Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Oman - 2022
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Oman (FOB) - 2022
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Oman (CIF) - 2022
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Oman
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Oman
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Oman (FOB) - 2022
In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $4,847 per ton, increasing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 an increase of 22%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iraq ($4,862 per ton) and Somalia ($4,862 per ton), while the average price for exports to the United Arab Emirates ($4,824 per ton) and Qatar ($4,862 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+5.0%), 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 Oman (CIF) - 2022
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,046 per ton in 2022, increasing by 18% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +33.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the maximum at $4,387 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Denmark ($4,132 per ton) and Australia ($4,132 per ton), while the price for China ($2,948 per ton) and the United Arab Emirates ($3,002 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+14.4%), 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 Oman
In 2022, after two years of decline, there was significant growth in overseas shipments of powdered unsweetened milk and cream of fat weight content over 1.5%, when their volume increased by 828% to 128K tons. Overall, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% skyrocketed to $619M in 2022. In general, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 57.5 | 9.3 | 6.8 | 61.2 | 2.1% |
| Somalia | 32.0 | 6.2 | 5.5 | 57.0 | 21.2% |
| Saudi Arabia | 44.4 | 7.9 | 6.0 | 52.8 | 5.9% |
| United Arab Emirates | 14.3 | 2.8 | 1.6 | 35.7 | 35.7% |
| Qatar | 14.4 | 2.1 | 1.3 | 21.7 | 14.6% |
| Kenya | 8.8 | 1.9 | 1.9 | 18.3 | 27.6% |
| Djibouti | 6.7 | 1.3 | 1.5 | 15.5 | 32.3% |
| Jordan | 7.8 | 1.6 | 1.4 | 14.8 | 23.8% |
| Maldives | 10.0 | 1.2 | 0.9 | 8.0 | -7.2% |
| Tanzania | 2.9 | 0.4 | 0.4 | 5.7 | 25.3% |
| Cameroon | 3.2 | 0.3 | 0.2 | 5.1 | 16.8% |
| Others | 228 | 39.7 | 31.6 | 323 | 12.3% |
| Total | 430 | 74.7 | 59.2 | 619 | 12.9% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Oman in 2022:
- Iraq (12.6K tons)
- Somalia (11.7K tons)
- Saudi Arabia (10.9K tons)
- United Arab Emirates (7.4K tons)
- Qatar (4.5K tons)
- Kenya (3.8K tons)
- Djibouti (3.2K tons)
- Jordan (3.0K tons)
- Maldives (1.7K tons)
- Tanzania (1.2K tons)
- Cameroon (1.1K tons)
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Oman
In 2022, overseas purchases of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -53.3% to 70K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 20%. As a result, imports attained the peak of 162K 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% fell sharply to $285M in 2022. Over the period under review, imports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 72.8 | 64.2 | 70.7 | 32.5 | -23.6% |
| United Arab Emirates | 29.6 | 22.6 | 17.6 | 10.2 | -29.9% |
| New Zealand | 18.2 | 40.2 | 31.8 | 4.3 | -38.2% |
| Germany | 3.2 | 4.0 | 4.7 | 3.9 | 6.8% |
| China | 4.0 | 5.9 | 6.7 | 3.2 | -7.2% |
| Malaysia | 1.4 | 0.7 | 3.3 | 2.6 | 22.9% |
| Morocco | N/A | 2.7 | N/A | 1.9 | -16.1% |
| Singapore | 3.6 | 6.8 | 3.9 | 0.4 | -51.9% |
| Netherlands | 3.0 | 4.6 | 4.8 | 0.2 | -59.5% |
| Others | 275 | 351 | 374 | 226 | -6.3% |
| Total | 411 | 503 | 518 | 285 | -11.5% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Oman in 2022:
- Denmark (7.9K tons)
- United Arab Emirates (3.4K tons)
- China (1.1K tons)
- New Zealand (1.0K tons)
- Germany (0.9K tons)
- Malaysia (0.6K tons)
- Morocco (0.5K tons)
- Netherlands (0.1K tons)
- Singapore (0.1K tons)
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