Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hungary - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hungary (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hungary (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hungary
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hungary
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hungary (CIF) - 2024
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $2,146 per ton in January 2024, waning by -8.1% against the previous month. Overall, the import price showed a pronounced shrinkage. The pace of growth was the most pronounced in July 2023 when the average import price increased by 48% month-to-month. The import price peaked at $4,023 per ton in October 2023; however, from November 2023 to January 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,941 per ton), while the price for the Czech Republic ($1,683 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.6%), 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 Hungary (FOB) - 2022
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,863 per ton in 2022, increasing by 15% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +9.8% 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 +31.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 163%. The export price peaked at $6,176 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($6,753 per ton), while the average price for exports to Poland ($2,669 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.1%), 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 Hungary
In 2022, approx. 1.5K tons of powdered unsweetened milk and cream of fat weight content over 1.5% were imported into Hungary; stabilizing at the year before. In general, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% skyrocketed to $6.7M in 2022. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 1,599 | 1,322 | 1,856 | 2,234 | 11.8% |
| Netherlands | 240 | 329 | 870 | 1,027 | 62.4% |
| Germany | 790 | 621 | 872 | 974 | 7.2% |
| Poland | 496 | 240 | 386 | 931 | 23.4% |
| France | 651 | 1,409 | 443 | 573 | -4.2% |
| Belgium | N/A | N/A | 157 | 312 | 98.7% |
| Denmark | 124 | N/A | 437 | 207 | 18.6% |
| Others | 4,004 | 156 | 325 | 426 | -52.6% |
| Total | 7,904 | 4,077 | 5,345 | 6,685 | -5.4% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Hungary in 2022:
- Czech Republic (456.2 tons)
- Netherlands (262.7 tons)
- Germany (200.4 tons)
- Poland (187.1 tons)
- France (185.8 tons)
- Belgium (62.8 tons)
- Denmark (43.5 tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hungary
In 2022, approx. 21 tons of powdered unsweetened milk and cream of fat weight content over 1.5% were exported from Hungary; shrinking by -63.7% against the year before. In general, exports faced a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 304% against the previous year. As a result, the exports attained the peak of 57 tons, and then shrank remarkably in the following year.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% shrank markedly to $101K in 2022. Over the period under review, exports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 327% against the previous year. As a result, the exports attained the peak of $242K, and then fell remarkably in the following year.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 0.2 | 164 | 48.5 | 1457.2% |
| Romania | 8.5 | 20.6 | 16.4 | 23.2 | 39.8% |
| Slovakia | 13.4 | 7.1 | 10.2 | 19.8 | 13.9% |
| Denmark | 54.1 | 25.3 | 48.1 | 6.8 | -49.9% |
| Poland | N/A | N/A | 0.5 | 2.2 | 340.0% |
| Austria | 22.8 | 1.0 | 0.4 | 0.2 | -79.4% |
| Others | 104 | 2.2 | 2.4 | 0.6 | -82.1% |
| Total | 203 | 56.5 | 242 | 101 | -20.8% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Hungary in 2022:
- Germany (10.7 tons)
- Slovakia (4.3 tons)
- Romania (4.0 tons)
- Denmark (1.0 tons)
- Poland (0.8 tons)
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