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

Contents:

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

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

In 2022, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,986 per ton, rising by 13% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $4,442 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($4,991 per ton) and Chile ($4,837 per ton), while the price for Ireland ($3,381 per ton) and Argentina ($3,944 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $2,494 per ton in 2022, dropping by -14.7% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 48% against the previous year. The export price peaked at $4,510 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($4,774 per ton), while the average price for exports to Mauritania ($1,671 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 Libya (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Algeria

In 2022, imports of powdered unsweetened milk and cream of fat weight content over 1.5% into Algeria expanded significantly to 247K tons, increasing by 13% compared with 2021 figures. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% soared to $986M in 2022. The total import value increased at an average annual rate of +12.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. New Zealand (105.9K tons)
2. Argentina (73.9K tons)
3. Uruguay (40.4K tons)
4. Chile (7.6K tons)
5. France (1.7K tons)
6. Belgium (1.2K tons)

Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Algeria

In 2022, shipments abroad of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -31.2% to 84 tons, falling for the second year in a row after two years of growth. In general, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2020 when exports increased by 6.4% against the previous year. As a result, the exports attained the peak of 276 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% contracted sharply to $210K in 2022. Overall, exports saw a significant decline. The smallest decline of -12.1% was in 2020.

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

1. Niger (39.4 tons)
2. Mauritania (28.4 tons)
3. Mali (8.5 tons)
4. Libya (8.0 tons)

Source: IndexBox Market Intelligence Platform