Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Iraq - 2022
Contents:
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Iraq (CIF) - 2022
- Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Iraq
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Iraq (CIF) - 2022
In 2022, the average import price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $4,739 per ton, falling by -3.1% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for powdered sweetened milk and cream of fat weight content over 1.5% decreased by -4.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $5,421 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($7,495 per ton), while the price for India ($3,188 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+41.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Iraq
Imports of powdered sweetened milk and cream of fat weight content over 1.5% into Iraq dropped remarkably to 283 tons in 2022, with a decrease of -75% on 2021. In general, imports faced a dramatic setback. The smallest decline of -15.1% was in 2020.
In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% fell dramatically to $1.3M in 2022. Overall, imports faced a precipitous descent. The smallest decline of -16.5% was in 2021.
| Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 4.7 | 6.0 | 2.1 | 0.7 | -47.0% |
| United Kingdom | N/A | N/A | 1.0 | 0.3 | -70.0% |
| United Arab Emirates | 3.2 | 0.5 | 0.8 | 0.2 | -60.3% |
| India | N/A | N/A | 0.3 | 0.2 | -33.3% |
| Indonesia | N/A | N/A | N/A | 0.1 | 0% |
| France | N/A | N/A | 1.3 | N/A | 0% |
| Saudi Arabia | 1.2 | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | 0.1 | N/A | -29.3% |
| Total | 9.4 | 6.6 | 5.5 | 1.3 | -48.3% |
Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to Iraq in 2022:
- Egypt (134.8 tons)
- United Arab Emirates (54.7 tons)
- India (49.5 tons)
- United Kingdom (35.1 tons)
- Indonesia (8.1 tons)
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