Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ethiopia - 2022
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ethiopia (CIF) - 2022
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ethiopia (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ethiopia
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ethiopia
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ethiopia (CIF) - 2022
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $5,336 per ton in 2022, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 26%. The import price peaked at $5,667 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($13,545 per ton), while the price for New Zealand ($2,409 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+18.9%), 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 Ethiopia (FOB) - 2022
In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $5,660 per ton, surging by 75% against the previous year. Overall, the export price continues to indicate buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Somalia.
From 2013 to 2022, the rate of growth in terms of prices for Somalia amounted to +75.0% per year.
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ethiopia
Imports of powdered unsweetened milk and cream of fat weight content over 1.5% into Ethiopia surged to 2.7K tons in 2022, jumping by 46% against the previous year's figure. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 159% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% surged to $15M in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 193% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,392 | 593 | 2,480 | 4,625 | 49.2% |
| Netherlands | 130 | 77.8 | 458 | 2,008 | 149.0% |
| Uganda | 62.6 | 79.0 | 497 | 748 | 128.6% |
| New Zealand | 166 | 107 | 551 | 704 | 61.9% |
| France | 338 | 121 | 423 | 661 | 25.1% |
| Denmark | 115 | 42.9 | 129 | 573 | 70.8% |
| United Arab Emirates | 15.6 | 9.4 | 82.6 | 95.6 | 83.0% |
| Egypt | 49.4 | 43.1 | 201 | 34.1 | -11.6% |
| Others | 2,179 | 1,913 | 3,928 | 5,065 | 32.5% |
| Total | 4,448 | 2,985 | 8,750 | 14,514 | 48.3% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Ethiopia in 2022:
- Switzerland (458.0 tons)
- Netherlands (323.2 tons)
- New Zealand (292.4 tons)
- Uganda (240.7 tons)
- Denmark (153.5 tons)
- France (76.3 tons)
- United Arab Emirates (32.8 tons)
- Egypt (6.2 tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ethiopia
For the third year in a row, Ethiopia recorded growth in shipments abroad of powdered unsweetened milk and cream of fat weight content over 1.5%, which increased by 170% to 17 tons in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% surged to $93K in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ethiopia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Somalia | N/A | 9.9 | 46.7 | 371.7% |
| Uganda | 9.1 | N/A | N/A | 0% |
| Others | N/A | 9.9 | 46.7 | 371.7% |
| Total | 9.1 | 19.8 | 93.4 | 220.4% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Ethiopia in 2022:
- Somalia (8.3 tons)
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