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

Contents:

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

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

In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $4,789 per ton, remaining stable against the previous year. Over the period under review, the export price enjoyed perceptible growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 199% against the previous year. Over the period under review, the average export prices hit record highs at $6,844 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($4,872 per ton), while the average price for exports to Oman amounted to $4,738 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+22.0%), 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 Morocco (CIF) - 2022

The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,755 per ton in 2022, jumping by 25% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for powdered unsweetened milk and cream of fat weight content over 1.5% increased by +93.0% against 2016 indices. The growth pace was the most rapid in 2017 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Ireland ($5,391 per ton), while the price for Spain ($1,942 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.3%), 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 Morocco

In 2022, exports of powdered unsweetened milk and cream of fat weight content over 1.5% from Morocco skyrocketed to 1K tons, rising by 157% compared with the year before. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 324%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% surged to $5M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached 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 Morocco in 2022:

1. Oman (642.2 tons)
2. Qatar (396.1 tons)

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

In 2022, supplies from abroad of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -71.6% to 265 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports faced a dramatic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 76% against the previous year. As a result, imports reached the peak of 936 tons, and then reduced markedly in the following year.

In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped dramatically to $1.3M in 2022. In general, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 92% against the previous year. As a result, imports attained the peak of $3.6M, and then shrank sharply in the following year.

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

1. Netherlands (50.0 tons)
2. France (38.0 tons)
3. Ireland (24.9 tons)
4. Germany (12.2 tons)
5. Spain (7.6 tons)

Source: IndexBox Market Intelligence Platform