Butter Market - New Zealand Strengthened Leadership in Global Butter Supplies

Vegetable And Animal Oils And Fats October 26, 2016
Author: Maria Fadeeva
Market Analyst

butter market

Photo: © GeorgeRudy / Bigstockphoto

The global trade in butter amounted to 6,742 million USD in 2015, fluctuating wildly over the period under review. A significant drop in 2009 was followed by a recovery over the next two years, until exports decreased again. Overall, there was an annual increase of 3.1% from 2007 to 2015.

New Zealand remained far ahead other suppliers of butter in 2015, with butter exports totaling 1638 million USD. This accounted for a 24% share in terms of global exports. The Netherlands, Ireland, Germany, and Belgium were the other key global suppliers of butter in 2015, with a 42% combined share of global exports.

New Zealand (+8.1% per year) and the Netherlands (+6.8% per year) were the fastest growing exporters on the global butter market from 2007 to 2015. New Zealand significantly strengthened its position in the global export structure, growing its share from 17% in 2007 to 24% in 2015.

On the other hand, France (11%, based on value terms), Germany (8%), Belgium (8%), the Netherlands (7%), and the UK (6%) were the leading destinations of butter imports in 2015. Imports to the Netherlands grew at a quick pace of +7.1% per year from 2007 to 2015. By contrast, Germany significantly contracted its imports of butter over the same period. The Netherlands grew its share of global imports by +2 percentage points, while the remainder of the major importers saw a decline in their import shares.

Global Exports Of Butter, In Value Terms

Key Exporting Countries Of Butter

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Source: World: Butter - Market Report. Analysis And Forecast To 2020