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

Contents:

1. Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Czech Republic (FOB) - 2024
2. Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Czech Republic (CIF) - 2022
3. Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Czech Republic
4. Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Czech Republic

Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Czech Republic (FOB) - 2024

The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $4,271 per ton in March 2024, approximately reflecting the previous month. In general, the export price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in January 2024 an increase of 31% against the previous month. As a result, the export price attained the peak level of $6,188 per ton. From February 2024 to March 2024, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In March 2024, the country with the highest price was Poland ($4,922 per ton), while the average price for exports to Slovakia stood at $4,204 per ton.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.6%).

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

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $6,364 per ton in 2022, with an increase of 9.1% against the previous year. Overall, the import price recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 162%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($12,154 per ton), while the price for France ($2,012 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Czech Republic

For the third consecutive year, the Czech Republic recorded decline in shipments abroad of powdered sweetened milk and cream of fat weight content over 1.5%, which decreased by -31.9% to 846 tons in 2022. Over the period under review, exports continue to indicate a precipitous contraction. The smallest decline of -5.5% was in 2021.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% reduced notably to $4M in 2022. Overall, exports showed a sharp descent. The pace of growth was the most pronounced in 2021 when exports increased by 3.8% against the previous year.

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

1. Slovakia (689.2 tons)
2. Poland (131.0 tons)
3. Sweden (12.4 tons)

Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Czech Republic

In 2022, approx. 230 tons of powdered sweetened milk and cream of fat weight content over 1.5% were imported into the Czech Republic; with an increase of 8.8% against the previous year's figure. In general, imports, however, recorded a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of 79%.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% surged to $1.5M in 2022. Overall, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Germany (97.1 tons)
2. Austria (59.2 tons)
3. Slovakia (39.9 tons)
4. United Kingdom (13.2 tons)
5. Slovenia (7.5 tons)
6. Spain (4.6 tons)
7. Poland (3.5 tons)
8. France (3.3 tons)

Source: IndexBox Market Intelligence Platform