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

Contents:

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

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

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $6,927 per ton in 2022, with an increase of 15% against the previous year. In general, the import price continues to indicate a slight expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 82%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the Czech Republic ($16,128 per ton), while the price for Slovakia ($5,081 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.9%), 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 Hungary (FOB) - 2022

In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $9,479 per ton, growing by 98% against the previous year. In general, the export price showed a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($12,743 per ton), while the average price for exports to Romania ($4,200 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 Czech Republic (+12.9%), 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 Hungary

Imports of powdered sweetened milk and cream of fat weight content over 1.5% into Hungary plummeted to 50 tons in 2022, falling by -51.2% on 2021. Over the period under review, imports recorded a sharp decrease. The growth pace was the most rapid in 2021 when imports increased by 31%.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% dropped sharply to $348K in 2022. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of $619K, and then reduced sharply in the following year.

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

1. Slovakia (17.5 tons)
2. Germany (16.2 tons)
3. Netherlands (15.9 tons)
4. Czech Republic (0.7 tons)

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

In 2022, approx. 862 kg of powdered sweetened milk and cream of fat weight content over 1.5% were exported from Hungary; which is down by -87.5% against 2021 figures. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 1,516% against the previous year. As a result, the exports reached the peak of 6.9 tons, and then declined remarkably in the following year.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% reduced markedly to $8.2K in 2022. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,712%. As a result, the exports attained the peak of $33K, and then shrank markedly in the following year.

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

1. Slovakia (387.0 kg)
2. Czech Republic (226.0 kg)
3. Netherlands (122.0 kg)
4. Poland (93.0 kg)
5. Egypt (20.0 kg)
6. Romania (5.0 kg)

Source: IndexBox Market Intelligence Platform