Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Myanmar - 2023
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Myanmar (CIF) - 2023
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Myanmar
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Myanmar (CIF) - 2023
In December 2023, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,725 per ton, growing by 3.4% against the previous month. Overall, the import price, however, showed a slight setback. The import price peaked at $4,323 per ton in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Ireland ($4,200 per ton), while the price for New Zealand stood at $3,608 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Ireland (0.0%), while the prices for the other major suppliers experienced a decline.
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Myanmar
In 2022, supplies from abroad of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -41.3% to 8K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. As a result, imports attained the peak of 15K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped significantly to $34M in 2022. Over the period under review, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 34% against the previous year.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 17.3 | 23.7 | 24.5 | 15.6 | -3.4% |
| Ireland | N/A | N/A | N/A | 0.8 | 0% |
| Malaysia | N/A | N/A | N/A | 0.5 | 0% |
| Others | 18.1 | 23.8 | 24.6 | 17.0 | -2.1% |
| Total | 35.4 | 47.5 | 49.2 | 34.0 | -1.3% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Myanmar in 2022:
- New Zealand (3.7K tons)
- Malaysia (0.2K tons)
- Ireland (0.1K tons)
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