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

Contents:

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

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

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $3,356 per ton in 2022, picking up by 27% against the previous year. In general, the import price showed strong growth. The growth pace was the most rapid in 2017 when the average import price increased by 62% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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 Argentina ($7,159 per ton), while the price for Germany ($589 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+12.2%), 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 Ghana (FOB) - 2022

In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $394 per ton, falling by -9% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 an increase of 126%. As a result, the export price reached the peak level of $6,702 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($1,245 per ton), while the average price for exports to Japan ($152 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 Senegal (+7.0%), 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 Ghana

In 2022, supplies from abroad of powdered sweetened milk and cream of fat weight content over 1.5% decreased by -1.8% to 1.9K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a significant increase.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% soared to $6.4M in 2022. In general, imports, however, posted a significant expansion. 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 Ghana in 2022:

1. New Zealand (322.8 tons)
2. Netherlands (215.8 tons)
3. Nigeria (164.6 tons)
4. Argentina (63.9 tons)
5. Spain (58.4 tons)
6. Belgium (44.1 tons)
7. Uruguay (24.8 tons)
8. Togo (15.0 tons)
9. United Kingdom (4.3 tons)
10. Germany (0.7 tons)
11. Denmark (0.1 tons)

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

After two years of decline, overseas shipments of powdered sweetened milk and cream of fat weight content over 1.5% decreased by -64.5% to 8.5 tons in 2022. Overall, exports continue to indicate a sharp setback.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% reduced notably to $3.4K in 2022. In general, exports continue to indicate a sharp downturn.

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

1. Japan (0.9 tons)
2. Cote d'Ivoire (0.6 tons)
3. United States (0.1 tons)
4. United Kingdom (0.1 tons)

Source: IndexBox Market Intelligence Platform