Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Peru - 2022
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Peru (CIF) - 2022
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Peru (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Peru
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Peru
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Peru (CIF) - 2022
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,444 per ton in 2022, picking up by 23% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +42.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 30% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($5,738 per ton), while the price for Argentina ($2,458 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.7%), 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 Peru (FOB) - 2022
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $2,467 per ton in 2022, jumping by 21% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for powdered unsweetened milk and cream of fat weight content over 1.5% increased by +65.2% against 2013 indices. The growth pace was the most rapid in 2013 when the average export price increased by 36%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Antigua and Barbuda ($3,119 per ton), while the average price for exports to Chile ($534 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Dominica (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Peru
In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% imported into Peru rose slightly to 66K tons, with an increase of 3.3% against 2021. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% surged to $293M in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 51%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 36.6 | 9.8 | 37.7 | 42.3 | 4.9% |
| United Kingdom | 0.1 | 1.5 | 2.4 | 16.5 | 448.5% |
| Netherlands | 3.5 | 4.0 | 13.6 | 8.8 | 36.0% |
| Bolivia | 4.7 | 5.5 | 10.4 | 8.7 | 22.8% |
| Belgium | 1.0 | 0.7 | 1.2 | 1.9 | 23.9% |
| Ireland | 1.3 | 4.7 | 2.5 | 1.5 | 4.9% |
| Others | 88.3 | 127 | 164 | 214 | 34.3% |
| Total | 135 | 154 | 231 | 293 | 29.5% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Peru in 2022:
- New Zealand (9.9K tons)
- United Kingdom (2.9K tons)
- Netherlands (2.4K tons)
- Bolivia (2.0K tons)
- Ireland (0.4K tons)
- Belgium (0.4K tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Peru
Exports of powdered unsweetened milk and cream of fat weight content over 1.5% from Peru reduced sharply to 26 tons in 2022, which is down by -41.1% on 2021 figures. Over the period under review, exports recorded a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 170%.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped dramatically to $64K in 2022. Overall, exports recorded a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 212%.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Antigua and Barbuda | 63.1 | 14.3 | 32.8 | 30.5 | -21.5% |
| Dominica | 35.9 | 6.0 | 34.6 | 21.9 | -15.2% |
| Grenada | 18.0 | 4.8 | 14.2 | 7.9 | -24.0% |
| Cuba | 13.1 | 3.0 | 7.6 | 2.8 | -40.2% |
| Chile | 0.8 | 0.1 | 0.1 | 0.4 | -20.6% |
| Others | N/A | 0.5 | 0.3 | 0.5 | 0.0% |
| Total | 131 | 28.7 | 89.6 | 64.0 | -21.2% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Peru in 2022:
- Antigua and Barbuda (9.8 tons)
- Dominica (8.6 tons)
- Grenada (5.7 tons)
- Cuba (0.9 tons)
- Chile (0.8 tons)
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