Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kuwait - 2022
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kuwait (CIF) - 2022
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kuwait (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kuwait
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kuwait
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kuwait (CIF) - 2022
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,733 per ton in 2022, increasing by 16% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 22% against the previous year. The import price peaked at $6,197 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,786 per ton), while the price for Ukraine ($3,184 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.0%), 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 Kuwait (FOB) - 2022
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,172 per ton in 2022, surging by 86% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Palestine ($6,376 per ton), while the average price for exports to Qatar ($463 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 the United Arab Emirates (+7.7%), 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 Kuwait
In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% imported into Kuwait soared to 65K tons, picking up by 93% compared with 2021. Overall, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% surged to $306M in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached 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 Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 70.4 | 83.9 | 41.3 | 95.3 | 10.6% |
| New Zealand | 0.9 | 7.5 | 10.1 | 16.9 | 165.8% |
| United Arab Emirates | 8.3 | 5.1 | 5.1 | 4.1 | -20.9% |
| Belgium | 0.9 | 2.0 | 1.0 | 3.1 | 51.0% |
| Others | 93.5 | 117 | 79.6 | 187 | 26.0% |
| Total | 174 | 215 | 137 | 306 | 20.7% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Kuwait in 2022:
- Netherlands (19.9K tons)
- New Zealand (3.5K tons)
- United Arab Emirates (1.0K tons)
- Belgium (0.7K tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kuwait
After three years of growth, overseas shipments of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -90.3% to 260 tons in 2022. In general, exports faced a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 81%. As a result, the exports reached the peak of 2.7K tons, and then fell significantly in the following year.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% shrank sharply to $825K in 2022. Over the period under review, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, the exports attained the peak of $4.6M, and then declined notably in the following year.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 1,545 | 1,072 | 619 | 297 | -42.3% |
| Oman | 178 | 185 | 127 | 73.1 | -25.7% |
| Palestine | N/A | N/A | N/A | 40.1 | 0% |
| Iran | 123 | 85.1 | 59.1 | 34.2 | -34.7% |
| Saudi Arabia | 97.4 | 79.6 | 38.2 | 17.3 | -43.8% |
| Bahrain | 47.4 | 43.1 | 26.0 | 12.9 | -35.2% |
| Qatar | 14.6 | 13.1 | 7.7 | 3.8 | -36.2% |
| Others | 20.8 | 1,177 | 3,680 | 347 | 155.5% |
| Total | 2,026 | 2,655 | 4,557 | 825 | -25.9% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Kuwait in 2022:
- Iraq (134.4 tons)
- Oman (25.3 tons)
- Iran (14.8 tons)
- Saudi Arabia (11.0 tons)
- Qatar (8.2 tons)
- Palestine (6.3 tons)
- Bahrain (4.3 tons)
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