Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in South Africa - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in South Africa (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in South Africa (FOB) - 2024
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in South Africa
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in South Africa
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in South Africa (CIF) - 2024
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,659 per ton in May 2024, picking up by 17% against the previous month. Overall, the import price posted a modest expansion. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 118% month-to-month. As a result, import price reached the peak level of $7,776 per ton. From October 2023 to May 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was Hungary ($7,090 per ton), while the price for New Zealand ($3,271 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 France (+2.0%), 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 South Africa (FOB) - 2024
In May 2024, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $3,918 per ton, with a decrease of -13.8% against the previous month. Over the period under review, the export price showed a mild shrinkage. The growth pace was the most rapid in November 2023 when the average export price increased by 25% against the previous month. The export price peaked at $4,620 per ton in May 2023; however, from June 2023 to May 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Swaziland ($7,464 per ton), while the average price for exports to Democratic Republic of the Congo ($1,310 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Comoros (+1.9%), 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 South Africa
In 2022, after three years of growth, there was significant decline in supplies from abroad of powdered unsweetened milk and cream of fat weight content over 1.5%, when their volume decreased by -27.3% to 7.4K tons. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.0% 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 +40.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 53%. As a result, imports reached the peak of 10K tons, and then shrank remarkably in the following year.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% reduced to $34M in 2022. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. As a result, imports attained the peak of $37M, and then declined in the following year.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 0.4 | 0.3 | 0.7 | 6.7 | 155.9% |
| New Zealand | 3.8 | 4.2 | 11.5 | 3.1 | -6.6% |
| Germany | 1.9 | 2.4 | 2.4 | 3.0 | 16.4% |
| Netherlands | 0.3 | 1.1 | 1.0 | 2.0 | 88.2% |
| Malaysia | 1.0 | 0.6 | 0.3 | 0.5 | -20.6% |
| Belgium | N/A | 0.7 | N/A | 0.5 | -15.5% |
| Italy | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| France | 0.1 | 0.1 | 0.6 | 0.2 | 26.0% |
| Others | 9.7 | 11.1 | 19.8 | 17.3 | 21.3% |
| Total | 17.3 | 20.8 | 36.8 | 33.8 | 25.0% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to South Africa in 2022:
- Uruguay (1407.2 tons)
- New Zealand (836.3 tons)
- Germany (624.0 tons)
- Netherlands (540.6 tons)
- Italy (108.0 tons)
- Belgium (95.0 tons)
- Malaysia (94.0 tons)
- France (43.4 tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in South Africa
In 2022, overseas shipments of powdered unsweetened milk and cream of fat weight content over 1.5% increased by 78% to 6K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% skyrocketed to $27M in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 1,006 | 1,599 | 3,122 | 5,657 | 77.8% |
| Zambia | 1,174 | 1,280 | 1,047 | 4,010 | 50.6% |
| Swaziland | 813 | 328 | 360 | 1,232 | 14.9% |
| Democratic Republic of the Congo | 1,344 | 1,222 | 599 | 889 | -12.9% |
| Gabon | 341 | 356 | 262 | 523 | 15.3% |
| Namibia | 153 | 58.2 | 316 | 339 | 30.4% |
| Mozambique | 258 | 9.5 | 19.6 | 336 | 9.2% |
| Angola | 2,165 | 443 | 369 | 260 | -50.7% |
| Others | 7,877 | 7,180 | 6,908 | 13,854 | 20.7% |
| Total | 15,131 | 12,476 | 13,003 | 27,100 | 21.4% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from South Africa in 2022:
- Zimbabwe (1327.1 tons)
- Zambia (904.6 tons)
- Swaziland (204.2 tons)
- Democratic Republic of the Congo (143.1 tons)
- Mozambique (120.2 tons)
- Namibia (104.1 tons)
- Gabon (85.8 tons)
- Angola (43.0 tons)
144
This report provides an in-depth analysis of the whole powdered milk market in South Africa.
550
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in South Africa.
1034
This report provides an in-depth analysis of the market for evaporated and condensed milk in South Africa.
485
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in South Africa.
645
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in South Africa.
837
This report provides an in-depth analysis of the powdered milk market in South Africa.
137
This report provides an in-depth analysis of the skim powdered milk market in South Africa.
358
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in South Africa.
180
This report provides an in-depth analysis of the global whole powdered milk market.
1606
This report provides an in-depth analysis of the global market for powdered, condensed or evaporated milk.
197
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
1402
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1772
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
437
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
49
Explore the world's best import markets for skim powdered milk and understand the key statistics and trends in the industry.
463
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
197
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
1402
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1772
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
437
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
