Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Latvia - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Latvia (FOB) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Latvia (CIF) - 2022
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Latvia
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Latvia
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Latvia (FOB) - 2024
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $6,576 per ton in March 2024, standing approximately at the previous month. In general, the export price, however, continues to indicate perceptible growth. The growth pace was the most rapid in December 2023 when the average export price increased by 152% month-to-month. As a result, the export price reached the peak level of $16,588 per ton. From January 2024 to March 2024, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Kazakhstan.
From March 2023 to March 2024, the rate of growth in terms of prices for Kazakhstan amounted to +2.2% per month.
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Latvia (CIF) - 2022
In 2022, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $4,678 per ton, rising by 27% against the previous year. Overall, the import price posted a noticeable increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 116%. The import price peaked in 2022 and is likely to continue growth in years to come.
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 Germany ($5,832 per ton), while the price for Lithuania ($2,361 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+26.4%), 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 Latvia
In 2022, overseas shipments of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -53.1% to 509 tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,074%. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped dramatically to $2.8M in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 3,068%. As a result, the exports reached the peak of $4.3M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | 4.2 | 4.1 | 2.8 | -18.4% |
| Poland | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 0.1 | 4.3 | 4.1 | 2.8 | 203.7% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Latvia in 2022:
- Kazakhstan (504.0 tons)
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Latvia
In 2022, purchases abroad of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -52.3% to 501 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,137% against the previous year. As a result, imports attained the peak of 1.3K 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% dropped notably to $2.3M in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,359% against the previous year. As a result, imports attained the peak of $4.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 39.9 | 3,888 | 3,532 | 1,956 | 266.0% |
| Lithuania | 46.0 | 276 | 150 | 244 | 74.4% |
| France | N/A | N/A | N/A | 113 | 0% |
| Germany | 47.5 | 98.3 | 73.1 | 14.8 | -32.2% |
| Others | 164 | 83.0 | 122 | 17.7 | -52.4% |
| Total | 298 | 4,346 | 3,876 | 2,346 | 98.9% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Latvia in 2022:
- Poland (365.9 tons)
- Lithuania (103.2 tons)
- France (23.9 tons)
- Germany (2.5 tons)
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