Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Myanmar - 2023
Contents:
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Myanmar (CIF) - 2022
- Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Myanmar
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Myanmar (CIF) - 2022
The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $7,712 per ton in 2022, waning by -37.3% against the previous year. Overall, the import price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 64% against the previous year. The import price peaked at $12,309 per ton in 2021, and then contracted significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($15,700 per ton), while the price for China ($5,397 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Myanmar
Imports of powdered sweetened milk and cream of fat weight content over 1.5% into Myanmar fell sharply to 224 tons in 2022, dropping by -16.4% on 2021. Over the period under review, imports recorded a dramatic setback.
In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% shrank markedly to $1.7M in 2022. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of $3.3M, and then shrank rapidly in the following year.
| Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,593 | 2,107 | 2,777 | 1,313 | -6.2% |
| China | 1,222 | 581 | 475 | 400 | -31.1% |
| Indonesia | 240 | 222 | 38.8 | N/A | -59.8% |
| Others | 0.7 | 0.2 | 3.6 | 12.7 | 162.8% |
| Total | 3,056 | 2,911 | 3,295 | 1,725 | -17.4% |
Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to Myanmar in 2022:
- Thailand (148.2 tons)
- China (74.1 tons)
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