Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the Philippines - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the Philippines (CIF) - 2022
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the Philippines (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the Philippines
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the Philippines
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the Philippines (CIF) - 2022
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,738 per ton in 2022, picking up by 27% against the previous year. Overall, the import price showed temperate growth. The most prominent rate of growth was recorded in 2020 an increase of 73%. As a result, import price reached the peak level of $5,654 per ton. From 2021 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 Australia ($4,738 per ton) and New Zealand ($4,738 per ton), while the price for Singapore ($4,738 per ton) and Malaysia ($4,738 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+22.2%), 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 the Philippines (FOB) - 2022
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,847 per ton in 2022, growing by 23% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 an increase of 48%. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($4,847 per ton) and Bangladesh ($4,847 per ton), while the average price for exports to Pakistan ($4,847 per ton) and Papua New Guinea ($4,847 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+18.0%), 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 the Philippines
In 2022, imports of powdered unsweetened milk and cream of fat weight content over 1.5% into the Philippines reduced sharply to 21K tons, falling by -28% compared with 2021 figures. Over the period under review, imports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2021 when imports increased by 4.7% against the previous year.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% declined to $97M in 2022. Overall, imports faced a abrupt setback.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 63.1 | 47.5 | 39.2 | 41.6 | -13.0% |
| Malaysia | 3.4 | 5.3 | 2.7 | 2.5 | -9.7% |
| Singapore | 3.4 | 0.9 | 2.6 | 1.5 | -23.9% |
| Canada | 0.8 | 0.7 | 1.5 | 0.9 | 4.0% |
| Ireland | 0.5 | 5.7 | 5.5 | 0.7 | 11.9% |
| Australia | 4.6 | N/A | 0.2 | 0.1 | -72.1% |
| United States | 11.7 | 14.3 | N/A | N/A | 22.2% |
| Others | 91.2 | 79.3 | 54.8 | 49.8 | -18.3% |
| Total | 179 | 154 | 106 | 97.2 | -18.4% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to the Philippines in 2022:
- New Zealand (8.8K tons)
- Malaysia (0.5K tons)
- Singapore (0.3K tons)
- Canada (0.2K tons)
- Ireland (0.2K tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the Philippines
In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% exported from the Philippines skyrocketed to 1.3K tons, picking up by 1,956% compared with the year before. Over the period under review, exports saw a significant expansion. 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 $6.5M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained 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 the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | N/A | N/A | N/A | 2,644 | 0% |
| Pakistan | N/A | N/A | N/A | 279 | 0% |
| Taiwan (Chinese) | N/A | 3.4 | 10.3 | 244 | 747.1% |
| Papua New Guinea | N/A | N/A | N/A | 55.9 | 0% |
| Hong Kong SAR | N/A | N/A | 55.2 | 16.1 | -70.8% |
| Thailand | N/A | 91.0 | N/A | N/A | 0% |
| Others | 24.9 | 96.5 | 192 | 3,302 | 409.9% |
| Total | 24.9 | 191 | 258 | 6,541 | 540.4% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from the Philippines in 2022:
- Bangladesh (545.6 tons)
- Pakistan (57.6 tons)
- Taiwan (Chinese) (50.3 tons)
- Papua New Guinea (11.5 tons)
- Hong Kong SAR (3.3 tons)
123
This report provides an in-depth analysis of the whole powdered milk market in the Philippines.
1244
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in the Philippines.
616
This report provides an in-depth analysis of the market for evaporated and condensed milk in the Philippines.
727
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in the Philippines.
501
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in the Philippines.
966
This report provides an in-depth analysis of the powdered milk market in the Philippines.
143
This report provides an in-depth analysis of the skim powdered milk market in the Philippines.
801
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in the Philippines.
170
This report provides an in-depth analysis of the global whole powdered milk market.
1564
This report provides an in-depth analysis of the global market for powdered, condensed or evaporated milk.
175
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.
1377
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
1754
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
405
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.
425
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.
175
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.
1377
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
1754
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
405
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.
425
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.
