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

Contents:

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

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

The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,523 per ton in 2022, picking up by 4.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 22%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Belgium ($4,880 per ton), while the price for Uruguay ($3,016 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,226 per ton in 2022, picking up by 183% against the previous year. Overall, the export price showed a strong expansion. The export price peaked at $5,251 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($7,643 per ton), while the average price for exports to the United Arab Emirates stood at $3,455 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+14.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, overseas purchases of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -27.5% to 491 tons, falling for the second year in a row after two years of growth. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 6.7% against the previous year. As a result, imports reached the peak of 689 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 markedly to $1.7M in 2022. Over the period under review, imports recorded a slight contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of $2.3M, and then dropped markedly in the following year.

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

1. New Zealand (137.1 tons)
2. Uruguay (47.8 tons)
3. Turkey (40.0 tons)
4. Belgium (15.0 tons)

Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Pakistan

In 2022, overseas shipments of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -31% to 42 tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 588% against the previous year. As a result, the exports reached the peak of 131 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% surged to $177K in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 140%. As a result, the exports reached the peak of $218K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Pakistan in 2022:

1. United Arab Emirates (34.0 tons)
2. Burkina Faso (7.7 tons)

Source: IndexBox Market Intelligence Platform