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

Contents:

1. Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Luxembourg (CIF) - 2023
2. Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Luxembourg (FOB) - 2022
3. Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Luxembourg
4. Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Luxembourg

Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Luxembourg (CIF) - 2023

The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $6,459 per ton in December 2023, surging by 82% against the previous month. Over the period under review, import price indicated a strong expansion from December 2022 to December 2023: its price increased at an average monthly rate of +5.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for powdered unsweetened milk and cream of fat weight content over 1.5% increased by +82.0% against November 2023 indices. The growth pace was the most rapid in January 2023 when the average import price increased by 95% m-o-m. The import price peaked at $7,476 per ton in July 2023; however, from August 2023 to December 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($7,926 per ton), while the price for Germany ($1,972 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), 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 Luxembourg (FOB) - 2022

In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,431 per ton, with a decrease of -10.1% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of 18% against the previous year. Over the period under review, the average export prices reached the maximum at $4,821 per ton in 2012; however, from 2013 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 Belgium ($9,983 per ton), while the average price for exports to France amounted to $3,294 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.5%).

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

In 2022, imports of powdered unsweetened milk and cream of fat weight content over 1.5% into Luxembourg was estimated at 232 tons, surging by 3.4% on 2021. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 67% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% expanded significantly to $1.1M in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 56%.

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

1. Italy (152.8 tons)
2. Belgium (67.8 tons)
3. France (4.6 tons)

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

In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% exported from Luxembourg surged to 105 tons, jumping by 101% against the previous year. In general, exports showed buoyant growth. 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% skyrocketed to $360K in 2022. Overall, exports saw a mild expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. France (102.9 tons)
2. Belgium (1.0 tons)

Source: IndexBox Market Intelligence Platform