Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Panama - 2024

Contents:

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

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

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $4,581 per ton in 2022, with an increase of 28% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for powdered sweetened milk and cream of fat weight content over 1.5% increased by +46.0% against 2019 indices. The import price peaked at $4,995 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 countries with the highest prices were the United States ($5,066 per ton) and the Netherlands ($5,049 per ton), while the price for New Zealand ($4,401 per ton) and Uruguay ($4,625 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+6.7%), 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 Panama (FOB) - 2022

The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $4,546 per ton in 2022, growing by 16% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 206% against the previous year. The export price peaked at $7,601 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to -5.5% per year.

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

Imports of powdered sweetened milk and cream of fat weight content over 1.5% into Panama amounted to 9K tons in 2022, surging by 15% against 2021 figures. The total import volume increased at an average annual rate of +14.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year. Over the period under review, imports of reached the peak figure 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% soared to $41M in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Uruguay (2.4K tons)
2. New Zealand (1.7K tons)
3. Netherlands (0.3K tons)
4. United States (0.1K tons)
5. Ireland (0.1K tons)

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

In 2022, approx. 22 tons of powdered sweetened milk and cream of fat weight content over 1.5% were exported from Panama; surging by 16,377% against 2021 figures. Over the period under review, exports recorded significant growth.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% surged to $100K in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Bolivia (22.1 tons)

Source: IndexBox Market Intelligence Platform