Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Lithuania - 2024

Contents:

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

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

In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $4,499 per ton, rising by 11% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for powdered unsweetened milk and cream of fat weight content over 1.5% increased by +77.5% against 2015 indices. The growth pace was the most rapid in 2013 an increase of 33% against the previous year. As a result, the export price reached the peak level of $4,631 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($5,498 per ton), while the average price for exports to Georgia ($2,721 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 Hungary (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,495 per ton in 2022, reducing by -2.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs at $4,329 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($7,226 per ton), while the price for the Czech Republic ($2,552 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.2%), 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 Lithuania

In 2022, exports of powdered unsweetened milk and cream of fat weight content over 1.5% from Lithuania dropped notably to 137 tons, waning by -75.1% compared with the previous year. In general, exports saw a precipitous decrease. The smallest decline of -30.8% was in 2021.

In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% fell dramatically to $618K in 2022. Over the period under review, exports faced a sharp decline. The smallest decline of -32.8% was in 2021.

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

1. Hungary (26.2 tons)
2. Poland (22.7 tons)
3. Belgium (21.4 tons)
4. Italy (20.5 tons)
5. Latvia (19.5 tons)
6. Estonia (16.3 tons)
7. Georgia (10.2 tons)
8. Kazakhstan (0.5 tons)

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

For the third year in a row, Lithuania recorded decline in overseas purchases of powdered unsweetened milk and cream of fat weight content over 1.5%, which decreased by -48.2% to 176 tons in 2022. Overall, imports recorded a sharp descent. The smallest decline of -32.5% was in 2020.

In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% contracted significantly to $613K in 2022. In general, imports continue to indicate a sharp decrease. The smallest decline of -26.4% was in 2020.

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

1. Czech Republic (87.6 tons)
2. Poland (68.0 tons)
3. Germany (12.1 tons)
4. Ukraine (6.0 tons)
5. Latvia (0.3 tons)

Source: IndexBox Market Intelligence Platform