Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia - 2024
Contents:
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia (FOB) - 2024
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia (CIF) - 2024
- Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia
- Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia (FOB) - 2024
The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $6,547 per ton in May 2024, dropping by -46.3% against the previous month. In general, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in April 2024 when the average export price increased by 136% against the previous month. As a result, the export price attained the peak level of $12,190 per ton, and then reduced remarkably in the following month.
Average prices varied noticeably for the major export markets. In May 2024, the country with the highest price was Singapore ($6,585 per ton), while the average price for exports to Indonesia stood at $6,316 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia (CIF) - 2024
The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $3,932 per ton in May 2024, increasing by 5.4% against the previous month. In general, the import price, however, saw a noticeable downturn. The pace of growth appeared the most rapid in December 2023 an increase of 620% month-to-month. As a result, import price attained the peak level of $24,481 per ton. From January 2024 to May 2024, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In May 2024, the country with the highest price was Thailand ($4,396 per ton), while the price for the United States ($2,946 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Thailand (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia
In 2022, exports of powdered sweetened milk and cream of fat weight content over 1.5% from Malaysia skyrocketed to 2.7K tons, jumping by 69% compared with 2021. In general, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% skyrocketed to $17M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 0.6 | 0.7 | 0.1 | 2.9 | 69.1% |
| Thailand | N/A | 0.2 | 1.1 | 2.1 | 224.0% |
| Singapore | 4.4 | 3.8 | 4.0 | 2.0 | -23.1% |
| Angola | N/A | N/A | 0.2 | 0.9 | 350.0% |
| Indonesia | 0.4 | 0.7 | 0.9 | 0.5 | 7.7% |
| Bangladesh | N/A | N/A | N/A | 0.2 | 0% |
| Others | 6.3 | 6.2 | 6.8 | 8.8 | 11.8% |
| Total | 11.8 | 11.7 | 13.1 | 17.5 | 14.0% |
Top Export Markets for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% from Malaysia in 2022:
- Thailand (467.8 tons)
- Hong Kong SAR (364.8 tons)
- Angola (193.0 tons)
- Singapore (188.5 tons)
- Indonesia (67.6 tons)
- Bangladesh (55.2 tons)
Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia
For the third consecutive year, Malaysia recorded decline in supplies from abroad of powdered sweetened milk and cream of fat weight content over 1.5%, which decreased by -2.6% to 1.5K tons in 2022. Over the period under review, imports faced a abrupt setback.
In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% expanded remarkably to $6.3M in 2022. In general, imports showed a deep reduction.
| Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 770 | 0% |
| New Zealand | 2,384 | 1,185 | 578 | 723 | -32.8% |
| United States | 14.2 | 69.9 | 268 | 586 | 245.6% |
| Australia | 684 | 387 | 281 | 378 | -17.9% |
| Netherlands | 427 | 691 | 928 | 373 | -4.4% |
| Uruguay | N/A | N/A | N/A | 92.8 | 0% |
| Thailand | 13.1 | 82.1 | 362 | 92.8 | 92.1% |
| France | 276 | 238 | 95.6 | 71.2 | -36.3% |
| Others | 4,076 | 3,391 | 3,160 | 3,249 | -7.3% |
| Total | 7,875 | 6,044 | 5,672 | 6,334 | -7.0% |
Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to Malaysia in 2022:
- Netherlands (213.4 tons)
- Poland (154.0 tons)
- New Zealand (133.3 tons)
- United States (114.9 tons)
- Australia (46.7 tons)
- Uruguay (25.0 tons)
- Thailand (22.4 tons)
- France (18.4 tons)
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