Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Belarus - 2022
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Belarus (FOB) - 2022
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Belarus (CIF) - 2022
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Belarus
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Belarus
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Belarus (FOB) - 2022
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,431 per ton in March 2022, falling by -19% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in December 2021 when the average export price increased by 11% m-o-m. The export price peaked at $4,242 per ton in January 2022; however, from February 2022 to March 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mongolia ($4,400 per ton), while the average price for exports to Armenia ($2,867 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Belarus (CIF) - 2022
In 2022, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,998 per ton, jumping by 17% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 unsweetened milk and cream of fat weight content over 1.5% increased by +62.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 71% against the previous year. As a result, import price attained the peak level of $4,363 per ton. From 2014 to 2022, the average 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 Poland ($6,447 per ton), while the price for Lithuania ($3,042 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.9%), 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 Belarus
After three years of growth, overseas shipments of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -89.9% to 7.5K tons in 2022. In general, exports faced a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of 75K tons, and then shrank significantly in the following year.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% fell notably to $33M in 2022. Overall, exports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $254M, and then contracted significantly in the following year.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 60.3 | 70.3 | 98.2 | 12.0 | -41.6% |
| Kazakhstan | 3.0 | 1.5 | 4.0 | 1.3 | -24.3% |
| Mongolia | 2.7 | 2.5 | 3.0 | 1.0 | -28.2% |
| China | 0.9 | 0.7 | 4.4 | 1.0 | 3.6% |
| Saudi Arabia | 1.6 | 1.1 | 0.5 | 0.3 | -42.8% |
| Ukraine | 0.7 | 1.3 | 3.0 | N/A | 107.0% |
| Others | 77.6 | 85.0 | 141 | 17.2 | -39.5% |
| Total | 147 | 162 | 254 | 32.9 | -39.3% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Belarus in 2022:
- Russia (2.8K tons)
- Mongolia (0.2K tons)
- China (0.2K tons)
- Kazakhstan (0.2K tons)
- Saudi Arabia (0.1K tons)
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Belarus
In 2022, overseas purchases of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -71% to 81 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports faced a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 19%.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% contracted rapidly to $325K in 2022. Over the period under review, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 34%.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 277 | 387 | 452 | 117 | -25.0% |
| Kazakhstan | N/A | N/A | N/A | 52.0 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 26.7 | 0% |
| Lithuania | 53.1 | 52.5 | 50.5 | 12.3 | -38.6% |
| Others | 288 | 391 | 455 | 117 | -25.9% |
| Total | 618 | 830 | 957 | 325 | -19.3% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Belarus in 2022:
- Russia (29.9 tons)
- Kazakhstan (10.6 tons)
- United Arab Emirates (6.6 tons)
- Lithuania (4.1 tons)
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