Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR - 2024
Contents:
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (FOB) - 2022
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (CIF) - 2022
- Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR
- Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $7,757 per ton, reducing by -7.4% against the previous year. In general, the export price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 45% against the previous year. The export price peaked at $9,838 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
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 China ($7,775 per ton), while the average price for exports to Macao SAR totaled $1,786 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.8%).
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (CIF) - 2022
The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $3,864 per ton in 2022, jumping by 17% against the previous year. In general, the import price recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 775%. As a result, import price attained the peak level of $22,841 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($19,723 per ton), while the price for Canada totaled $2,401 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+99.7%), while the prices for the other major suppliers experienced a decline.
Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in shipments abroad of powdered sweetened milk and cream of fat weight content over 1.5%, when their volume decreased by -38% to 438 tons. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 157% against the previous year.
In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% dropped notably to $3.4M in 2022. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 78% against the previous year.
Export of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.2 | 2.2 | 3.0 | 1.7 | 12.3% |
Others | 1.2 | 2.2 | 3.0 | 1.7 | 12.3% |
Total | 2.4 | 4.3 | 5.9 | 3.4 | 12.3% |
Top Export Markets for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% from Hong Kong SAR in 2022:
- China (218.2 tons)
Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR
In 2022, the amount of powdered sweetened milk and cream of fat weight content over 1.5% imported into Hong Kong SAR contracted significantly to 54 tons, declining by -37.7% compared with 2021. In general, imports saw a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of 4.4%.
In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% fell sharply to $210K in 2022. Over the period under review, imports faced a abrupt downturn. The smallest decline of -13.1% was in 2021.
Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 115 | 82.7 | 99.3 | 59.7 | -19.6% |
New Zealand | 84.5 | 82.0 | 45.1 | 45.2 | -18.8% |
Others | 200 | 167 | 144 | 105 | -19.3% |
Total | 399 | 332 | 289 | 210 | -19.3% |
Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to Hong Kong SAR in 2022:
- Canada (24.9 tons)
- New Zealand (2.3 tons)
This report provides an in-depth analysis of the powdered milk market in Hong Kong SAR, China.
This report provides an in-depth analysis of the whole powdered milk market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for evaporated and condensed milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the skim powdered milk market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the global powdered milk market.
This report provides an in-depth analysis of the global whole powdered milk market.
In January 2023, the price of Powdered Milk was $12,484 CIF (Cost, Insurance, Freight) per ton in Hong Kong, a decrease of -1.5% from the previous month.
From 2017 to 2023, the growth of imports for Evaporated And Condensed Milk remained modest, with import values reaching $143M in 2023.
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
Explore the world's best import markets for skim powdered milk and understand the key statistics and trends in the industry.
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
In January 2023, the price of Powdered Milk was $12,484 CIF (Cost, Insurance, Freight) per ton in Hong Kong, a decrease of -1.5% from the previous month.
From 2017 to 2023, the growth of imports for Evaporated And Condensed Milk remained modest, with import values reaching $143M in 2023.