Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Brazil - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Brazil (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Brazil (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Brazil
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Brazil
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Brazil (CIF) - 2024
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,666 per ton in May 2024, increasing by 3.2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2024 an increase of 3.6% month-to-month. Over the period under review, average import prices reached the peak figure at $4,057 per ton in July 2023; however, from August 2023 to May 2024, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In May 2024, the country with the highest price was Argentina ($3,838 per ton), while the price for Uruguay ($3,444 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Paraguay (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Brazil (FOB) - 2022
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,914 per ton in 2022, picking up by 12% against the previous year. Over the period under review, the export price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 164% against the previous year. Over the period under review, the average export prices attained the maximum at $5,741 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Venezuela ($5,149 per ton) and Israel ($4,252 per ton), while the average price for exports to Saint Vincent and the Grenadines ($3,582 per ton) and Algeria ($3,835 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+6.0%), 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 Brazil
In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% imported into Brazil soared to 164K tons, with an increase of 58% on 2021. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.7% against 2020 indices.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% skyrocketed to $699M in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 93.6 | 162 | 75.1 | 190 | 26.6% |
| Uruguay | 82.2 | 93.0 | 88.7 | 136 | 18.3% |
| Paraguay | 8.9 | 15.9 | 11.9 | 24.2 | 39.6% |
| Others | 189 | 277 | 177 | 350 | 22.8% |
| Total | 374 | 548 | 353 | 699 | 23.2% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Brazil in 2022:
- Argentina (44.3K tons)
- Uruguay (31.6K tons)
- Paraguay (6.1K tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Brazil
In 2022, shipments abroad of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -0.6% to 11K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 373%. As a result, the exports attained the peak of 12K tons, leveling off in the following year.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% expanded sharply to $45M in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 458% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | N/A | 3.1 | 18.4 | 15.1 | 120.7% |
| Israel | N/A | N/A | N/A | 4.1 | 0% |
| Chile | N/A | N/A | N/A | 1.1 | 0% |
| Saint Vincent and the Grenadines | N/A | N/A | 0.7 | 0.9 | 28.6% |
| Venezuela | 0.1 | 0.1 | 0.4 | 0.6 | 81.7% |
| Others | 1.4 | 4.0 | 20.8 | 23.1 | 154.6% |
| Total | 1.5 | 7.2 | 40.3 | 44.8 | 210.3% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Brazil in 2022:
- Algeria (3.9K tons)
- Israel (1.0K tons)
- Saint Vincent and the Grenadines (0.3K tons)
- Chile (0.2K tons)
- Venezuela (0.1K tons)
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