Singapore - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPowdered Milk Price in Singapore - 2022
Contents:
- Powdered Milk Price in Singapore (CIF) - 2022
- Powdered Milk Price in Singapore (FOB) - 2022
- Powdered Milk Imports in Singapore
- Powdered Milk Exports in Singapore
Powdered Milk Price in Singapore (CIF) - 2022
The average powdered milk import price stood at $5,344 per ton in September 2022, picking up by 3% against the previous month. Over the period under review, import price indicated a notable expansion from September 2021 to September 2022: its price increased at an average monthly rate of +3.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, powdered milk import price decreased by -9.3% against June 2022 indices. The most prominent rate of growth was recorded in January 2022 an increase of 43% against the previous month. The import price peaked at $5,892 per ton in June 2022; however, from July 2022 to September 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2022, the countries with the highest prices were the Netherlands ($6,687 per ton) and Uruguay ($6,147 per ton), while the price for New Zealand ($4,857 per ton) and Belarus ($5,129 per ton) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Powdered Milk Price in Singapore (FOB) - 2022
In 2022, the average powdered milk export price amounted to $3,749 per ton, with an increase of 19% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk export price increased by +29.4% against 2017 indices. The growth pace was the most rapid in 2017 an increase of 40%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($4,040 per ton) and Japan ($3,866 per ton), while the average price for exports to Bangladesh ($3,204 per ton) and Malaysia ($3,511 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 the Philippines (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Powdered Milk Imports in Singapore
Powdered milk imports into Singapore declined modestly to 117K tons in 2022, dropping by -3.1% against the previous year. In general, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 1.8%.
In value terms, powdered milk imports expanded markedly to $457M in 2022. The total import value increased at an average annual rate of +10.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Powdered Milk in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 170 | 174 | 209 | 225 | 9.8% |
| Australia | 30.4 | 26.2 | 37.7 | 39.5 | 9.1% |
| United States | 9.4 | 21.9 | 28.0 | 29.2 | 45.9% |
| Ireland | 25.0 | 26.4 | 18.3 | 28.4 | 4.3% |
| Netherlands | 16.0 | 18.1 | 22.0 | 24.6 | 15.4% |
| Germany | 10.6 | 16.0 | 14.0 | 12.2 | 4.8% |
| France | 24.9 | 20.3 | 14.1 | 10.3 | -25.5% |
| Uruguay | 8.4 | 4.0 | 6.2 | 9.3 | 3.5% |
| Japan | 0.1 | 0.9 | 1.5 | 8.7 | 343.1% |
| Argentina | N/A | N/A | 2.7 | 8.4 | 211.1% |
| Canada | 0.5 | 8.2 | 9.0 | 6.6 | 136.3% |
| Others | 46.5 | 39.4 | 43.7 | 54.5 | 5.4% |
| Total | 342 | 356 | 406 | 457 | 10.1% |
Top Suppliers of Powdered Milk to Singapore in 2022:
- New Zealand (59.8K tons)
- Australia (10.6K tons)
- United States (7.5K tons)
- Ireland (6.8K tons)
- Netherlands (5.5K tons)
- Germany (2.7K tons)
- Uruguay (2.5K tons)
- France (2.5K tons)
- Canada (2.3K tons)
- Japan (2.3K tons)
- Argentina (2.0K tons)
Powdered Milk Exports in Singapore
In 2022, after two years of decline, there was growth in overseas shipments of powdered milk, when their volume increased by 4.7% to 47K tons. In general, exports, however, recorded a noticeable reduction.
In value terms, powdered milk exports soared to $175M in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Powdered Milk in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 85.7 | 82.8 | 81.0 | 89.0 | 1.3% |
| Bangladesh | 1.7 | 2.2 | 5.1 | 21.7 | 133.7% |
| Malaysia | 7.3 | 10.4 | 11.5 | 15.3 | 28.0% |
| Saudi Arabia | 4.9 | 5.0 | 6.2 | 9.3 | 23.8% |
| Philippines | 6.4 | 2.0 | 6.9 | 8.9 | 11.6% |
| Vietnam | 8.5 | 3.3 | 9.5 | 5.3 | -14.6% |
| United Arab Emirates | 0.7 | 1.4 | 2.0 | 4.8 | 90.0% |
| Qatar | 3.3 | 3.1 | 3.3 | 4.7 | 12.5% |
| Egypt | 4.0 | 2.8 | 5.8 | 4.3 | 2.4% |
| Oman | 8.5 | 5.2 | 0.4 | 0.9 | -52.7% |
| Others | 9.6 | 11.0 | 8.1 | 10.5 | 3.0% |
| Total | 140 | 129 | 140 | 175 | 7.7% |
Top Export Markets for Powdered Milk from Singapore in 2022:
- Japan (23.0K tons)
- Bangladesh (6.8K tons)
- Malaysia (4.4K tons)
- Saudi Arabia (2.5K tons)
- Philippines (2.4K tons)
- United Arab Emirates (1.3K tons)
- Vietnam (1.3K tons)
- Qatar (1.1K tons)
- Egypt (1.0K tons)
- Oman (0.2K tons)
This report provides an in-depth analysis of the powdered milk market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the powdered milk market in Singapore.
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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.
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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
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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
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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.
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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.
1310
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
1708
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
233
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.
