Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ghana - 2023
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ghana (CIF) - 2022
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ghana (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ghana
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ghana
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ghana (CIF) - 2022
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,580 per ton in 2022, picking up by 26% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 31%. As a result, import price reached the peak level of $4,459 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($5,467 per ton), while the price for Germany ($581 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.5%), 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 Ghana (FOB) - 2022
In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $5,842 per ton, reducing by -8.1% against the previous year. In general, the export price, however, recorded modest growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 4,213% against the previous year. Over the period under review, the average export prices hit record highs at $6,357 per ton in 2021, and then shrank in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($5,989 per ton), while the average price for exports to Mali stood at $5,113 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+62.7%), 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 Ghana
In 2022, after two years of decline, there was significant decline in purchases abroad of powdered unsweetened milk and cream of fat weight content over 1.5%, when their volume decreased by -36.2% to 3K tons. In general, imports saw a deep slump.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% fell significantly to $11M in 2022. Overall, imports, however, recorded a strong expansion.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 332 | N/A | 2,674 | 1,658 | 70.9% |
| Ireland | 1,060 | N/A | 1,091 | 687 | -13.5% |
| New Zealand | N/A | N/A | 814 | 677 | -16.8% |
| Argentina | N/A | N/A | 26.3 | 657 | 2398.1% |
| Uruguay | N/A | N/A | N/A | 502 | 0% |
| Nigeria | N/A | N/A | 34.9 | 202 | 478.8% |
| Cote d'Ivoire | N/A | N/A | 182 | 194 | 6.6% |
| Belgium | 678 | N/A | 139 | 192 | -34.3% |
| United Kingdom | 3.7 | N/A | 161 | 183 | 267.1% |
| Poland | N/A | N/A | 922 | 58.1 | -93.7% |
| Denmark | 720 | N/A | 98.6 | 44.2 | -60.6% |
| Togo | N/A | N/A | 239 | 35.2 | -85.3% |
| Malaysia | 257 | N/A | 1.8 | 0.2 | -90.8% |
| Others | 3,307 | N/A | 6,832 | 5,503 | 18.5% |
| Total | 6,358 | N/A | 13,216 | 10,595 | 18.6% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Ghana in 2022:
- Netherlands (357.2 tons)
- Nigeria (244.7 tons)
- Ireland (244.2 tons)
- Argentina (163.7 tons)
- New Zealand (143.5 tons)
- Uruguay (117.5 tons)
- United Kingdom (78.8 tons)
- Belgium (75.6 tons)
- Cote d'Ivoire (44.4 tons)
- Poland (20.8 tons)
- Togo (17.7 tons)
- Denmark (16.5 tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ghana
After two years of decline, overseas shipments of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -14.2% to 745 tons in 2022. Over the period under review, exports showed a sharp decline.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped notably to $4.4M in 2022. In general, exports faced a sharp shrinkage.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 2,344 | N/A | 2,188 | 1,889 | -6.9% |
| Mali | 405 | N/A | 552 | 288 | -10.7% |
| Cote d'Ivoire | 929 | N/A | 0.3 | N/A | -98.2% |
| Senegal | 393 | N/A | N/A | N/A | 0% |
| Liberia | 211 | N/A | 18.4 | N/A | -70.5% |
| Others | 4,382 | N/A | 2,761 | 2,177 | -20.8% |
| Total | 8,664 | N/A | 5,520 | 4,354 | -20.5% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Ghana in 2022:
- Burkina Faso (315.3 tons)
- Mali (56.3 tons)
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