Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal - 2024
Contents:
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal (CIF) - 2024
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal (FOB) - 2022
- Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal
- Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal (CIF) - 2024
In March 2024, the average import price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $7,052 per ton, picking up by 57% against the previous month. In general, the import price posted a tangible increase. The growth pace was the most rapid in December 2023 an increase of 92% against the previous month. Over the period under review, average import prices attained the maximum at $9,560 per ton in June 2023; however, from July 2023 to March 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($15,154 per ton), while the price for France ($1,249 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.4%), 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 Portugal (FOB) - 2022
The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $2,699 per ton in 2022, dropping by -30.1% against the previous year. Overall, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 an increase of 55%. As a result, the export price reached the peak level of $4,267 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($8,651 per ton), while the average price for exports to Cyprus ($787 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 Spain (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal
For the third consecutive year, Portugal recorded decline in overseas purchases of powdered sweetened milk and cream of fat weight content over 1.5%, which decreased by -13.8% to 701 tons in 2022. Overall, imports continue to indicate a sharp downturn.
In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% reduced to $2.4M in 2022. Over the period under review, imports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year.
| Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 830 | 1,198 | 1,535 | 1,409 | 19.3% |
| Spain | 1,809 | 868 | 845 | 766 | -24.9% |
| France | 227 | 49.9 | 36.4 | 208 | -2.9% |
| Italy | N/A | N/A | 3.3 | 37.2 | 1027.3% |
| Netherlands | N/A | 114 | 154 | 11.3 | -68.5% |
| Others | 2,949 | 5.3 | 1.3 | 1.0 | -93.0% |
| Total | 5,815 | 2,236 | 2,574 | 2,433 | -25.2% |
Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to Portugal in 2022:
- Spain (365.0 tons)
- Germany (172.1 tons)
- France (137.0 tons)
- Italy (20.9 tons)
- Netherlands (5.7 tons)
Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal
Exports of powdered sweetened milk and cream of fat weight content over 1.5% from Portugal soared to 240 tons in 2022, growing by 300% on 2021. Overall, exports recorded a prominent expansion. As a result, the exports attained 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 $647K in 2022. Over the period under review, exports showed a remarkable increase. 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 Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 37.4 | 10.0 | 18.5 | 349 | 110.5% |
| China | 0.1 | N/A | 71.6 | 146 | 1034.4% |
| Sao Tome and Principe | 15.2 | 16.7 | 39.8 | 32.1 | 28.3% |
| Cyprus | N/A | N/A | N/A | 30.7 | 0% |
| Guinea-Bissau | N/A | N/A | N/A | 27.0 | 0% |
| United Kingdom | 6.7 | 21.8 | 10.9 | 21.4 | 47.3% |
| Luxembourg | 4.4 | 9.9 | 10.4 | 11.7 | 38.5% |
| Spain | 69.9 | 142 | 36.0 | 0.5 | -80.7% |
| South Africa | 17.4 | N/A | N/A | N/A | 0% |
| Others | 268 | 39.8 | 44.2 | 29.6 | -52.0% |
| Total | 419 | 241 | 231 | 647 | 15.6% |
Top Export Markets for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% from Portugal in 2022:
- Angola (132.1 tons)
- Cyprus (38.9 tons)
- China (19.8 tons)
- United Kingdom (11.3 tons)
- Sao Tome and Principe (10.4 tons)
- Luxembourg (9.8 tons)
- Guinea-Bissau (9.4 tons)
- Spain (0.1 tons)
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