Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Iraq - 2022
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Iraq (CIF) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Iraq
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Iraq (CIF) - 2022
In 2022, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,883 per ton, growing by 17% against the previous year. In general, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $4,970 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Iran ($7,089 per ton), while the price for the United Arab Emirates ($2,864 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Iraq
In 2022, overseas purchases of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -5.6% to 49K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 4.1% against the previous year. As a result, imports reached the peak of 60K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% expanded rapidly to $192M in 2022. Overall, imports showed a mild reduction.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 78.2 | 59.8 | 51.5 | 70.3 | -3.5% |
| Oman | 57.6 | 64.2 | 56.9 | 61.6 | 2.3% |
| Vietnam | 52.1 | 49.8 | 57.7 | 52.6 | 0.3% |
| Iran | 7.8 | 5.0 | 4.7 | 5.5 | -11.0% |
| Others | 6.5 | 5.2 | 3.6 | 1.7 | -36.0% |
| Total | 202 | 184 | 174 | 192 | -1.7% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Iraq in 2022:
- United Arab Emirates (24.5K tons)
- Oman (12.7K tons)
- Vietnam (10.9K tons)
- Iran (0.8K tons)
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