Price for Butter and Other Fats and Oils Derived from Milk in Azerbaijan - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Azerbaijan (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Azerbaijan (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Azerbaijan
- Exports of Butter and Other Fats and Oils Derived from Milk in Azerbaijan
Price for Butter and Other Fats and Oils Derived from Milk in Azerbaijan (CIF) - 2023
The average import price for butter and other fats and oils derived from milk stood at $5,757 per ton in November 2023, picking up by 3.1% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 5.2% against the previous month. Over the period under review, average import prices reached the maximum at $6,317 per ton in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($7,315 per ton), while the price for Iran ($4,248 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Butter and Other Fats and Oils Derived from Milk in Azerbaijan (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $6,579 per ton in 2022, with an increase of 31% against the previous year. In general, export price indicated a strong expansion from 2013 to 2022: its price increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for butter and other fats and oils derived from milk increased by +96.4% against 2013 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2013 to 2022, the rate of growth in terms of prices for Georgia amounted to +25.2% per year.
Imports of Butter and Other Fats and Oils Derived from Milk in Azerbaijan
In 2022, approx. 19K tons of butter and other fats and oils derived from milk were imported into Azerbaijan; picking up by 23% against 2021. The total import volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained 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 soared to $108M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Butter and Other Fats and Oils Derived from Milk in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 37.1 | 40.4 | 37.5 | 49.7 | 10.2% |
| Iran | 0.1 | 0.1 | 2.6 | 26.7 | 543.9% |
| Ukraine | 13.2 | 19.9 | 15.4 | 8.5 | -13.6% |
| Belarus | 7.8 | 9.5 | 9.4 | 5.7 | -9.9% |
| Finland | 4.0 | 3.4 | 4.5 | 5.7 | 12.5% |
| Turkey | 0.1 | 0.2 | 1.3 | 4.3 | 250.3% |
| France | 2.3 | 2.6 | 2.2 | 2.3 | 0.0% |
| Poland | 4.0 | 1.7 | 1.6 | 0.1 | -70.8% |
| Others | 2.9 | 4.8 | 4.3 | 5.3 | 22.3% |
| Total | 71.6 | 82.6 | 78.9 | 108 | 14.7% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Azerbaijan in 2022:
- New Zealand (7.4K tons)
- Iran (6.1K tons)
- Ukraine (1.4K tons)
- Finland (1.0K tons)
- Belarus (0.9K tons)
- Turkey (0.8K tons)
- France (0.3K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Azerbaijan
In 2022, after two years of decline, there was significant growth in shipments abroad of butter and other fats and oils derived from milk, when their volume increased by 461% to 1.4K tons. Overall, exports, however, recorded a noticeable shrinkage.
In value terms, exports of butter and other fats and oils derived from milk skyrocketed to $9.4M in 2022. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Butter and Other Fats and Oils Derived from Milk in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 7.7 | 1.7 | 1.3 | 9.4 | 6.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.7 | 1.7 | 1.3 | 9.4 | 6.9% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Azerbaijan in 2022:
- Russia (1.4K tons)
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This report provides an in-depth analysis of the butter and ghee market in Azerbaijan.
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This report provides an in-depth analysis of the ghee market in Azerbaijan.
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This report provides an in-depth analysis of the butter market in Azerbaijan.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Azerbaijan.
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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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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.
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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
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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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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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