Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the UK - 2024
Contents:
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the UK (CIF) - 2024
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the UK (FOB) - 2024
- Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the UK
- Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the UK
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the UK (CIF) - 2024
The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $4,109 per ton in April 2024, which is down by -30.7% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 when the average import price increased by 82% m-o-m. The import price peaked at $6,558 per ton in November 2023; however, from December 2023 to April 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($17,387 per ton), while the price for Ireland ($3,110 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the UK (FOB) - 2024
In April 2024, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $11,657 per ton, shrinking by -20.9% against the previous month. Overall, the export price, however, saw a resilient increase. The pace of growth appeared the most rapid in May 2023 an increase of 257% m-o-m. The export price peaked at $24,446 per ton in December 2023; however, from January 2024 to April 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($21,601 per ton), while the average price for exports to the United Arab Emirates ($1,536 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the UK
In 2022, after three years of growth, there was significant decline in supplies from abroad of powdered sweetened milk and cream of fat weight content over 1.5%, when their volume decreased by -57.8% to 11K tons. In general, imports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2020 when imports increased by 95% against the previous year.
In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% soared to $112M in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 136%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 5.0 | 30.0 | 37.2 | 44.5 | 107.2% |
| France | 8.0 | 2.5 | 2.5 | 11.0 | 11.2% |
| Germany | 2.3 | 3.9 | 0.7 | 0.4 | -44.2% |
| Belgium | N/A | 0.1 | 1.8 | N/A | 1700.0% |
| Netherlands | 1.0 | 2.5 | 2.8 | N/A | 67.3% |
| Others | 16.8 | 39.2 | 45.4 | 56.3 | 49.6% |
| Total | 33.2 | 78.1 | 90.4 | 112 | 50.0% |
Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to the UK in 2022:
- Ireland (8.3K tons)
- France (2.3K tons)
- Germany (0.1K tons)
Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the UK
In 2022, overseas shipments of powdered sweetened milk and cream of fat weight content over 1.5% were finally on the rise to reach 5.8K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a precipitous slump.
In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% surged to $84M in 2022. Over the period under review, exports saw moderate growth. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 1.5 | 0.8 | 31.9 | 361.2% |
| Czech Republic | N/A | N/A | 4.2 | 8.0 | 90.5% |
| Netherlands | 12.5 | 7.5 | 0.6 | 0.3 | -71.2% |
| Germany | 2.6 | 1.9 | N/A | 0.1 | -66.2% |
| Ireland | 8.3 | 4.8 | 0.5 | 0.1 | -77.1% |
| Belgium | 1.3 | N/A | N/A | N/A | 0% |
| Poland | 0.5 | 0.8 | N/A | N/A | 60.0% |
| Others | 48.4 | 21.9 | 10.7 | 44.2 | -3.0% |
| Total | 73.7 | 38.4 | 16.8 | 84.5 | 4.7% |
Top Export Markets for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% from the UK in 2022:
- United States (2310.9 tons)
- Czech Republic (705.7 tons)
- Netherlands (167.3 tons)
- Ireland (27.8 tons)
- Germany (16.0 tons)
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