Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Oman - 2022

Contents:

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

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

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $1,300 per ton in 2022, stabilizing at the previous year. In general, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 54%. Over the period under review, average import prices hit record highs at $3,106 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 India ($15,430 per ton), while the price for the United Arab Emirates ($608 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $5,070 per ton, increasing by 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2017 an increase of 14%. The export price peaked at $5,566 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($5,622 per ton), while the average price for exports to Yemen ($1,582 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-0.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of powdered sweetened milk and cream of fat weight content over 1.5% imported into Oman skyrocketed to 4.7K tons, rising by 83% on the previous year's figure. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 609% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% skyrocketed to $6.1M in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 441%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. United Arab Emirates (3346.2 tons)
2. Netherlands (287.2 tons)
3. Germany (79.1 tons)
4. New Zealand (75.9 tons)
5. Malaysia (67.0 tons)
6. Saudi Arabia (59.8 tons)

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

In 2022, approx. 1.1K tons of powdered sweetened milk and cream of fat weight content over 1.5% were exported from Oman; with a decrease of -23% against the year before. Over the period under review, exports showed a dramatic slump. The smallest decline of -11.6% was in 2021.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% shrank remarkably to $5.7M in 2022. Overall, exports faced a precipitous setback. The smallest decline of -13.2% was in 2021.

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

1. Maldives (664.3 tons)
2. Saudi Arabia (308.2 tons)
3. United Arab Emirates (56.9 tons)
4. Yemen (26.6 tons)

Source: IndexBox Market Intelligence Platform