descent.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% fell significantly to $56K in 2022. In general, imports, however, faced a precipitous shrinkage. The smallest decline of -22.2% was in 2021.

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

1. Latvia (8.6 tons)
2. Netherlands (2.9 tons)
3. Estonia (1.8 tons)
4. France (1.8 tons)

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

Exports of powdered sweetened milk and cream of fat weight content over 1.5% from Finland dropped notably to 207 kg in 2022, waning by -82% on the previous year. Overall, exports recorded a sharp slump. The smallest decline of -21.9% was in 2021.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% shrank remarkably to $3.2K in 2022. Over the period under review, exports recorded a sharp decrease. The smallest decline of -21.1% was in 2021.

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

1. Sweden (104.0 kg)
2. Estonia (56.0 kg)
3. China (32.0 kg)
4. Latvia (15.0 kg)

Source: IndexBox Market Intelligence Platform