Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Luxembourg - 2023

Contents:

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

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

The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $17,291 per ton in 2022, falling by -5.1% against the previous year. Over the period under review, the export price continues to indicate a slight downturn. The growth pace was the most rapid in 2021 when the average export price increased by 5.5%. Over the period under review, the average export prices reached the maximum at $20,937 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +17.8% per year.

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

In 2022, the average import price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $9,619 per ton, flattening at the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.4% 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% increased by +14.9% against 2020 indices. The growth pace was the most rapid in 2017 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $10,406 per ton. From 2018 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 Germany ($17,165 per ton), while the price for Portugal ($1,049 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of powdered sweetened milk and cream of fat weight content over 1.5% from Luxembourg declined to 64 tons, with a decrease of -13.7% on the year before. Overall, exports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% declined markedly to $1.1M in 2022. In general, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year.

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

1. Belgium (64.4 tons)

Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Luxembourg

For the third year in a row, Luxembourg recorded decline in supplies from abroad of powdered sweetened milk and cream of fat weight content over 1.5%, which decreased by -16.3% to 90 tons in 2022. Over the period under review, imports recorded a precipitous shrinkage.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% dropped notably to $869K in 2022. Overall, imports recorded a sharp downturn. The smallest decline of -10.6% was in 2021.

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

1. Belgium (66.5 tons)
2. France (11.6 tons)
3. Portugal (6.6 tons)
4. Germany (5.1 tons)

Source: IndexBox Market Intelligence Platform