Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Japan - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Japan (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Japan (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Japan
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Japan
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Japan (CIF) - 2024
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,930 per ton in May 2024, increasing by 6% against the previous month. In general, the import price, however, showed a slight descent. The most prominent rate of growth was recorded in March 2024 when the average import price increased by 17% m-o-m. The import price peaked at $4,495 per ton in May 2023; however, from June 2023 to May 2024, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In May 2024, the country with the highest price was Germany ($4,824 per ton), while the price for New Zealand totaled $3,636 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), 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 Japan (FOB) - 2022
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $16,913 per ton in 2022, waning by -5.5% against the previous year. Overall, the export price continues to indicate a mild slump. The growth pace was the most rapid in 2020 an increase of 100% against the previous year. As a result, the export price reached the peak level of $27,387 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($95,819 per ton), while the average price for exports to Taiwan (Chinese) ($9,912 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 Singapore (+21.3%), 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 Japan
In 2022, imports of powdered unsweetened milk and cream of fat weight content over 1.5% into Japan soared to 6.1K tons, increasing by 41% on the year before. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 108% against the previous year. Over the period under review, imports of hit record highs 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 $28M in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 2.0 | 3.6 | 6.2 | 10.8 | 75.4% |
| France | 0.2 | 3.2 | 1.2 | 1.4 | 91.3% |
| Netherlands | 0.2 | 0.2 | 0.6 | 0.9 | 65.1% |
| Finland | N/A | N/A | 0.2 | 0.7 | 250.0% |
| Australia | 0.3 | 0.1 | N/A | 0.1 | -30.7% |
| Others | 10.7 | 8.7 | 10.0 | 14.5 | 10.7% |
| Total | 13.4 | 15.8 | 18.3 | 28.4 | 28.5% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Japan in 2022:
- New Zealand (2.5K tons)
- Finland (0.2K tons)
- France (0.2K tons)
- Netherlands (0.1K tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Japan
In 2022, exports of powdered unsweetened milk and cream of fat weight content over 1.5% from Japan reached 38 tons, picking up by 2.5% compared with the previous year. Over the period under review, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 132% against the previous year.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% fell modestly to $643K in 2022. In general, exports, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 52%.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 107 | 19.6 | 91.7 | 125 | 5.3% |
| Singapore | 217 | 126 | 110 | 86.2 | -26.5% |
| Malaysia | 27.7 | 37.3 | 85.8 | 77.2 | 40.7% |
| Thailand | 4.2 | 7.1 | 44.6 | 25.5 | 82.4% |
| Others | 381 | 247 | 332 | 329 | -4.8% |
| Total | 737 | 437 | 664 | 643 | -4.4% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Japan in 2022:
- Taiwan (Chinese) (12.6 tons)
- Malaysia (3.4 tons)
- Thailand (1.9 tons)
- Singapore (0.9 tons)
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