Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Nepal - 2022
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Nepal (CIF) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Nepal
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Nepal (CIF) - 2022
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,636 per ton in 2022, growing by 38% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.0% 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 +35.9% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($7,026 per ton), while the price for Germany ($963 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Nepal
In 2022, approx. 24 tons of powdered unsweetened milk and cream of fat weight content over 1.5% were imported into Nepal; shrinking by -82.9% compared with the previous year. In general, imports recorded a significant decline. The smallest decline of -25.5% was in 2021.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% declined notably to $111K in 2022. Overall, imports recorded a dramatic shrinkage. The smallest decline of -21.3% was in 2021.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 71.7 | 100 | 51.2 | 28.5 | -26.5% |
| New Zealand | 413 | 124 | 123 | 23.0 | -61.8% |
| Malaysia | 50.5 | 13.6 | 18.3 | 7.6 | -46.8% |
| Netherlands | 43.9 | 12.0 | 16.5 | 6.3 | -47.6% |
| United Arab Emirates | 75.0 | 19.0 | 16.9 | 4.5 | -60.9% |
| Sri Lanka | 27.3 | 8.5 | 14.4 | 4.5 | -45.2% |
| India | 26.9 | 10.1 | 8.2 | 3.2 | -50.8% |
| Germany | 8.3 | 1.8 | 1.9 | 0.6 | -58.3% |
| Ireland | 17.0 | 3.4 | N/A | N/A | -80.0% |
| Others | 692 | 305 | 219 | 32.8 | -63.8% |
| Total | 1,426 | 597 | 470 | 111 | -57.3% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Nepal in 2022:
- Uruguay (8.9 tons)
- New Zealand (3.3 tons)
- Malaysia (2.2 tons)
- Netherlands (1.1 tons)
- India (1.0 tons)
- Sri Lanka (1.0 tons)
- United Arab Emirates (0.8 tons)
- Germany (0.7 tons)
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