Suriname: Skimmed Milk Market 2020

Skimmed Milk Market Size in Suriname

The revenue of the skimmed milk market in Suriname amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, skimmed milk consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Suriname skimmed milk consumption peaked at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Skimmed Milk Exports

Exports from Suriname

Skimmed milk exports from Suriname amounted to X tons in 2018, declining by -X% against the previous year. Overall, skimmed milk exports continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Suriname exports peaked at X tons in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

In value terms, skimmed milk exports amounted to $X in 2018. In general, skimmed milk exports continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. In that year, skimmed milk exports reached their peak of $X. From 2010 to 2018, the growth of skimmed milk exports failed to regain its momentum.

Exports by Country

In 2018, New Zealand (X tons), distantly followed by the U.S. (X tons), Germany (X tons), the Netherlands (X tons), Belgium (X tons) and France (X tons) were the key exporters of skimmed milk, together committing X% of total exports. Australia (X tons), Saudi Arabia (X tons), Belarus (X tons), Poland (X tons), Ireland (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to skimmed milk exports from New Zealand stood at +X%. At the same time, Uruguay (+X%), Saudi Arabia (+X%), the U.S. (+X%), Belgium (+X%), Poland (+X%), Germany (+X%), the Netherlands (+X%), Belarus (+X%), Ireland (+X%) and France (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Australia experienced a relatively flat trend pattern. While the share of New Zealand (+X p.p.), the U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.), Belgium (+X p.p.), Saudi Arabia (+X p.p.) and Uruguay (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest skimmed milk supplier from Suriname, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In New Zealand, skimmed milk exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the skimmed milk export price in Suriname amounted to $X per ton, going up by X% against the previous year. Overall, the export price indicated remarkable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, skimmed milk export price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2009 an increase of X% year-to-year. Over the period under review, the export prices for skimmed milk attained their maximum at $X per ton in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Ireland ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Uruguay, while the other leaders experienced a decline in the export price figures.

Skimmed Milk Imports

Imports into Suriname

In 2018, the skimmed milk imports into Suriname amounted to X tons, coming down by -X% against the previous year. Over the period under review, skimmed milk imports continue to indicate a slight deduction. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Suriname imports peaked at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, skimmed milk imports totaled $X in 2018. In general, skimmed milk imports continue to indicate a temperate shrinkage. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, skimmed milk imports attained their peak figure at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X tons), followed by Algeria (X tons) and Mexico (X tons) represented the major importers of skimmed milk, together mixing up X% of total imports. The following importers - the United Arab Emirates (X tons), Belgium (X tons), the Netherlands (X tons), the Philippines (X tons), Russia (X tons), Saudi Arabia (X tons), Indonesia (X tons), China, Macao SAR (X tons) and Malaysia (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Macao SAR, while the other leaders experienced more modest paces of growth.

In value terms, the largest skimmed milk importing markets into Suriname were China ($X), Algeria ($X) and Mexico ($X), with a combined X% share of total imports. These countries were followed by Saudi Arabia, Russia, the United Arab Emirates, the Netherlands, Indonesia, Belgium, Malaysia, the Philippines, China, Macao SAR and Suriname, which together accounted for a further X the main importing countries, China, Macao SAR recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the skimmed milk import price in Suriname amounted to $X per ton, surging by X% against the previous year. In general, the skimmed milk import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the import prices for skimmed milk attained their peak figure at $X per ton in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Algeria ($X per ton), while China, Macao SAR ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform