Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand - 2024
Contents:
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand (FOB) - 2024
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand (CIF) - 2022
- Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand
- Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand (FOB) - 2024
The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $4,853 per ton in May 2024, shrinking by -25.6% against the previous month. Over the period under review, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 98% month-to-month. As a result, the export price reached the peak level of $11,846 per ton. From August 2023 to May 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In May 2024, the country with the highest price was Marshall Islands ($10,623 per ton), while the average price for exports to China ($4,010 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+60.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand (CIF) - 2022
The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $6,478 per ton in 2022, rising by 225% against the previous year. In general, the import price, however, recorded a mild downturn. Over the period under review, average import prices reached the peak figure at $9,779 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($7,088 per ton), while the price for Australia ($5,944 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.5%), 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 New Zealand
In 2022, shipments abroad of powdered sweetened milk and cream of fat weight content over 1.5% decreased by -65.6% to 3K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 84% against the previous year. As a result, the exports attained the peak of 20K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% shrank sharply to $34M in 2022. Over the period under review, exports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 48% against the previous year. As a result, the exports attained the peak of $162M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.9 | 75.1 | 36.6 | 15.7 | -28.5% |
| Australia | 0.7 | 0.3 | 0.1 | 0.7 | 0.0% |
| South Korea | 9.0 | 5.0 | 1.5 | N/A | -59.2% |
| Others | 57.1 | 82.0 | 41.0 | 17.7 | -32.3% |
| Total | 110 | 162 | 79.2 | 34.2 | -32.3% |
Top Export Markets for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% from New Zealand in 2022:
- China (1.3K tons)
- Australia (0.1K tons)
Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand
After three years of growth, supplies from abroad of powdered sweetened milk and cream of fat weight content over 1.5% decreased by -82% to 40 tons in 2022. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 254%.
In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% shrank notably to $260K in 2022. Over the period under review, imports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 164% against the previous year. As a result, imports attained the peak of $1.3M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 164 | 425 | 173 | 75.8 | -22.7% |
| Philippines | 27.8 | 25.9 | 38.7 | 47.0 | 19.1% |
| Others | 317 | 892 | 232 | 137 | -24.4% |
| Total | 508 | 1,343 | 443 | 260 | -20.0% |
Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to New Zealand in 2022:
- Australia (12.8 tons)
- Philippines (6.6 tons)
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