Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Indonesia - 2022
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Indonesia (CIF) - 2022
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Indonesia (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Indonesia
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Indonesia
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Indonesia (CIF) - 2022
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,439 per ton in 2022, shrinking by -3.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the maximum at $4,622 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 France ($5,479 per ton), while the price for Poland ($948 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Indonesia (FOB) - 2022
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,369 per ton in 2022, with a decrease of -4.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 65% against the previous year. The export price peaked at $5,606 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($5,456 per ton), while the average price for exports to Burkina Faso ($501 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 Timor-Leste (+8.4%), 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 Indonesia
In 2022, approx. 101K tons of powdered unsweetened milk and cream of fat weight content over 1.5% were imported into Indonesia; shrinking by -20.2% compared with the year before. Overall, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of 126K tons, and then contracted rapidly in the following year.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped sharply to $346M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports reached the peak of $448M, and then dropped significantly in the following year.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 152 | 144 | 198 | 121 | -7.3% |
| Australia | 0.6 | 4.2 | 7.8 | 1.9 | 46.8% |
| Poland | 2.9 | 3.1 | 3.3 | 1.9 | -13.1% |
| Belgium | 3.4 | 4.3 | 10.4 | 1.2 | -29.3% |
| Others | 175 | 160 | 228 | 219 | 7.8% |
| Total | 334 | 316 | 448 | 346 | 1.2% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Indonesia in 2022:
- New Zealand (39.5K tons)
- Poland (2.0K tons)
- Australia (0.5K tons)
- Belgium (0.3K tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Indonesia
In 2022, shipments abroad of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -91.7% to 105 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a precipitous setback. The growth pace was the most rapid in 2020 with an increase of 68%. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% declined markedly to $459K in 2022. Overall, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 122%. As a result, the exports attained the peak of $6.7M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 1,228 | 1,672 | 1,425 | 107 | -55.7% |
| Singapore | 182 | 310 | 601 | 67.8 | -28.0% |
| Timor-Leste | 106 | 267 | 421 | 58.5 | -18.0% |
| Philippines | 85.3 | 1,020 | 572 | 15.8 | -43.0% |
| Angola | 30.5 | 36.2 | 20.5 | 9.1 | -33.2% |
| Egypt | 53.5 | 71.9 | 52.4 | 5.8 | -52.3% |
| Bangladesh | 59.0 | 80.7 | 69.0 | 5.2 | -55.5% |
| Cameroon | 28.2 | 36.5 | 29.6 | 2.1 | -57.9% |
| Brunei Darussalam | 9.8 | 16.3 | 18.2 | 1.6 | -45.3% |
| Comoros | 9.3 | 16.2 | 16.1 | 1.4 | -46.8% |
| Burkina Faso | 12.5 | 16.0 | 12.8 | 0.9 | -58.4% |
| Malaysia | 7.9 | 9.3 | 8.8 | 0.7 | -55.4% |
| Nigeria | 215 | 34.9 | 3.5 | 0.3 | -88.8% |
| Others | 971 | 3,068 | 2,535 | 183 | -42.7% |
| Total | 2,999 | 6,656 | 5,784 | 459 | -46.5% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Indonesia in 2022:
- Algeria (24.1 tons)
- Singapore (14.7 tons)
- Timor-Leste (12.6 tons)
- Philippines (3.5 tons)
- Angola (1.9 tons)
- Burkina Faso (1.8 tons)
- Comoros (1.6 tons)
- Egypt (1.5 tons)
- Bangladesh (1.4 tons)
- Brunei Darussalam (1.4 tons)
- Cameroon (1.4 tons)
- Malaysia (1.2 tons)
- Nigeria (0.1 tons)
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