Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Indonesia - 2022

Contents:

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

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

In 2022, the average import price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $5,683 per ton, with a decrease of -27.3% against the previous year. In general, the import price, however, continues to indicate a tangible increase. The growth pace was the most rapid in 2021 when the average import price increased by 88% against the previous year. As a result, import price reached the peak level of $7,817 per ton, and then declined notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($40,377 per ton), while the price for Thailand ($866 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+24.4%), 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 Indonesia (FOB) - 2022

In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $4,021 per ton, with a decrease of -41.2% against the previous year. Over the period under review, the export price, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of 77% against the previous year. The export price peaked at $6,840 per ton in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($7,627 per ton), while the average price for exports to Angola ($338 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 Myanmar (+2.3%), 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 Indonesia

In 2022, the amount of powdered sweetened milk and cream of fat weight content over 1.5% imported into Indonesia surged to 976 tons, increasing by 637% compared with the year before. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% surged to $5.5M in 2022. Over the period under review, imports continue to indicate 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 Indonesia in 2022:

1. Australia (925.7 tons)
2. Philippines (12.6 tons)
3. Malaysia (9.4 tons)

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

In 2022, shipments abroad of powdered sweetened milk and cream of fat weight content over 1.5% decreased by -89.7% to 89 tons, falling for the second consecutive year after two years of growth. In general, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 15%. As a result, the exports attained the peak of 2K 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 notably to $356K in 2022. Over the period under review, exports faced a sharp decline. The growth pace was the most rapid in 2020 with an increase of 4.1% against the previous year. As a result, the exports reached the peak of $11M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Philippines (38.3 tons)
2. Pakistan (26.9 tons)
3. Burkina Faso (6.4 tons)
4. Timor-Leste (4.3 tons)
5. Thailand (2.2 tons)
6. Myanmar (1.5 tons)
7. Angola (1.3 tons)
8. Comoros (1.0 tons)
9. Sri Lanka (0.6 tons)

Source: IndexBox Market Intelligence Platform