Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Italy - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Italy (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Italy (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Italy
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Italy
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Italy (CIF) - 2024
In January 2024, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $4,446 per ton, increasing by 2.2% against the previous month. Overall, the import price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in April 2023 an increase of 6.5% against the previous month. Over the period under review, average import prices hit record highs at $5,109 per ton in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the countries with the highest prices were France ($4,822 per ton) and Germany ($4,703 per ton), while the price for the Netherlands ($3,674 per ton) and Ireland ($4,156 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Belgium (-0.5%), while the prices for the other major suppliers experienced a decline.
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Italy (FOB) - 2022
In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $5,900 per ton, with a decrease of -30.5% against the previous year. In general, export price indicated a tangible expansion from 2015 to 2022: its price increased at an average annual rate of +2.9% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 35% against the previous year. The export price peaked at $8,486 per ton in 2021, and then contracted notably in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($13,923 per ton), while the average price for exports to China ($1,639 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+16.2%), 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 Italy
Imports of powdered unsweetened milk and cream of fat weight content over 1.5% into Italy stood at 32K tons in 2022, standing approx. at 2021. In general, imports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 11%.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% skyrocketed to $145M in 2022. Over the period under review, imports, however, saw a abrupt descent.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 38.5 | 28.2 | 33.7 | 38.0 | -0.4% |
| France | 19.8 | 26.9 | 29.2 | 33.5 | 19.2% |
| Belgium | 6.5 | 13.1 | 21.7 | 28.7 | 64.1% |
| Netherlands | 4.2 | 7.4 | 13.0 | 23.2 | 76.8% |
| Ireland | 8.4 | 5.9 | 10.4 | 11.7 | 11.7% |
| Poland | 1.5 | 0.9 | 1.9 | 5.4 | 53.3% |
| Portugal | 4.6 | 4.8 | 4.1 | 0.9 | -41.9% |
| United Kingdom | 9.6 | 9.9 | 0.1 | 0.9 | -54.6% |
| Others | 95.5 | 1.9 | 2.7 | 2.5 | -70.3% |
| Total | 189 | 98.8 | 117 | 145 | -8.5% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Italy in 2022:
- France (7.7K tons)
- Germany (7.6K tons)
- Belgium (6.4K tons)
- Netherlands (5.1K tons)
- Ireland (2.6K tons)
- Poland (1.3K tons)
- United Kingdom (0.3K tons)
- Portugal (0.2K tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Italy
In 2022, approx. 2.5K tons of powdered unsweetened milk and cream of fat weight content over 1.5% were exported from Italy; reducing by -28.5% on the year before. Over the period under review, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped dramatically to $15M in 2022. In general, exports showed a significant decrease. The growth pace was the most rapid in 2021 when exports increased by 35%.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.5 | 3.4 | 4.0 | 4.7 | 10.3% |
| New Zealand | 16.1 | 16.5 | 18.7 | 3.6 | -39.3% |
| Germany | 0.2 | 0.1 | 0.3 | 1.2 | 81.7% |
| Spain | 0.3 | 0.4 | 0.7 | 1.2 | 58.7% |
| Qatar | N/A | N/A | N/A | 0.8 | 0% |
| Austria | N/A | 0.3 | 0.7 | 0.8 | 63.3% |
| Hong Kong SAR | 1.3 | N/A | 2.5 | 0.3 | -38.7% |
| Poland | 0.1 | 0.2 | 0.4 | 0.2 | 26.0% |
| China | 1.5 | 0.6 | 1.3 | 0.2 | -48.9% |
| South Korea | 0.5 | N/A | N/A | 0.1 | -41.5% |
| Others | 25.6 | 0.6 | 1.3 | 1.5 | -61.2% |
| Total | 49.1 | 22.0 | 29.7 | 14.8 | -33.0% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Italy in 2022:
- France (826.3 tons)
- New Zealand (359.6 tons)
- Qatar (265.6 tons)
- Spain (214.0 tons)
- Germany (204.4 tons)
- Austria (153.8 tons)
- China (113.7 tons)
- Poland (40.0 tons)
- South Korea (35.9 tons)
- Hong Kong SAR (19.8 tons)
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