Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United Arab Emirates - 2022

Contents:

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

Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United Arab Emirates (CIF) - 2022

The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,099 per ton in 2022, growing by 12% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +36.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 47% against the previous year. The import price peaked at $4,355 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Oman ($4,969 per ton), while the price for Malaysia ($2,392 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+3.3%), 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 United Arab Emirates (FOB) - 2022

The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,310 per ton in 2022, growing by 12% against the previous year. In general, the export price, however, recorded a mild decline. The export price peaked at $5,766 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Syrian Arab Republic ($6,537 per ton), while the average price for exports to Mauritania ($3,114 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 Tanzania (+8.5%), 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 the United Arab Emirates

In 2022, purchases abroad of powdered unsweetened milk and cream of fat weight content over 1.5% decreased by -16.6% to 92K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 6.3%.

In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% dropped to $378M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. As a result, imports attained the peak of $404M, and then reduced in the following year.

Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to the United Arab Emirates in 2022:

1. New Zealand (24.2K tons)
2. Australia (4.7K tons)
3. Ireland (4.2K tons)
4. Netherlands (3.5K tons)
5. Oman (1.9K tons)
6. Malaysia (1.6K tons)
7. Germany (0.9K tons)
8. France (0.8K tons)
9. Belgium (0.7K tons)
10. Argentina (0.7K tons)
11. Denmark (0.7K tons)

Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in the United Arab Emirates

In 2022, the amount of powdered unsweetened milk and cream of fat weight content over 1.5% exported from the United Arab Emirates dropped markedly to 51K tons, which is down by -23.9% against the year before. Overall, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 12%.

In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% reduced to $218M in 2022. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 11%.

Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from the United Arab Emirates in 2022:

1. Somalia (4.8K tons)
2. Iraq (3.5K tons)
3. Sudan (3.2K tons)
4. Yemen (3.1K tons)
5. Jordan (1.5K tons)
6. Saudi Arabia (1.4K tons)
7. Mauritania (0.7K tons)
8. Oman (0.7K tons)
9. Democratic Republic of the Congo (0.6K tons)
10. New Zealand (0.6K tons)
11. Tanzania (0.4K tons)

Source: IndexBox Market Intelligence Platform