Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the UK - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the UK (FOB) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the UK (CIF) - 2024
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the UK
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the UK
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the UK (FOB) - 2024
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,103 per ton in April 2024, growing by 4.2% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 6.9% against the previous month. As a result, the export price attained the peak level of $4,276 per ton. From August 2023 to April 2024, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Tanzania ($6,345 per ton), while the average price for exports to France ($2,047 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the UK (CIF) - 2024
In April 2024, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $6,197 per ton, surging by 11% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 13% m-o-m. As a result, import price attained the peak level of $6,753 per ton. From December 2023 to April 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($7,876 per ton), while the price for Ireland ($4,551 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Ireland (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the UK
In 2022, shipments abroad of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -17.2% to 44K tons, falling for the second year in a row after two years of growth. In general, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year. As a result, the exports reached the peak of 60K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% declined to $188M in 2022. Over the period under review, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 28%. As a result, the exports reached the peak of $257M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 19.2 | 30.0 | 26.4 | 29.7 | 15.7% |
| Peru | N/A | N/A | 1.7 | 7.2 | 323.5% |
| Cote d'Ivoire | 10.3 | 10.5 | 14.1 | 3.3 | -31.6% |
| Congo | 2.1 | 4.0 | 3.4 | 3.2 | 15.1% |
| Angola | 1.7 | 1.1 | 2.1 | 3.1 | 22.2% |
| Ghana | 3.7 | 1.9 | 3.4 | 2.8 | -8.9% |
| Nicaragua | N/A | N/A | N/A | 2.7 | 0% |
| Belgium | 0.6 | 0.3 | 1.0 | 2.0 | 49.4% |
| Antigua and Barbuda | N/A | N/A | 0.5 | 2.0 | 300.0% |
| Lebanon | 5.2 | 0.7 | 1.0 | 1.3 | -37.0% |
| Gabon | 0.8 | 0.9 | 2.2 | 1.2 | 14.5% |
| Ireland | 1.5 | 0.5 | 1.1 | 0.9 | -15.7% |
| China | 25.7 | 33.7 | 22.4 | 0.2 | -80.2% |
| Others | 131 | 174 | 136 | 129 | -0.5% |
| Total | 202 | 257 | 215 | 188 | -2.4% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from the UK in 2022:
- Netherlands (9.2K tons)
- Peru (1.3K tons)
- Congo (0.6K tons)
- Belgium (0.6K tons)
- Cote d'Ivoire (0.6K tons)
- Angola (0.5K tons)
- Nicaragua (0.5K tons)
- Ghana (0.4K tons)
- Antigua and Barbuda (0.4K tons)
- Ireland (0.3K tons)
- Lebanon (0.3K tons)
- Gabon (0.3K tons)
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the UK
Imports of powdered unsweetened milk and cream of fat weight content over 1.5% into the UK shrank dramatically to 7.2K tons in 2022, declining by -54% compared with 2021 figures. In general, imports showed a dramatic downturn. The smallest decline of -19.6% was in 2020.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% skyrocketed to $93M in 2022. Overall, imports showed a relatively flat trend pattern.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.3 | 18.1 | 16.7 | 20.4 | 29.9% |
| Germany | 8.2 | 7.6 | 5.8 | 8.8 | 2.4% |
| Ireland | 18.9 | 11.3 | 7.3 | 8.5 | -23.4% |
| France | 6.4 | 5.8 | 3.3 | 7.1 | 3.5% |
| Belgium | 4.0 | 1.5 | N/A | 0.9 | -39.2% |
| Others | 48.7 | 45.6 | 34.3 | 47.3 | -1.0% |
| Total | 95.4 | 89.8 | 67.3 | 93.0 | -0.8% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to the UK in 2022:
- Netherlands (2.5K tons)
- Germany (1.9K tons)
- Ireland (1.4K tons)
- France (1.2K tons)
- Belgium (0.2K tons)
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