Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Qatar - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Qatar (CIF) - 2024
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Qatar
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Qatar (CIF) - 2024
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,887 per ton in May 2024, with a decrease of -11.4% against the previous month. Overall, the import price saw a noticeable decline. The pace of growth was the most pronounced in August 2023 an increase of 20% m-o-m. The import price peaked at $5,438 per ton in May 2023; however, from June 2023 to May 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($7,188 per ton), while the price for Singapore ($2,596 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Qatar
After two years of decline, supplies from abroad of powdered unsweetened milk and cream of fat weight content over 1.5% increased by 83% to 13K tons in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% soared to $61M in 2022. In general, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 15.7 | 11.7 | 8.5 | 16.9 | 2.5% |
| Netherlands | 14.0 | 10.1 | 5.2 | 8.3 | -16.0% |
| France | 3.3 | 2.8 | 2.6 | 5.1 | 15.6% |
| Singapore | 2.4 | 1.6 | 3.8 | 4.7 | 25.1% |
| Uruguay | N/A | N/A | 0.1 | 4.6 | 4500.0% |
| Australia | N/A | N/A | 0.2 | 3.7 | 1750.0% |
| New Zealand | 1.2 | 3.7 | 0.7 | 3.0 | 35.7% |
| Italy | N/A | N/A | N/A | 2.6 | 0% |
| Turkey | N/A | N/A | 0.2 | 2.2 | 1000.0% |
| Morocco | 1.0 | N/A | 1.9 | 1.9 | 23.9% |
| Germany | 0.4 | 0.1 | N/A | 1.7 | 62.0% |
| Ireland | N/A | N/A | N/A | 1.6 | 0% |
| Belgium | 3.0 | 3.7 | 4.3 | 1.4 | -22.4% |
| Others | 4.9 | 6.0 | 1.8 | 3.4 | -11.5% |
| Total | 45.9 | 39.9 | 29.4 | 61.2 | 10.1% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Qatar in 2022:
- Oman (2933.6 tons)
- France (1287.6 tons)
- Netherlands (1249.1 tons)
- Australia (1136.2 tons)
- Singapore (1027.0 tons)
- Uruguay (950.0 tons)
- New Zealand (861.2 tons)
- Italy (649.6 tons)
- Turkey (409.0 tons)
- Morocco (396.1 tons)
- Ireland (358.9 tons)
- Germany (337.8 tons)
- Belgium (324.9 tons)
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