Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Mexico - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Mexico (FOB) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Mexico (CIF) - 2024
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Mexico
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Mexico
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Mexico (FOB) - 2024
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,631 per ton in April 2024, declining by -41.2% against the previous month. In general, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 263% month-to-month. The export price peaked at $8,046 per ton in January 2024; however, from February 2024 to April 2024, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In April 2024, the country with the highest price was Belize ($4,585 per ton), while the average price for exports to Cuba stood at $3,280 per ton.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+1.3%), while the prices for the other major destinations experienced a decline.
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Mexico (CIF) - 2024
In April 2024, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,210 per ton, reducing by -2.8% against the previous month. Over the period under review, the import price recorded a pronounced setback. The growth pace was the most rapid in February 2024 an increase of 74% m-o-m. As a result, import price reached the peak level of $5,705 per ton. From March 2024 to April 2024, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for New Zealand.
From April 2023 to April 2024, the rate of growth in terms of prices for the United States amounted to +0.7% per month.
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Mexico
In 2022, shipments abroad of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -67.4% to 6.2K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 6.4%. As a result, the exports attained the peak of 26K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped significantly to $30M in 2022. In general, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2020 when exports increased by 7.5%. As a result, the exports reached the peak of $89M. 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.6 | 34.3 | 28.9 | 12.7 | -19.8% |
| Belize | 2.5 | 2.8 | 2.7 | 2.5 | 0.0% |
| Venezuela | 5.3 | N/A | N/A | N/A | 0% |
| Cuba | 8.1 | 7.5 | 6.6 | N/A | -9.7% |
| Others | 42.6 | 44.7 | 38.2 | 15.2 | -29.1% |
| Total | 83.1 | 89.3 | 76.3 | 30.5 | -28.4% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Mexico in 2022:
- United States (2.5K tons)
- Belize (0.6K tons)
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Mexico
In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% imported into Mexico dropped remarkably to 2.5K tons, declining by -69.3% compared with 2021. Over the period under review, imports faced a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 266%. As a result, imports reached the peak of 8.3K tons, and then contracted remarkably in the following year.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped dramatically to $12M in 2022. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 82%. As a result, imports attained the peak of $27M, and then fell notably in the following year.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.7 | 7.4 | 12.9 | 4.6 | -11.8% |
| New Zealand | 2.9 | N/A | 0.5 | 1.3 | -23.5% |
| Others | 9.6 | 7.4 | 13.4 | 5.9 | -15.0% |
| Total | 19.2 | 14.7 | 26.8 | 11.7 | -15.2% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Mexico in 2022:
- United States (993.8 tons)
- New Zealand (280.4 tons)
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