Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Sri Lanka - 2022

Contents:

1. Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Sri Lanka (CIF) - 2022
2. Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Sri Lanka (FOB) - 2022
3. Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Sri Lanka
4. Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Sri Lanka

Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Sri Lanka (CIF) - 2022

The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,182 per ton in 2022, with an increase of 7% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for powdered unsweetened milk and cream of fat weight content over 1.5% increased by +34.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 110%. As a result, import price reached the peak level of $6,094 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($4,179 per ton), while the price for Australia totaled $3,936 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.3%).

Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Sri Lanka (FOB) - 2022

The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $6,225 per ton in 2022, picking up by 17% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 130%. As a result, the export price reached the peak level of $7,335 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($17,320 per ton), while the average price for exports to Nepal ($4,054 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+8.6%), 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 Sri Lanka

In 2022, supplies from abroad of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -48.3% to 74K tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 4.2%. As a result, imports reached the peak of 176K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% declined remarkably to $310M in 2022. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 7.6%. As a result, imports attained the peak of $580M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Sri Lanka in 2022:

1. New Zealand (35.1K tons)
2. Australia (2.0K tons)

Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Sri Lanka

In 2022, approx. 425 tons of powdered unsweetened milk and cream of fat weight content over 1.5% were exported from Sri Lanka; growing by 234% against the previous year's figure. In general, exports continue to indicate significant growth. 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% surged to $2.6M in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Sri Lanka in 2022:

1. Mauritius (114.9 tons)
2. Oman (47.0 tons)
3. Maldives (42.3 tons)
4. Singapore (17.3 tons)
5. Nepal (6.1 tons)
6. Seychelles (6.1 tons)
7. Australia (5.5 tons)
8. Lebanon (3.2 tons)
9. United Kingdom (2.3 tons)
10. United States (1.4 tons)

Source: IndexBox Market Intelligence Platform