Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal (FOB) - 2024
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal (CIF) - 2024
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,122 per ton in March 2024, dropping by -3.7% against the previous month. Over the period under review, the import price recorded a mild downturn. The growth pace was the most rapid in July 2023 when the average import price increased by 18% m-o-m. The import price peaked at $5,423 per ton in April 2023; however, from May 2023 to March 2024, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In March 2024, the countries with the highest prices were Austria ($4,858 per ton) and Spain ($4,410 per ton), while the price for Germany ($3,261 per ton) and the Netherlands ($4,143 per ton) were amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Austria (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal (FOB) - 2024
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $5,254 per ton in March 2024, rising by 4.4% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2023 when the average export price increased by 11% against the previous month. The export price peaked at $5,284 per ton in March 2023; afterwards, it flattened through to March 2024.
There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was Singapore ($6,951 per ton), while the average price for exports to Angola ($3,867 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+44.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal
In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% imported into Portugal skyrocketed to 3.3K tons, growing by 36% on 2021 figures. In general, imports, however, faced a abrupt decline.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% skyrocketed to $17M in 2022. Overall, imports, however, saw a pronounced downturn.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.3 | 6.7 | 7.8 | 7.8 | 2.2% |
| Netherlands | 1.2 | 1.5 | 0.9 | 6.9 | 79.2% |
| Germany | 0.4 | 0.6 | 1.3 | 1.4 | 51.8% |
| Ireland | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
| Austria | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Others | 9.7 | 0.7 | 0.4 | 0.4 | -65.5% |
| Total | 18.8 | 9.7 | 10.7 | 16.9 | -3.5% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Portugal in 2022:
- Spain (1558.9 tons)
- Netherlands (1192.7 tons)
- Germany (298.9 tons)
- Ireland (88.5 tons)
- Austria (49.5 tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal
In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% exported from Portugal dropped slightly to 3.1K tons, declining by -3.6% compared with 2021 figures. Overall, exports recorded a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% soared to $15M in 2022. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 24%.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2,570 | 2,722 | 2,871 | 4,262 | 18.4% |
| France | 1,584 | 1,551 | 1,118 | 2,094 | 9.8% |
| Angola | 1,330 | 922 | 1,005 | 1,624 | 6.9% |
| Libya | N/A | N/A | 569 | 803 | 41.1% |
| United Arab Emirates | 576 | 414 | 356 | 606 | 1.7% |
| Bulgaria | 716 | 505 | 544 | 591 | -6.2% |
| Cabo Verde | 717 | 682 | 416 | 525 | -9.9% |
| Sao Tome and Principe | 477 | 676 | 543 | 499 | 1.5% |
| Netherlands | N/A | N/A | 481 | 451 | -6.2% |
| Malaysia | 97.3 | 92.6 | 26.4 | 355 | 53.9% |
| Germany | 4.6 | 1.4 | 75.7 | 321 | 311.7% |
| Italy | 273 | 125 | 120 | 295 | 2.6% |
| Belgium | 533 | 306 | 785 | 281 | -19.2% |
| Others | 14,423 | 1,955 | 3,393 | 2,099 | -47.4% |
| Total | 23,301 | 9,950 | 12,304 | 14,806 | -14.0% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Portugal in 2022:
- Spain (899.1 tons)
- France (371.7 tons)
- Angola (366.6 tons)
- Libya (219.0 tons)
- Bulgaria (143.3 tons)
- United Arab Emirates (111.7 tons)
- Sao Tome and Principe (106.8 tons)
- Netherlands (99.2 tons)
- Cabo Verde (98.6 tons)
- Germany (77.0 tons)
- Malaysia (69.8 tons)
- Belgium (58.2 tons)
- Italy (57.6 tons)
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