Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Qatar - 2024
Contents:
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Qatar (CIF) - 2022
- Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Qatar
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Qatar (CIF) - 2022
The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $4,332 per ton in 2022, with an increase of 61% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +84.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($8,440 per ton), while the price for New Zealand ($3,277 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Qatar
In 2022, supplies from abroad of powdered sweetened milk and cream of fat weight content over 1.5% was finally on the rise to reach 70 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a dramatic contraction.
In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% surged to $304K in 2022. Over the period under review, imports, however, recorded a deep downturn.
| Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 90.1 | 115 | 18.7 | 94.5 | 1.6% |
| United States | N/A | N/A | 54.7 | 79.4 | 45.2% |
| Oman | N/A | N/A | N/A | 73.6 | 0% |
| Ireland | N/A | N/A | N/A | 34.4 | 0% |
| Switzerland | N/A | N/A | N/A | 21.9 | 0% |
| Malaysia | N/A | 69.7 | 25.1 | N/A | -64.0% |
| Poland | 112 | 122 | N/A | N/A | 8.9% |
| Singapore | 179 | N/A | N/A | N/A | 0% |
| Netherlands | 36.1 | 45.3 | N/A | N/A | 25.5% |
| Others | N/A | 22.0 | N/A | N/A | 0% |
| Total | 417 | 374 | 98.5 | 304 | -10.0% |
Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to Qatar in 2022:
- New Zealand (28.8 tons)
- Oman (14.6 tons)
- United States (10.5 tons)
- Ireland (8.5 tons)
- Switzerland (2.6 tons)
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