Australia - Butter And Dairy Spreads - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Butter and Dairy Spreads in Australia - 2023
Contents:
- Price for Butter and Dairy Spreads in Australia (CIF) - 2023
- Price for Butter and Dairy Spreads in Australia (FOB) - 2022
- Imports of Butter and Dairy Spreads in Australia
- Exports of Butter and Dairy Spreads in Australia
Price for Butter and Dairy Spreads in Australia (CIF) - 2023
The average butter and dairy spreads import price stood at $5,741 per ton in August 2023, surging by 15% against the previous month. In general, the import price, however, saw a slight shrinkage. Over the period under review, average import prices hit record highs at $6,774 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($8,123 per ton), while the price for New Zealand ($5,290 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Ireland (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Butter and Dairy Spreads in Australia (FOB) - 2022
The average butter and dairy spreads export price stood at $5,271 per ton in 2022, growing by 1.7% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads export price increased by +13.4% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 51% against the previous year. The export price peaked at $6,080 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($6,910 per ton), while the average price for exports to New Zealand ($3,722 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 (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Butter and Dairy Spreads in Australia
In 2022, approx. 31K tons of butter and dairy spreads were imported into Australia; rising by 8.2% on the previous year. In general, imports, however, recorded a relatively flat trend pattern.
In value terms, butter and dairy spreads imports soared to $193M in 2022. The total import value increased at an average annual rate of +7.2% 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 and Dairy Spreads 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 | 7.5 | 7.4 | 7.9 | 18.9% |
| Others | 9.8 | 16.6 | 14.5 | 5.1 | -19.6% |
| Total | 157 | 156 | 144 | 193 | 7.1% |
Top Suppliers of Butter and Dairy Spreads to Australia in 2022:
- New Zealand (27.8K tons)
- France (1.5K tons)
- Denmark (1.1K tons)
Exports of Butter and Dairy Spreads in Australia
In 2022, after three years of growth, there was significant decline in overseas shipments of butter and dairy spreads, when their volume decreased by -38.2% to 12K tons. In general, total exports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +3.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. As a result, the exports reached the peak of 20K tons, and then declined markedly in the following year.
In value terms, butter and dairy spreads exports shrank sharply to $64M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 82%. As a result, the exports attained the peak of $101M, and then contracted dramatically in the following year.
| Export of Butter and Dairy Spreads in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.4 | 2.8 | 14.8 | 15.0 | 50.5% |
| China | 9.3 | 12.8 | 23.7 | 11.1 | 6.1% |
| Singapore | 9.0 | 8.0 | 10.7 | 9.5 | 1.8% |
| 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% |
| Mauritius | 0.8 | 0.8 | 0.8 | 1.3 | 17.6% |
| Japan | 2.3 | 0.6 | 3.6 | 1.3 | -17.3% |
| Kuwait | 0.2 | 0.9 | 2.8 | 1.2 | 81.7% |
| New Zealand | 0.5 | 0.4 | 1.3 | 0.9 | 21.6% |
| Others | 3.4 | 7.3 | 17.4 | 2.6 | -8.6% |
| Total | 62.5 | 55.6 | 101 | 63.6 | 0.6% |
Top Export Markets for Butter and Dairy Spreads from Australia in 2022:
- South Korea (3074.8 tons)
- China (2200.8 tons)
- Singapore (1579.2 tons)
- Hong Kong SAR (1039.2 tons)
- Malaysia (1027.5 tons)
- Taiwan (Chinese) (729.6 tons)
- United States (474.9 tons)
- Indonesia (410.5 tons)
- Japan (322.6 tons)
- Kuwait (299.3 tons)
- New Zealand (236.8 tons)
- Mauritius (182.0 tons)
This report provides an in-depth analysis of the market for butter and dairy spreads 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 983 - Butter and Ghee of Sheep Milk
- FCL 1022 - Butter of Goat Milk
- FCL 952 - Butter of Buffalo Milk
- 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
-
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 market for butter and dairy spreads 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 ghee market in Australia.
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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 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 market for butter and dairy spreads.
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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 ghee market.
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This report provides an in-depth analysis of the global butter market.
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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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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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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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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.
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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.
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The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
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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.
