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

Contents:

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

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

In 2022, the average import price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $1,282 per ton, flattening at the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of 38%. Over the period under review, average import prices attained the maximum at $7,202 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Egypt ($2,552 per ton), while the price for France stood at $1,144 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-5.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $5,505 per ton, growing by 29% against the previous year. In general, the export price, however, continues to indicate a slight decrease. Over the period under review, the average export prices hit record highs at $7,307 per ton in 2016; however, from 2017 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 Mauritania ($9,486 per ton), while the average price for exports to Mali amounted to $3,381 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+8.3%).

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

In 2022, purchases abroad of powdered sweetened milk and cream of fat weight content over 1.5% decreased by 0% to 3.7 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 285%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% stood at $4.8K in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 432%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Egypt0.21.6N/A4.5182.3%
France0.10.2N/A0.10.0%
OthersN/AN/AN/A0.20%
Total0.41.9N/A4.8128.9%

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

  1. Egypt (1.8 tons)
  2. France (0.1 tons)

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

In 2022, exports of powdered sweetened milk and cream of fat weight content over 1.5% from Morocco skyrocketed to 103 kg, growing by 232% compared with the previous year's figure. Overall, exports saw a significant expansion. As a result, the exports reached 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% surged to $567 in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained 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 Morocco (USD)
COUNTRY20212022CAGR,
2021-2022
Mauritania98.0351258.2%
Mali30.0213610.0%
Others4.03.0-25.0%
Total132567329.5%

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

  1. Mali (63.0 kg)
  2. Mauritania (37.0 kg)

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) - Morocco