Australia - Butter - Market Analysis, Forecast, Size, Trends and Insights
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View PricingButter Price in Australia - 2023
Contents:
- Butter Price in Australia (CIF) - 2023
- Butter Price in Australia (FOB) - 2022
- Butter Imports in Australia
- Butter Exports in Australia
Butter Price in Australia (CIF) - 2023
In September 2023, the average butter import price amounted to $5,162 per ton, reducing by -9.9% against the previous month. Overall, the import price continues to indicate a slight decrease. The pace of growth appeared the most rapid in August 2023 an increase of 15% m-o-m. Over the period under review, average import prices attained the maximum at $6,472 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Ireland ($8,044 per ton), while the price for New Zealand ($4,695 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Butter Price in Australia (FOB) - 2022
The average butter export price stood at $5,454 per ton in 2022, standing approx. at the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter export price increased by +16.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 52% against the previous year. The export price peaked at $6,119 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($6,484 per ton), while the average price for exports to Japan ($3,772 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 Russia (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.
Butter Imports in Australia
In 2022, approx. 31K tons of butter were imported into Australia; growing by 7.9% on 2021 figures. Over the period under review, imports, however, saw a slight slump.
In value terms, butter imports soared to $191M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Butter in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 139 | 127 | 116 | 167 | 6.3% |
| France | 2.8 | 4.2 | 6.5 | 12.8 | 66.0% |
| Denmark | 4.7 | 7.1 | 6.8 | 7.1 | 14.7% |
| Others | 9.3 | 15.7 | 14.2 | 4.4 | -22.1% |
| Total | 156 | 154 | 144 | 191 | 7.0% |
Top Suppliers of Butter to Australia in 2022:
- New Zealand (27.8K tons)
- France (1.5K tons)
- Denmark (1.0K tons)
Butter Exports in Australia
In 2022, after three years of growth, there was significant decline in shipments abroad of butter, when their volume decreased by -43.3% to 8.8K tons. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 37%. As a result, the exports attained the peak of 16K tons, and then shrank significantly in the following year.
In value terms, butter exports reduced sharply to $48M in 2022. In general, exports recorded a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. As a result, the exports attained the peak of $84M, and then contracted dramatically in the following year.
| Export of Butter in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.3 | 12.8 | 23.7 | 11.1 | 6.1% |
| Singapore | 9.0 | 8.0 | 10.7 | 9.4 | 1.5% |
| Malaysia | 8.3 | 7.9 | 8.2 | 6.7 | -6.9% |
| Hong Kong SAR | 6.9 | 4.5 | 7.8 | 5.6 | -6.7% |
| Taiwan (Chinese) | 5.2 | 3.2 | 5.6 | 3.9 | -9.1% |
| Indonesia | 4.0 | 1.9 | 2.5 | 2.3 | -16.8% |
| United States | 8.1 | 4.6 | 2.2 | 2.3 | -34.3% |
| Others | 9.0 | 10.3 | 23.6 | 7.0 | -8.0% |
| Total | 59.8 | 53.2 | 84.1 | 48.2 | -6.9% |
Top Export Markets for Butter from Australia in 2022:
- China (2.2K tons)
- Singapore (1.6K tons)
- Malaysia (1.0K tons)
- Hong Kong SAR (1.0K tons)
- Taiwan (Chinese) (0.7K tons)
- United States (0.5K tons)
- Indonesia (0.4K tons)
This report provides an in-depth analysis of the butter market in Australia. 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 886 - Butter of Cow Milk
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
- 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 VOLUME AND VALUE
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
- 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
- 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 butter market in Australia.
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This report provides an in-depth analysis of the butter and ghee market in Australia.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Australia.
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This report provides an in-depth analysis of the ghee market in Australia.
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This report provides an in-depth analysis of the dairy produce market in Australia.
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This report provides an in-depth analysis of the dairy spread market in Australia.
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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 butter and ghee market.
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This report provides an in-depth analysis of the global market for butter and dairy spreads.
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This report provides an in-depth analysis of the global ghee market.
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In November 2022, the butter price stood at $5,416 per ton (CIF, Australia), dropping by -7.8% against the previous month.
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In September 2022, the butter and ghee price stood at $6,567 per ton (CIF, Australia), declining by -4% against the previous month.
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Australia Dairy Spread Export Price in December 2022. In December 2022, the dairy spread price amounted to $2,516 per ton (FOB, Australia), with a decrease of -54% against the previous month. Australia's dairy spread exports reached 87 tons for the first time since July 2022, with Cook Islands (50 tons) and South Korea (37 tons) being the main destinations. The fall in prices can be attributed to lower demand from international markets and an oversupply of product, causing significant strain on the producers. Industry experts are calling for urgent government intervention to help the industry weather the storm and emerge stronger in the long run.
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In August 2022, the dairy spread price stood at $4,796 per ton (FOB, Australia), growing by 7% against the previous month.
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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.
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The global trade in butter amounted to X 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
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New Zealand continued its dominance in the global butter trade. In 2014, New Zealand exported X thousand tons of butter totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its tota
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Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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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.
