Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Spain - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Spain (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Spain (FOB) - 2024
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Spain
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Spain
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Spain (CIF) - 2024
In March 2024, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $4,312 per ton, leveling off at the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 19% month-to-month. As a result, import price reached the peak level of $5,012 per ton. From May 2023 to March 2024, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In March 2024, the countries with the highest prices were Germany ($5,280 per ton) and Austria ($4,978 per ton), while the price for Portugal ($3,808 per ton) and the Netherlands ($3,899 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 Belgium (+1.7%), 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 Spain (FOB) - 2024
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $5,409 per ton in March 2024, increasing by 4.3% against the previous month. Overall, the export price continues to indicate a moderate expansion. The most prominent rate of growth was recorded in April 2023 an increase of 154% against the previous month. The export price peaked at $8,664 per ton in June 2023; however, from July 2023 to March 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was China ($9,124 per ton), while the average price for exports to Portugal ($4,126 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 France (+13.5%), 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 Spain
In 2022, overseas purchases of powdered unsweetened milk and cream of fat weight content over 1.5% were finally on the rise to reach 12K tons after two years of decline. In general, imports, however, saw a drastic downturn.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% soared to $57M in 2022. Over the period under review, imports, however, saw a drastic downturn.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.2 | 6.7 | 8.3 | 15.6 | 36.0% |
| France | 4.8 | 6.0 | 5.8 | 9.5 | 25.6% |
| Germany | 7.3 | 6.6 | 5.8 | 8.2 | 4.0% |
| Ireland | 3.5 | 3.9 | 5.0 | 7.7 | 30.1% |
| Portugal | 3.0 | 4.2 | 5.2 | 6.4 | 28.7% |
| Denmark | 3.2 | 0.7 | 0.9 | 2.5 | -7.9% |
| Belgium | 4.4 | 5.2 | 2.7 | 2.4 | -18.3% |
| Others | 39.0 | 3.3 | 5.7 | 5.1 | -49.2% |
| Total | 71.5 | 36.5 | 39.4 | 57.4 | -7.1% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Spain in 2022:
- Netherlands (3.2K tons)
- France (2.2K tons)
- Ireland (1.6K tons)
- Portugal (1.4K tons)
- Germany (1.4K tons)
- Denmark (0.6K tons)
- Belgium (0.5K tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Spain
Exports of powdered unsweetened milk and cream of fat weight content over 1.5% from Spain declined markedly to 3.3K tons in 2022, with a decrease of -19.2% on 2021. Over the period under review, exports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 2.2%.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% expanded sharply to $19M in 2022. Overall, exports faced a dramatic setback.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.7 | 5.6 | 8.5 | 7.6 | -32.5% |
| New Zealand | 0.5 | N/A | N/A | 3.1 | 83.7% |
| France | 2.0 | 2.2 | 3.8 | 2.3 | 4.8% |
| Portugal | 1.8 | 1.5 | 1.8 | 2.1 | 5.3% |
| Netherlands | 0.3 | 2.1 | 0.1 | 1.2 | 58.7% |
| Angola | N/A | N/A | N/A | 0.5 | 0% |
| Italy | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Belgium | 0.3 | 0.1 | 1.0 | N/A | 82.6% |
| Austria | 0.6 | 8.7 | N/A | N/A | 1350.0% |
| Others | 35.4 | 3.7 | 2.5 | 2.0 | -61.6% |
| Total | 65.7 | 24.1 | 17.9 | 19.2 | -33.6% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Spain in 2022:
- China (1067.9 tons)
- France (615.2 tons)
- Netherlands (417.6 tons)
- Portugal (356.1 tons)
- New Zealand (306.9 tons)
- Angola (82.2 tons)
- Italy (70.4 tons)
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