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

Contents:

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

Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Argentina (FOB) - 2024

In March 2024, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,441 per ton, surging by 1.7% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in December 2023 when the average export price increased by 2.8% month-to-month. Over the period under review, the average export prices attained the maximum at $3,977 per ton in June 2023; however, from July 2023 to March 2024, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In March 2024, the highest price was recorded for prices to Venezuela ($3,530 per ton) and Algeria ($3,460 per ton), while the average price for exports to Cameroon ($3,413 per ton) and Brazil ($3,422 per ton) were amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,559 per ton, rising by 11% against the previous year. Over the period under review, the import price posted a significant increase. The pace of growth was the most pronounced in 2013 an increase of 1,391% against the previous year. The import price peaked at $17,495 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Germany ($5,823 per ton), while the price for the United Arab Emirates ($3,514 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 303K tons of powdered unsweetened milk and cream of fat weight content over 1.5% were exported from Argentina; increasing by 18% against the previous year. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 53% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% skyrocketed to $1.2B in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 50% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

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

1. Algeria (79.3K tons)
2. Brazil (45.2K tons)
3. Peru (6.2K tons)
4. Cuba (4.4K tons)
5. China (2.9K tons)

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

For the third year in a row, Argentina recorded decline in purchases abroad of powdered unsweetened milk and cream of fat weight content over 1.5%, which decreased by -23.5% to 258 tons in 2022. Over the period under review, imports continue to indicate a sharp downturn.

In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% fell dramatically to $917K in 2022. Overall, imports faced a significant decrease.

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

1. United Arab Emirates (252.5 tons)
2. Germany (5.0 tons)
3. Brazil (0.1 tons)

Source: IndexBox Market Intelligence Platform