Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in India - 2024

Contents:

1. Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in India (FOB) - 2022
2. Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in India (CIF) - 2022
3. Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in India
4. Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in India

Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in India (FOB) - 2022

In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,771 per ton, shrinking by -9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,830 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guyana ($4,122 per ton) and Equatorial Guinea ($3,777 per ton), while the average price for exports to Bhutan ($3,607 per ton) and Kiribati ($3,760 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 the United Arab Emirates (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in India (CIF) - 2022

The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $7,016 per ton in 2022, jumping by 87% against the previous year. In general, the import price saw resilient growth. The growth pace was the most rapid in 2016 when the average import price increased by 196%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($13,142 per ton), while the price for New Zealand ($5,591 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+40.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in India

In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% exported from India soared to 710 tons, jumping by 26% against 2021 figures. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 59% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% rose rapidly to $2.7M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +27.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +109.0% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 75% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from India in 2022:

1. Bhutan (296.1 tons)
2. Kiribati (23.7 tons)
3. Guyana (15.9 tons)
4. Equatorial Guinea (15.2 tons)

Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in India

In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% imported into India surged to 135 tons, increasing by 235% on 2021. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,983% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% skyrocketed to $945K in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,653%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to India in 2022:

1. New Zealand (80.1 tons)
2. United Arab Emirates (48.9 tons)
3. United Kingdom (5.4 tons)

Source: IndexBox Market Intelligence Platform