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

Contents:

  1. Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Lithuania (CIF) - 2024
  2. Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Lithuania (FOB) - 2022
  3. Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Lithuania
  4. Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Lithuania

Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Lithuania (CIF) - 2024

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $3,264 per ton in March 2024, with a decrease of -11% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 77% month-to-month. As a result, import price reached the peak level of $6,066 per ton. From September 2023 to March 2024, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Latvia ($7,970 per ton), while the price for the Netherlands ($2,434 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Latvia (+2.6%), 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 Lithuania (FOB) - 2022

The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $3,980 per ton in 2022, rising by 73% against the previous year. Overall, the export price recorded a temperate increase. The most prominent rate of growth was recorded in 2017 an increase of 167% against the previous year. The export price peaked at $5,671 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Romania ($5,745 per ton), while the average price for exports to Moldova ($1,183 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 Bulgaria (+23.3%), 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 Lithuania

Imports of powdered sweetened milk and cream of fat weight content over 1.5% into Lithuania declined markedly to 315 tons in 2022, reducing by -25% compared with the year before. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 57%.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% plummeted to $934K in 2022. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year.

Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Latvia422411405406-1.3%
Netherlands22733557130910.8%
Poland12.635.5150136121.0%
IrelandN/AN/AN/A54.60%
Estonia10.224.321.422.029.2%
Germany68.2N/AN/A2.1-68.7%
Others7586.972.04.8-81.5%
Total1,4988131,220934-14.6%

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

  1. Netherlands (153.1 tons)
  2. Latvia (67.6 tons)
  3. Poland (42.9 tons)
  4. Ireland (41.4 tons)
  5. Estonia (5.7 tons)
  6. Germany (0.8 tons)

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

Exports of powdered sweetened milk and cream of fat weight content over 1.5% from Lithuania skyrocketed to 22 tons in 2022, rising by 151% against the year before. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 265% against the previous year. As a result, the exports reached the peak of 43 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% skyrocketed to $87K in 2022. In general, exports continue to indicate significant growth.

Export of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RomaniaN/AN/AN/A54.10%
Estonia4.77.66.411.835.9%
United Kingdom3.28.14.310.046.2%
Greece4.61.85.63.8-6.2%
MoldovaN/AN/AN/A3.20%
Latvia0.60.90.61.329.4%
BangladeshN/A39.9N/AN/A0%
Czech RepublicN/A29.9N/AN/A0%
Others13.61.03.22.9-40.3%
Total26.889.220.187.248.2%

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

  1. Romania (9.4 tons)
  2. Estonia (3.9 tons)
  3. United Kingdom (3.5 tons)
  4. Moldova (2.7 tons)
  5. Greece (1.6 tons)
  6. Latvia (0.4 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Dairy produce; milk and cream, containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) - Lithuania