Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Egypt - 2024

Contents:

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

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

The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,738 per ton in 2022, rising by 26% against the previous year. Overall, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 113% against the previous year. As a result, import price reached the peak level of $7,017 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($4,738 per ton) and New Zealand ($4,738 per ton), while the price for Singapore ($4,738 per ton) and Uruguay ($4,738 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,847 per ton in 2022, growing by 23% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for powdered unsweetened milk and cream of fat weight content over 1.5% increased by +36.7% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 29%. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($4,847 per ton) and Madagascar ($4,847 per ton), while the average price for exports to Kuwait ($4,762 per ton) and Sudan ($4,847 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 Kuwait (+16.3%), 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 Egypt

In 2022, imports of powdered unsweetened milk and cream of fat weight content over 1.5% into Egypt fell to 47K tons, waning by -6.1% against the previous year. Over the period under review, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 205% against the previous year.

In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% skyrocketed to $222M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.2% 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 +93.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 63% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. New Zealand (17.1K tons)
2. Uruguay (2.3K tons)
3. Singapore (1.0K tons)
4. Sweden (0.7K tons)
5. Turkey (0.6K tons)
6. Germany (0.4K tons)
7. Ireland (0.4K tons)
8. Denmark (0.3K tons)

Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Egypt

In 2022, shipments abroad of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -71.5% to 99 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 284%. As a result, the exports attained the peak of 861 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped remarkably to $481K in 2022. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 288%. As a result, the exports attained the peak of $3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Zambia (17.0 tons)
2. Madagascar (16.0 tons)
3. Turkey (10.4 tons)
4. United Arab Emirates (5.2 tons)
5. Sudan (0.6 tons)

Source: IndexBox Market Intelligence Platform