Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand (FOB) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand (CIF) - 2022
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand (FOB) - 2024
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,432 per ton in May 2024, approximately mirroring the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2024 when the average export price increased by 4.8% month-to-month. Over the period under review, the average export prices hit record highs in May 2024.
Average prices varied noticeably for the major foreign markets. In May 2024, the countries with the highest prices were Australia ($3,677 per ton) and Malaysia ($3,578 per ton), while the average price for exports to Thailand ($3,130 per ton) and Indonesia ($3,198 per ton) were amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+0.8%), 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 New Zealand (CIF) - 2022
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $8,716 per ton in 2022, falling by -19.3% against the previous year. In general, the import price, however, enjoyed slight growth. The growth pace was the most rapid in 2017 an increase of 42% against the previous year. Over the period under review, average import prices hit record highs at $10,807 per ton in 2021, and then shrank sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($11,400 per ton), while the price for France ($3,869 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+14.0%), 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 New Zealand
In 2022, approx. 2.7M tons of powdered unsweetened milk and cream of fat weight content over 1.5% were exported from New Zealand; falling by -18.1% against 2021 figures. Over the period under review, exports showed a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 7.5% against the previous year. As a result, the exports attained the peak of 3.2M tons, and then fell markedly in the following year.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% contracted to $10.7B in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of $11.7B, and then dropped in the following year.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,933 | 1,893 | 2,967 | 1,731 | -3.6% |
| Algeria | 260 | 237 | 163 | 452 | 20.2% |
| Indonesia | 156 | 143 | 203 | 375 | 34.0% |
| United Arab Emirates | 253 | 269 | 312 | 301 | 6.0% |
| Bangladesh | 221 | 186 | 220 | 272 | 7.2% |
| Thailand | 143 | 147 | 192 | 257 | 21.6% |
| Saudi Arabia | 108 | 131 | 139 | 207 | 24.2% |
| Malaysia | 174 | 162 | 156 | 183 | 1.7% |
| Australia | 125 | 150 | 140 | 177 | 12.3% |
| Singapore | 111 | 111 | 138 | 171 | 15.5% |
| Taiwan (Chinese) | 106 | 121 | 145 | 150 | 12.3% |
| Nigeria | 93.2 | 108 | 146 | 134 | 12.9% |
| Vietnam | 134 | 128 | 132 | 129 | -1.3% |
| Others | 5,554 | 5,591 | 6,659 | 6,206 | 3.8% |
| Total | 9,373 | 9,379 | 11,713 | 10,743 | 4.7% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from New Zealand in 2022:
- China (428.2K tons)
- Algeria (113.7K tons)
- Indonesia (93.6K tons)
- United Arab Emirates (74.9K tons)
- Bangladesh (69.4K tons)
- Thailand (65.6K tons)
- Saudi Arabia (50.0K tons)
- Singapore (47.2K tons)
- Malaysia (41.5K tons)
- Australia (41.1K tons)
- Taiwan (Chinese) (36.3K tons)
- Vietnam (32.7K tons)
- Nigeria (32.4K tons)
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand
In 2022, imports of powdered unsweetened milk and cream of fat weight content over 1.5% into New Zealand contracted rapidly to 1.9K tons, waning by -35.2% on 2021. Overall, imports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 4.5% against the previous year.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% declined notably to $17M in 2022. Over the period under review, imports faced a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 5% against the previous year.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.9 | 0.1 | N/A | 3.5 | 57.3% |
| Germany | 10.5 | 4.2 | 11.1 | 3.0 | -34.1% |
| Australia | 2.7 | 0.9 | 1.3 | 0.9 | -30.7% |
| Netherlands | 3.7 | 1.8 | 0.1 | 0.1 | -70.0% |
| France | N/A | N/A | N/A | 0.1 | 0% |
| Austria | 4.6 | 1.3 | 0.4 | N/A | -70.5% |
| Greece | 5.6 | 5.3 | N/A | N/A | -5.4% |
| Italy | 4.4 | 1.4 | 2.6 | N/A | -23.1% |
| Others | 33.3 | 15.8 | 16.7 | 9.4 | -34.4% |
| Total | 65.8 | 30.8 | 32.3 | 16.9 | -36.4% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to New Zealand in 2022:
- Spain (338.8 tons)
- Germany (260.3 tons)
- Australia (136.6 tons)
- France (16.1 tons)
- Netherlands (5.2 tons)
- Italy (4.4 tons)
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