Price for Butter and Other Fats and Oils Derived from Milk in Slovenia - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Slovenia (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Slovenia (FOB) - 2023
- Imports of Butter and Other Fats and Oils Derived from Milk in Slovenia
- Exports of Butter and Other Fats and Oils Derived from Milk in Slovenia
Price for Butter and Other Fats and Oils Derived from Milk in Slovenia (CIF) - 2023
The average import price for butter and other fats and oils derived from milk stood at $6,284 per ton in November 2023, picking up by 5.3% against the previous month. Over the period under review, the import price, however, showed a mild shrinkage. The pace of growth was the most pronounced in August 2023 an increase of 25% against the previous month. Over the period under review, average import prices reached the maximum at $7,881 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Serbia.
From November 2022 to November 2023, the rate of growth in terms of prices for Belgium amounted to +1.9% per month.
Price for Butter and Other Fats and Oils Derived from Milk in Slovenia (FOB) - 2023
In November 2023, the average export price for butter and other fats and oils derived from milk amounted to $9,450 per ton, reducing by -11.9% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average export price increased by 110% against the previous month. As a result, the export price attained the peak level of $12,793 per ton. From July 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Albania ($10,735 per ton), while the average price for exports to Serbia ($7,012 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Butter and Other Fats and Oils Derived from Milk in Slovenia
In 2022, imports of butter and other fats and oils derived from milk into Slovenia totaled 2.7K tons, surging by 9.4% compared with the year before. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of butter and other fats and oils derived from milk skyrocketed to $19M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Butter and Other Fats and Oils Derived from Milk in Slovenia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.1 | 4.4 | 5.1 | 8.7 | 12.6% |
| Austria | 2.5 | 2.7 | 2.6 | 3.3 | 9.7% |
| Italy | 0.9 | 1.2 | 1.5 | 2.3 | 36.7% |
| Croatia | 1.0 | 1.8 | 1.9 | 2.0 | 26.0% |
| Netherlands | 0.4 | 0.4 | 0.7 | 0.7 | 20.5% |
| Poland | N/A | N/A | N/A | 0.6 | 0% |
| France | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Serbia | 0.2 | 0.3 | 0.5 | 0.4 | 26.0% |
| Belgium | 0.5 | 0.3 | 0.9 | 0.3 | -15.7% |
| Others | 0.1 | 0.2 | 0.2 | 0.5 | 71.0% |
| Total | 12.1 | 11.6 | 13.9 | 19.5 | 17.2% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Slovenia in 2022:
- Germany (1186.0 tons)
- Italy (426.6 tons)
- Austria (412.8 tons)
- Croatia (252.5 tons)
- France (82.5 tons)
- Poland (73.9 tons)
- Serbia (73.4 tons)
- Netherlands (61.8 tons)
- Belgium (46.3 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Slovenia
In 2022, the amount of butter and other fats and oils derived from milk exported from Slovenia totaled 260 tons, approximately equating the previous year. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 65% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of butter and other fats and oils derived from milk skyrocketed to $2M in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 110% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Butter and Other Fats and Oils Derived from Milk in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 120 | 210 | 485 | 561 | 67.2% |
| North Macedonia | 147 | 192 | 222 | 352 | 33.8% |
| Albania | N/A | 2.8 | N/A | 256 | 856.2% |
| Bosnia and Herzegovina | 119 | 123 | 190 | 180 | 14.8% |
| Austria | 18.8 | 18.8 | 122 | 170 | 108.3% |
| Belgium | N/A | N/A | 73.8 | 85.0 | 15.2% |
| Spain | N/A | N/A | 91.4 | 72.6 | -20.6% |
| Hungary | N/A | 2.6 | 2.3 | 39.3 | 288.8% |
| Romania | N/A | 57.7 | N/A | 1.9 | -81.9% |
| China | N/A | N/A | 125 | N/A | 0% |
| Senegal | 115 | N/A | N/A | N/A | 0% |
| Others | 171 | 183 | 341 | 281 | 18.0% |
| Total | 691 | 789 | 1,653 | 1,998 | 42.5% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Slovenia in 2022:
- Croatia (96.9 tons)
- North Macedonia (47.0 tons)
- Albania (29.9 tons)
- Bosnia and Herzegovina (25.9 tons)
- Belgium (21.8 tons)
- Austria (6.8 tons)
- Hungary (4.9 tons)
- Spain (2.7 tons)
- Romania (0.1 tons)
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This report provides an in-depth analysis of the butter and ghee market in Slovenia.
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This report provides an in-depth analysis of the ghee market in Slovenia.
570
This report provides an in-depth analysis of the butter market in Slovenia.
161
This report provides an in-depth analysis of the dairy produce market in Slovenia.
156
This report provides an in-depth analysis of the market for butter and dairy spreads in Slovenia.
101
This report provides an in-depth analysis of the dairy spread market in Slovenia.
2192
This report provides an in-depth analysis of the global butter and ghee market.
2951
This report provides an in-depth analysis of the global ghee market.
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This report provides an in-depth analysis of the global butter market.
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This report provides an in-depth analysis of the global dairy produce market.
8021
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
2943
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
6818
In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
1058
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2821
The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
1809
New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
1608
New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
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The butter market is projected to experience steady growth over the next seven years, driven by increasing demand worldwide. Market performance is expected to see a CAGR of +1.8% in volume and +3.5% in value from 2023 to 2030.
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This year global butter production is anticipated to keep up with ha last year, amounting to 5.6M tons. The EU is forecast to decrease butter exports due to a slight drop in production amid an increase in demand. Butter exports from New Zealand are not forecast to grow due to increased competition with UHT cream for food service being increasingly in demand.
