Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kenya - 2023

Contents:

1. Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kenya (CIF) - 2022
2. Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kenya (FOB) - 2022
3. Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kenya
4. Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kenya

Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kenya (CIF) - 2022

The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,676 per ton in 2022, jumping by 20% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for powdered unsweetened milk and cream of fat weight content over 1.5% increased by +34.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 the Netherlands ($6,864 per ton), while the price for the United Arab Emirates ($4,254 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kenya (FOB) - 2022

In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $1,020 per ton, declining by -43.8% against the previous year. Overall, the export price recorded a precipitous decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 117%. Over the period under review, the average export prices attained the maximum at $8,092 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Sudan ($2,550 per ton), while the average price for exports to Tanzania totaled $1,346 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+77.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kenya

In 2022, supplies from abroad of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -4.1% to 5.8K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year. As a result, imports attained the peak of 6.3K 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 $27M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 42%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Kenya in 2022:

1. Oman (3.8K tons)
2. United Arab Emirates (1.4K tons)
3. Malaysia (0.6K tons)

Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kenya

In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% exported from Kenya skyrocketed to 225 tons, growing by 301% compared with 2021 figures. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% surged to $229K in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 174%. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Kenya in 2022:

1. Tanzania (83.4 tons)
2. South Sudan (0.1 tons)

Source: IndexBox Market Intelligence Platform