Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Canada - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Canada (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Canada (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Canada
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Canada
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Canada (CIF) - 2024
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $5,694 per ton in March 2024, dropping by -14.1% against the previous month. In general, the import price, however, posted strong growth. The most prominent rate of growth was recorded in October 2023 an increase of 186% against the previous month. As a result, import price attained the peak level of $7,065 per ton. From November 2023 to March 2024, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From March 2023 to March 2024, the rate of growth in terms of prices for the United States amounted to +8.1% per month.
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Canada (FOB) - 2022
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $2,985 per ton in 2022, growing by 7.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 35%. The export price peaked at $3,728 per ton in 2013; however, from 2014 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 the United States ($9,545 per ton), while the average price for exports to China totaled $2,691 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Canada
In 2022, imports of powdered unsweetened milk and cream of fat weight content over 1.5% into Canada soared to 6.2K tons, growing by 28% against the year before. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 increased by +50.2% against 2019 indices. 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 $15M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.8% against 2019 indices. 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 Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.7 | 4.5 | 5.8 | 7.1 | 14.7% |
| New Zealand | 0.3 | 0.9 | 0.2 | 0.5 | 18.6% |
| Others | 5.1 | 5.6 | 6.9 | 7.6 | 14.2% |
| Total | 10.1 | 11.0 | 12.9 | 15.2 | 14.6% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Canada in 2022:
- United States (2.9K tons)
- New Zealand (0.2K tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Canada
After two years of decline, shipments abroad of powdered unsweetened milk and cream of fat weight content over 1.5% increased by 33% to 388 tons in 2022. In general, exports, however, showed a sharp decrease.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% surged to $1.2M in 2022. Over the period under review, exports, however, showed a significant contraction.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 52.5 | 41.0 | 401 | 499 | 111.8% |
| United States | 135 | 4.2 | N/A | 79.4 | -16.2% |
| South Korea | 81.4 | 17.5 | N/A | N/A | -78.5% |
| Philippines | 1,218 | 1,074 | N/A | N/A | -11.8% |
| Turkey | 667 | N/A | N/A | N/A | 0% |
| Others | 2,164 | 1,192 | 412 | 579 | -35.6% |
| Total | 4,319 | 2,328 | 813 | 1,158 | -35.5% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Canada in 2022:
- China (185.6 tons)
- United States (8.3 tons)
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