Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Azerbaijan - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Azerbaijan (CIF) - 2024
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Azerbaijan
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Azerbaijan (CIF) - 2024
In April 2024, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,808 per ton, surging by 86% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $4,415 per ton in January 2024; however, from February 2024 to April 2024, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In April 2024, the country with the highest price was Belarus ($3,975 per ton), while the price for Russia amounted to $3,318 per ton.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Russia (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Azerbaijan
For the third consecutive year, Azerbaijan recorded decline in supplies from abroad of powdered unsweetened milk and cream of fat weight content over 1.5%, which decreased by -36.9% to 899 tons in 2022. Overall, imports faced a abrupt curtailment. The smallest decline of -4.3% was in 2020.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped sharply to $4.3M in 2022. Over the period under review, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 2.1% against the previous year. As a result, imports reached the peak of $5.4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 596 | 384 | 270 | 1,024 | 19.8% |
| Ukraine | 874 | 877 | 964 | 692 | -7.5% |
| Poland | 383 | 706 | 840 | 358 | -2.2% |
| Iran | N/A | 3.8 | 16.9 | 36.7 | 210.8% |
| Turkey | 807 | 744 | 460 | 35.9 | -64.6% |
| Others | 2,660 | 2,715 | 2,551 | 2,154 | -6.8% |
| Total | 5,319 | 5,430 | 5,103 | 4,301 | -6.8% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Azerbaijan in 2022:
- Belarus (215.6 tons)
- Ukraine (148.0 tons)
- Poland (52.0 tons)
- Iran (21.3 tons)
- Turkey (11.7 tons)
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