Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Serbia - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Serbia (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Serbia (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Serbia
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Serbia
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Serbia (CIF) - 2024
In April 2024, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,562 per ton, with a decrease of -10% against the previous month. Overall, the import price recorded a slight curtailment. The growth pace was the most rapid in November 2023 when the average import price increased by 15% against the previous month. The import price peaked at $4,192 per ton in April 2023; however, from May 2023 to April 2024, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In April 2024, the country with the highest price was the Czech Republic ($4,341 per ton), while the price for Belarus totaled $3,507 per ton.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by France (+0.7%), 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 Serbia (FOB) - 2022
In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $4,828 per ton, rising by 23% against the previous year. Over the period under review, the export price showed slight growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 239% against the previous year. The export price peaked at $5,163 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 Ukraine ($18,345 per ton), while the average price for exports to Bosnia and Herzegovina amounted to $4,509 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+0.7%).
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Serbia
In 2022, overseas purchases of powdered unsweetened milk and cream of fat weight content over 1.5% increased by 282% to 5.7K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw significant growth. As a result, imports reached 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 $29M in 2022. In general, imports continue to indicate a significant increase. 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 Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | N/A | 4.0 | 0% |
| Poland | 0.2 | 0.5 | 0.8 | 3.5 | 159.6% |
| Czech Republic | 1.5 | 1.6 | 1.2 | 3.4 | 31.4% |
| Germany | 0.2 | N/A | 0.1 | 1.6 | 100.0% |
| France | N/A | N/A | N/A | 0.9 | 0% |
| Netherlands | 1.3 | 0.5 | 0.8 | 0.4 | -32.5% |
| Sweden | N/A | N/A | N/A | 0.4 | 0% |
| Others | 3.5 | 3.1 | 2.9 | 14.7 | 61.3% |
| Total | 6.7 | 5.8 | 5.8 | 28.9 | 62.8% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Serbia in 2022:
- Denmark (733.4 tons)
- Poland (701.1 tons)
- Czech Republic (668.4 tons)
- Germany (322.2 tons)
- France (215.3 tons)
- Sweden (115.0 tons)
- Netherlands (64.5 tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Serbia
In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% exported from Serbia soared to 105 tons, growing by 45% against 2021 figures. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 421%. As a result, the exports attained the peak of 115 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% soared to $506K in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 262%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 24.5 | 12.4 | 141 | 231 | 111.3% |
| Ukraine | N/A | N/A | N/A | 22.1 | 0% |
| North Macedonia | 15.6 | 133 | N/A | N/A | 752.6% |
| Others | 40.1 | 145 | 141 | 253 | 84.8% |
| Total | 80.2 | 290 | 282 | 506 | 84.8% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Serbia in 2022:
- Bosnia and Herzegovina (51.2 tons)
- Ukraine (1.2 tons)
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