Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the United Arab Emirates - 2022

Contents:

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

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

In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $2,770 per ton, picking up by 61% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. Over the period under review, the average export prices reached the peak figure at $4,673 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($9,118 per ton), while the average price for exports to Mauritania ($937 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 Guinea (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $3,229 per ton in 2022, increasing by 4.5% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.1% 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% decreased by -27.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 85% against the previous year. As a result, import price reached the peak level of $5,324 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($4,633 per ton), while the price for Malaysia ($1,178 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.5%), 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 United Arab Emirates

In 2022, the amount of powdered sweetened milk and cream of fat weight content over 1.5% exported from the United Arab Emirates reduced sharply to 4.8K tons, falling by -23.6% compared with the previous year. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 194% against the previous year. As a result, the exports reached the peak of 6.3K tons, and then shrank sharply in the following year.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% surged to $13M in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 110% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Oman (1604.4 tons)
2. China (181.8 tons)
3. Maldives (126.5 tons)
4. Angola (121.8 tons)
5. Somalia (107.2 tons)
6. Sudan (104.1 tons)
7. Mauritania (76.3 tons)
8. Mauritius (57.2 tons)
9. Guinea (55.5 tons)
10. Cote d'Ivoire (46.1 tons)
11. Gambia (29.3 tons)
12. Iraq (11.4 tons)

Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded decline in purchases abroad of powdered sweetened milk and cream of fat weight content over 1.5%, which decreased by -15.7% to 146 tons in 2022. Over the period under review, imports faced a sharp contraction.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% contracted to $470K in 2022. In general, imports recorded a sharp curtailment.

Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to the United Arab Emirates in 2022:

1. Australia (70.0 tons)
2. Germany (15.7 tons)
3. Netherlands (6.8 tons)
4. New Zealand (4.4 tons)
5. Chile (2.4 tons)
6. China (2.1 tons)
7. Belgium (2.0 tons)
8. Ireland (1.9 tons)
9. Oman (1.7 tons)
10. Sweden (1.7 tons)
11. Denmark (1.4 tons)
12. France (0.8 tons)
13. Italy (0.3 tons)

Source: IndexBox Market Intelligence Platform