Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Russia - 2022
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Russia (CIF) - 2022
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Russia (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Russia
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Russia
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Russia (CIF) - 2022
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,907 per ton in 2022, surging by 15% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 30%. As a result, import price reached the peak level of $4,955 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Kazakhstan ($4,146 per ton) and New Zealand ($3,880 per ton), while the price for Paraguay ($3,540 per ton) and Argentina ($3,843 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+10.0%), 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 Russia (FOB) - 2022
In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $4,426 per ton, rising by 83% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +98.8% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($6,514 per ton), while the average price for exports to Kazakhstan amounted to $3,139 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+16.0%), 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 Russia
In 2022, approx. 3.2K tons of powdered unsweetened milk and cream of fat weight content over 1.5% were imported into Russia; waning by -89.5% against the previous year's figure. Over the period under review, imports recorded a dramatic contraction. The smallest decline of -9% was in 2020.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% reduced notably to $13M in 2022. In general, imports saw a sharp downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 1.4%.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 6.2 | 3.3 | N/A | 5.1 | -6.3% |
| Kazakhstan | N/A | 0.1 | N/A | 2.5 | 400.0% |
| Uruguay | 35.2 | 13.9 | 1.9 | 2.4 | -59.1% |
| New Zealand | 10.7 | 6.5 | 5.2 | 2.3 | -40.1% |
| Paraguay | 6.2 | 5.2 | 1.8 | 0.2 | -68.2% |
| Colombia | 0.2 | 2.5 | 1.9 | N/A | 208.2% |
| Belarus | 61.4 | 71.4 | 93.5 | N/A | 23.4% |
| Others | N/A | 0.2 | 0.2 | N/A | 0.0% |
| Total | 120 | 103 | 104 | 12.5 | -52.9% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Russia in 2022:
- Argentina (1330.2 tons)
- Kazakhstan (611.9 tons)
- Uruguay (609.8 tons)
- New Zealand (601.9 tons)
- Paraguay (50.0 tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Russia
In 2022, overseas shipments of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -30.7% to 1.4K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 174% against the previous year. As a result, the exports attained the peak of 2K tons, and then declined sharply in the following year.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% surged to $6.1M in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 156%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.5 | 992 | 3,372 | 8112.2% |
| Kazakhstan | 388 | 1,154 | 1,900 | 2,646 | 89.6% |
| Armenia | 1.0 | 260 | 4.0 | 3.1 | 45.8% |
| Belarus | 309 | 415 | 478 | N/A | 24.4% |
| Saudi Arabia | 36.2 | N/A | 1,366 | N/A | 514.3% |
| Others | 64.3 | 37.0 | 37.7 | 39.1 | -15.3% |
| Total | 798 | 1,867 | 4,777 | 6,060 | 96.6% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Russia in 2022:
- Kazakhstan (842.9 tons)
- China (517.6 tons)
- Armenia (0.7 tons)
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