Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia (FOB) - 2024
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia (CIF) - 2024
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,913 per ton in May 2024, remaining relatively unchanged against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2024 an increase of 7.3% against the previous month. The import price peaked at $3,963 per ton in April 2024, and then reduced modestly in the following month.
Average prices varied noticeably amongst the major supplying countries. In May 2024, the country with the highest price was the Netherlands ($4,529 per ton), while the price for New Zealand totaled $3,900 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by New Zealand (+0.5%).
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia (FOB) - 2024
In May 2024, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $4,155 per ton, surging by 5.4% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2024 when the average export price increased by 8.6% month-to-month. Over the period under review, the average export prices hit record highs in May 2024.
There were significant differences in the average prices for the major export markets. In May 2024, the country with the highest price was China ($7,189 per ton), while the average price for exports to Venezuela ($2,815 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.7%), 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 Malaysia
After two years of decline, supplies from abroad of powdered unsweetened milk and cream of fat weight content over 1.5% increased by 7% to 90K tons in 2022. In general, imports, however, recorded a deep reduction.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% soared to $412M in 2022. Over the period under review, imports saw a slight expansion. As a result, imports attained 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 Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 175 | 159 | 153 | 194 | 3.5% |
| Singapore | 1.1 | 1.0 | 1.0 | 2.6 | 33.2% |
| Australia | 10.9 | 0.1 | 6.3 | 2.0 | -43.2% |
| Ireland | 5.4 | 5.7 | 2.7 | 1.7 | -32.0% |
| Netherlands | 4.8 | 4.4 | 3.0 | 1.5 | -32.1% |
| Others | 203 | 176 | 178 | 210 | 1.1% |
| Total | 400 | 346 | 344 | 412 | 1.0% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Malaysia in 2022:
- New Zealand (42.1K tons)
- Singapore (0.8K tons)
- Ireland (0.6K tons)
- Australia (0.5K tons)
- Netherlands (0.3K tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia
In 2022, exports of powdered unsweetened milk and cream of fat weight content over 1.5% from Malaysia reduced rapidly to 39K tons, which is down by -24.8% against the year before. Over the period under review, exports saw a dramatic curtailment. The smallest decline of -22.2% was in 2020.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% declined to $167M in 2022. In general, exports recorded a abrupt downturn.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Somalia | 13.7 | 14.7 | 15.9 | 15.1 | 3.3% |
| Bangladesh | 5.4 | 7.6 | 10.0 | 7.2 | 10.1% |
| Democratic Republic of the Congo | 0.4 | 1.4 | 2.3 | 5.6 | 141.0% |
| Singapore | 4.1 | 4.3 | 5.9 | 5.2 | 8.2% |
| Myanmar | 0.9 | 0.2 | 0.5 | 4.7 | 73.5% |
| Mozambique | 5.2 | 4.0 | 5.9 | 4.7 | -3.3% |
| Angola | 19.6 | 11.0 | 5.8 | 4.6 | -38.3% |
| United Arab Emirates | 8.8 | 3.9 | 6.2 | 4.1 | -22.5% |
| Sri Lanka | 0.8 | 1.0 | 0.5 | 3.5 | 63.6% |
| Kenya | 1.5 | 2.4 | 2.7 | 2.7 | 21.6% |
| Philippines | 3.4 | 3.2 | 3.0 | 2.6 | -8.6% |
| Sudan | 19.8 | 20.5 | 5.1 | 2.2 | -51.9% |
| Algeria | 23.0 | 4.3 | 3.5 | 2.0 | -55.7% |
| Others | 193 | 164 | 120 | 103 | -18.9% |
| Total | 300 | 242 | 187 | 167 | -17.7% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Malaysia in 2022:
- Somalia (3.1K tons)
- Bangladesh (1.9K tons)
- Democratic Republic of the Congo (1.5K tons)
- United Arab Emirates (1.2K tons)
- Mozambique (1.1K tons)
- Angola (1.0K tons)
- Myanmar (1.0K tons)
- Singapore (1.0K tons)
- Algeria (0.8K tons)
- Sri Lanka (0.8K tons)
- Sudan (0.6K tons)
- Kenya (0.6K tons)
- Philippines (0.5K tons)
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