Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ecuador - 2022

Contents:

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

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

The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,577 per ton in October 2021, standing approximately at the previous month. In general, the export price enjoyed a significant expansion. Over the period under review, the average export prices attained the peak figure in October 2021.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From July 2021 to October 2021, the rate of growth in terms of prices for Colombia amounted to 0.0% per month.

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

In 2022, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,967 per ton, waning by -34.4% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 53%. The import price peaked at $6,049 per ton in 2021, and then shrank significantly in the following year.

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 Colombia ($17,025 per ton), while the price for the United States ($3,182 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+18.8%), 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 Ecuador

In 2022, exports of powdered unsweetened milk and cream of fat weight content over 1.5% from Ecuador contracted dramatically to 48 tons, reducing by -94% compared with the previous year. Over the period under review, exports recorded a dramatic descent. The smallest decline of -8.7% was in 2020.

In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped remarkably to $203K in 2022. In general, exports recorded a dramatic curtailment. The smallest decline of -13.4% was in 2020.

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

1. Venezuela (43.8 tons)
2. Colombia (3.9 tons)

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

In 2022, approx. 5.6 tons of powdered unsweetened milk and cream of fat weight content over 1.5% were imported into Ecuador; picking up by 12% on the previous year. The total import volume increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% declined notably to $22K in 2022. In general, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.5% 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 +20.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. As a result, imports attained the peak of $30K, and then declined notably in the following year.

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

1. United States (4.6 tons)
2. Bolivia (0.6 tons)
3. France (0.2 tons)
4. Colombia (0.2 tons)

Source: IndexBox Market Intelligence Platform