Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ireland - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ireland (FOB) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ireland (CIF) - 2024
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ireland
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ireland
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ireland (FOB) - 2024
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,823 per ton in March 2024, with an increase of 2.4% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 12% m-o-m. Over the period under review, the average export prices hit record highs at $4,088 per ton in April 2023; however, from May 2023 to March 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($5,810 per ton), while the average price for exports to Lithuania ($2,338 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.8%), 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 Ireland (CIF) - 2024
In March 2024, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $2,869 per ton, shrinking by -37% against the previous month. Overall, the import price showed a deep slump. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 520% m-o-m. As a result, import price reached the peak level of $18,834 per ton. From July 2023 to March 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($12,705 per ton), while the price for the UK ($2,524 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 the Netherlands (+9.6%), 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 Ireland
For the third consecutive year, Ireland recorded decline in shipments abroad of powdered unsweetened milk and cream of fat weight content over 1.5%, which decreased by -15.9% to 45K tons in 2022. Over the period under review, exports faced a dramatic shrinkage.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% expanded significantly to $208M in 2022. Overall, exports showed a abrupt curtailment.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 43.6 | 50.8 | 42.3 | 60.2 | 11.4% |
| Germany | 6.1 | 13.7 | 12.7 | 32.3 | 74.3% |
| United Kingdom | 18.0 | 13.1 | 8.8 | 15.1 | -5.7% |
| Poland | 1.8 | 3.7 | 7.3 | 14.9 | 102.3% |
| Belgium | 2.3 | 5.0 | 2.7 | 14.8 | 86.0% |
| Italy | 8.8 | 6.2 | 12.2 | 11.5 | 9.3% |
| Trinidad and Tobago | 6.6 | 9.9 | 8.2 | 7.6 | 4.8% |
| Dominican Republic | 3.9 | 8.1 | 6.7 | 6.8 | 20.4% |
| Angola | 2.1 | 5.6 | 2.9 | 5.7 | 39.5% |
| Algeria | 5.4 | 24.2 | 8.9 | 5.7 | 1.8% |
| Spain | 2.7 | 3.2 | 4.1 | 5.0 | 22.8% |
| Nigeria | 15.1 | 19.9 | 9.6 | 3.0 | -41.6% |
| France | 9.4 | 3.4 | 3.1 | 2.9 | -32.4% |
| Others | 215 | 56.3 | 64.0 | 22.7 | -52.7% |
| Total | 341 | 223 | 194 | 208 | -15.2% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Ireland in 2022:
- Netherlands (11.6K tons)
- Germany (7.5K tons)
- United Kingdom (3.4K tons)
- Belgium (3.3K tons)
- Poland (3.1K tons)
- Italy (2.4K tons)
- Trinidad and Tobago (2.0K tons)
- Dominican Republic (1.5K tons)
- Angola (1.4K tons)
- Algeria (1.3K tons)
- Spain (1.0K tons)
- Nigeria (0.7K tons)
- France (0.6K tons)
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ireland
After two years of decline, overseas purchases of powdered unsweetened milk and cream of fat weight content over 1.5% increased by 43% to 2.1K tons in 2022. In general, imports, however, continue to indicate a dramatic setback.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% surged to $7.7M in 2022. Over the period under review, imports, however, recorded a deep downturn.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3.1 | 4.0 | 0.4 | 3.3 | 2.1% |
| Netherlands | 0.8 | 6.7 | 0.8 | 3.0 | 55.4% |
| France | N/A | 1.4 | 0.3 | 0.6 | -34.5% |
| Poland | N/A | 0.1 | N/A | 0.4 | 100.0% |
| Germany | 1.5 | 2.3 | 1.0 | 0.4 | -35.6% |
| Italy | N/A | 0.2 | 0.5 | N/A | 150.0% |
| Others | 7.7 | 0.1 | 0.8 | N/A | -67.8% |
| Total | 13.0 | 14.8 | 3.7 | 7.7 | -16.0% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Ireland in 2022:
- United Kingdom (856.2 tons)
- Netherlands (782.5 tons)
- France (214.4 tons)
- Germany (124.0 tons)
- Poland (84.4 tons)
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