Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (FOB) - 2024
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (CIF) - 2024
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $13,289 per ton in March 2024, shrinking by -1.5% against the previous month. Over the period under review, the import price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in May 2023 an increase of 22% m-o-m. Over the period under review, average import prices hit record highs at $17,213 per ton in August 2023; however, from September 2023 to March 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was the Netherlands ($20,008 per ton), while the price for Malaysia ($6,248 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 Germany (+1.9%), 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 Hong Kong SAR (FOB) - 2024
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $20,765 per ton in March 2024, which is down by -18.4% against the previous month. Overall, the export price showed a mild curtailment. The most prominent rate of growth was recorded in June 2023 an increase of 12% month-to-month. The export price peaked at $26,038 per ton in July 2023; however, from August 2023 to March 2024, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In March 2024, the country with the highest price was Macao SAR ($24,128 per ton), while the average price for exports to China stood at $19,538 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+0.2%).
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of powdered unsweetened milk and cream of fat weight content over 1.5%, which decreased by -22.9% to 64K tons in 2022. Overall, imports showed a dramatic slump. The smallest decline of -21.7% was in 2021.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% fell notably to $971M in 2022. Over the period under review, imports recorded a precipitous curtailment. The smallest decline of -15.6% was in 2021.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 276 | 237 | 229 | 201 | -10.0% |
| China | 360 | 148 | 238 | 110 | -32.6% |
| Netherlands | 395 | 238 | 104 | 78.2 | -41.7% |
| Australia | 131 | 73.9 | 40.9 | 22.1 | -44.7% |
| Germany | 64.9 | 18.4 | 14.3 | 19.6 | -32.9% |
| Ireland | 96.9 | 34.7 | 22.2 | 16.8 | -44.2% |
| Malaysia | 15.1 | 11.5 | 12.9 | 11.6 | -8.4% |
| Others | 1,548 | 887 | 731 | 512 | -30.8% |
| Total | 2,887 | 1,648 | 1,392 | 971 | -30.5% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Hong Kong SAR in 2022:
- New Zealand (15.2K tons)
- Netherlands (4.2K tons)
- China (4.1K tons)
- Australia (1.9K tons)
- Malaysia (1.6K tons)
- Ireland (1.1K tons)
- Germany (1.0K tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of powdered unsweetened milk and cream of fat weight content over 1.5%, which decreased by -21.7% to 33K tons in 2022. Over the period under review, exports showed a precipitous slump. The smallest decline of -18.4% was in 2021.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% shrank dramatically to $704M in 2022. In general, exports faced a precipitous descent. The smallest decline of -11.1% was in 2021.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 772 | 402 | 357 | 289 | -27.9% |
| Macao SAR | 172 | 83.6 | 74.6 | 61.9 | -28.9% |
| Others | 945 | 486 | 432 | 352 | -28.0% |
| Total | 1,890 | 972 | 864 | 704 | -28.0% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Hong Kong SAR in 2022:
- China (13.5K tons)
- Macao SAR (2.8K tons)
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