Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Estonia - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Estonia (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Estonia (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Estonia
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Estonia
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Estonia (CIF) - 2024
In March 2024, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $4,239 per ton, remaining stable against the previous month. In general, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in July 2023 an increase of 36% against the previous month. The import price peaked at $5,967 per ton in March 2023; however, from April 2023 to March 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($7,122 per ton), while the price for Sweden ($1,521 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Poland (+1.7%), 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 Estonia (FOB) - 2022
In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $4,864 per ton, declining by -38.9% against the previous year. Over the period under review, the export price, however, posted a mild increase. The most prominent rate of growth was recorded in 2021 an increase of 89%. As a result, the export price attained the peak level of $7,967 per ton, and then declined remarkably in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Finland ($5,507 per ton) and Lithuania ($5,110 per ton), while the average price for exports to Latvia ($4,575 per ton) and Sweden ($4,959 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 Lithuania (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Estonia
In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% imported into Estonia declined to 628 tons, shrinking by -14% against the previous year. Overall, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 7.7%.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3.2M in 2022. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1,074 | 1,219 | 1,834 | 2,210 | 27.2% |
| Poland | 485 | 290 | 418 | 530 | 3.0% |
| Germany | 1,084 | 772 | 472 | 339 | -32.1% |
| Sweden | 23.8 | 16.2 | 21.4 | 17.6 | -9.6% |
| Lithuania | 272 | 4.0 | 6.9 | 13.5 | -63.3% |
| Others | 3,078 | 59.5 | 212 | 59.8 | -73.1% |
| Total | 6,016 | 2,360 | 2,964 | 3,170 | -19.2% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Estonia in 2022:
- Finland (456.2 tons)
- Poland (97.2 tons)
- Germany (53.1 tons)
- Sweden (11.2 tons)
- Lithuania (3.5 tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Estonia
In 2022, exports of powdered unsweetened milk and cream of fat weight content over 1.5% from Estonia contracted remarkably to 13 tons, which is down by -55.4% compared with the year before. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,655%. As a result, the exports attained the peak of 29 tons, and then declined rapidly in the following year.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped markedly to $62K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 5,120% against the previous year. As a result, the exports reached the peak of $227K, and then fell significantly in the following year.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 3.1 | 2.1 | 25.0 | 26.5 | 104.5% |
| Sweden | N/A | N/A | 30.6 | 23.8 | -22.2% |
| Finland | 0.9 | 1.8 | 4.3 | 9.1 | 116.2% |
| Lithuania | N/A | N/A | N/A | 2.4 | 0% |
| Greece | N/A | N/A | 128 | N/A | 0% |
| Ireland | N/A | N/A | 14.0 | N/A | 0% |
| France | N/A | N/A | 10.2 | N/A | 0% |
| Italy | N/A | N/A | 11.9 | N/A | 0% |
| Others | 5.0 | 0.4 | 3.8 | 0.2 | -65.8% |
| Total | 9.1 | 4.4 | 227 | 62.0 | 89.6% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Estonia in 2022:
- Latvia (5.8 tons)
- Sweden (4.8 tons)
- Finland (1.6 tons)
- Lithuania (0.5 tons)
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