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

Contents:

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

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

The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $2,944 per ton in 2022, picking up by 64% against the previous year. In general, the export price continues to indicate a mild increase. Over the period under review, the average export prices attained the peak figure at $3,891 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 Azerbaijan ($4,808 per ton), while the average price for exports to Libya ($808 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 Ethiopia (+18.8%), 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 Turkey (CIF) - 2022

In 2022, the average import price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $1,853 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 49% against the previous year. Over the period under review, average import prices attained the maximum at $3,061 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 France ($5,000 per ton), while the price for Denmark ($192 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by France (+28.1%), 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 Turkey

In 2022, after three years of growth, there was significant decline in shipments abroad of powdered sweetened milk and cream of fat weight content over 1.5%, when their volume decreased by -26.6% to 167 tons. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, the exports reached the peak of 228 tons, and then reduced rapidly in the following year.

In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% surged to $492K in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Egypt (50.0 tons)
2. Libya (18.0 tons)
3. Ethiopia (5.0 tons)
4. Lebanon (3.1 tons)
5. Azerbaijan (3.1 tons)
6. Georgia (2.0 tons)
7. Cyprus (0.5 tons)

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

For the third year in a row, Turkey recorded decline in supplies from abroad of powdered sweetened milk and cream of fat weight content over 1.5%, which decreased by -88.2% to 258 kg in 2022. In general, imports recorded a precipitous setback. The smallest decline of -3.2% was in 2021.

In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% shrank dramatically to $478 in 2022. Overall, imports saw a dramatic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 2.7%.

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

1. Germany (39.0 kg)
2. Denmark (26.0 kg)
3. Netherlands (14.0 kg)
4. Malaysia (14.0 kg)
5. Saudi Arabia (7.0 kg)
6. Philippines (7.0 kg)
7. Austria (6.0 kg)
8. Pakistan (4.0 kg)

Source: IndexBox Market Intelligence Platform