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

Contents:

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

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

The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $2,448 per ton in 2022, jumping by 77% against the previous year. Over the period under review, the export price posted moderate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Kyrgyzstan amounted to +10.2% per year.

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

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $2,549 per ton in 2022, falling by -47.9% against the previous year. In general, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 65%. As a result, import price reached the peak level of $4,891 per ton, and then declined dramatically in the following year.

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 Italy ($8,191 per ton), while the price for Armenia ($1,088 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (-0.4%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the amount of powdered sweetened milk and cream of fat weight content over 1.5% exported from Russia skyrocketed to 28 tons, jumping by 91% on 2021 figures. Overall, exports, however, saw a deep contraction.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% surged to $68K in 2022. Over the period under review, exports recorded a strong expansion. As a result, the exports attained 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 Russia in 2022:

1. Kazakhstan (27.6 tons)

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

For the third consecutive year, Russia recorded decline in supplies from abroad of powdered sweetened milk and cream of fat weight content over 1.5%, which decreased by -81.2% to 3.8 tons in 2022. Overall, imports faced a dramatic descent. The smallest decline of -68.6% was in 2020.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% dropped sharply to $9.8K in 2022. In general, imports showed a sharp decline. The smallest decline of -50.2% was in 2021.

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

1. Armenia (3.0 tons)
2. Italy (0.7 tons)
3. Germany (0.1 tons)

Source: IndexBox Market Intelligence Platform