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

Contents:

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

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

In 2022, the average import price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $3,267 per ton, surging by 4.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 22% against the previous year. The import price peaked in 2022 and is likely to continue 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 Australia ($3,882 per ton), while the price for the United States ($908 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $15,292 per ton, with a decrease of -45.6% against the previous year. Over the period under review, the export price showed a slight downturn. The pace of growth appeared the most rapid in 2021 an increase of 55% against the previous year. As a result, the export price reached the peak level of $28,108 per ton, and then declined significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($26,066 per ton), while the average price for exports to Taiwan (Chinese) ($10,506 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 Macao SAR (+12.4%), 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 Japan

In 2022, imports of powdered sweetened milk and cream of fat weight content over 1.5% into Japan rose sharply to 4.3K tons, picking up by 5.4% compared with the previous year's figure. In general, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 9.4%.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% amounted to $14M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 34%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Singapore (4.0K tons)
2. Australia (0.3K tons)

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

In 2022, approx. 48 tons of powdered sweetened milk and cream of fat weight content over 1.5% were exported from Japan; rising by 19% compared with the previous year's figure. Over the period under review, exports, however, saw a perceptible decline. The growth pace was the most rapid in 2021 when exports increased by 2,132%.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% dropped notably to $728K in 2022. Overall, exports, however, saw a noticeable reduction. The growth pace was the most rapid in 2021 when exports increased by 3,366% against the previous year. As a result, the exports attained the peak of $1.1M, and then contracted markedly in the following year.

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

1. China (13.9 tons)
2. Hong Kong SAR (7.7 tons)
3. Vietnam (1.0 tons)
4. Philippines (0.8 tons)
5. Taiwan (Chinese) (0.2 tons)

Source: IndexBox Market Intelligence Platform