Price for Butter and Other Fats and Oils Derived from Milk in Belgium - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Belgium (FOB) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Belgium (CIF) - 2022
- Exports of Butter and Other Fats and Oils Derived from Milk in Belgium
- Imports of Butter and Other Fats and Oils Derived from Milk in Belgium
Price for Butter and Other Fats and Oils Derived from Milk in Belgium (FOB) - 2023
In November 2023, the average export price for butter and other fats and oils derived from milk amounted to $6,257 per ton, rising by 2.1% against the previous month. Over the period under review, the export price, however, saw a mild downturn. The growth pace was the most rapid in October 2023 when the average export price increased by 3.9% m-o-m. Over the period under review, the average export prices attained the maximum at $7,545 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($8,940 per ton), while the average price for exports to South Korea ($5,750 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 Algeria (+1.2%), while the prices for the other major destinations experienced a decline.
Price for Butter and Other Fats and Oils Derived from Milk in Belgium (CIF) - 2022
The average import price for butter and other fats and oils derived from milk stood at $6,795 per ton in 2022, increasing by 41% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for butter and other fats and oils derived from milk increased by +64.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 60%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($7,454 per ton) and Ireland ($7,424 per ton), while the price for the Netherlands ($6,439 per ton) and France ($6,575 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Butter and Other Fats and Oils Derived from Milk in Belgium
After three years of growth, overseas shipments of butter and other fats and oils derived from milk decreased by -8.8% to 147K tons in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 3.8%.
In value terms, exports of butter and other fats and oils derived from milk surged to $1B in 2022. The total export value increased at an average annual rate of +10.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 300 | 265 | 362 | 483 | 17.2% |
| Netherlands | 113 | 94.9 | 128 | 137 | 6.6% |
| Italy | 69.4 | 60.1 | 68.5 | 87.0 | 7.8% |
| Germany | 95.6 | 60.6 | 59.7 | 77.2 | -6.9% |
| Spain | 27.9 | 32.1 | 38.2 | 42.7 | 15.2% |
| United Kingdom | 12.3 | 13.3 | 11.9 | 24.4 | 25.6% |
| China | 13.9 | 14.7 | 15.7 | 21.6 | 15.8% |
| Switzerland | 0.3 | 5.5 | 3.7 | 16.7 | 281.8% |
| Czech Republic | 10.4 | 8.6 | 8.9 | 13.9 | 10.2% |
| Others | 139 | 151 | 120 | 136 | -0.7% |
| Total | 782 | 706 | 816 | 1,040 | 10.0% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Belgium in 2022:
- France (69.2K tons)
- Netherlands (20.6K tons)
- Italy (11.4K tons)
- Germany (11.0K tons)
- Spain (6.2K tons)
- United Kingdom (3.4K tons)
- China (2.6K tons)
- Czech Republic (2.4K tons)
- Switzerland (2.3K tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Belgium
In 2022, approx. 128K tons of butter and other fats and oils derived from milk were imported into Belgium; shrinking by -11.2% on 2021 figures. Overall, imports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2021 when imports increased by 10% against the previous year. As a result, imports attained the peak of 144K tons, and then shrank in the following year.
In value terms, imports of butter and other fats and oils derived from milk soared to $870M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +60.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Butter and Other Fats and Oils Derived from Milk in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 225 | 224 | 297 | 345 | 15.3% |
| Ireland | 114 | 76.9 | 111 | 177 | 15.8% |
| France | 88.3 | 75.7 | 116 | 126 | 12.6% |
| Germany | 60.3 | 47.0 | 65.2 | 73.8 | 7.0% |
| United Kingdom | 124 | 70.8 | 49.4 | 47.6 | -27.3% |
| Denmark | 2.7 | 2.0 | 9.8 | 36.5 | 138.2% |
| Poland | 4.3 | 5.1 | 4.0 | 18.6 | 62.9% |
| Others | 38.1 | 39.3 | 40.9 | 45.6 | 6.2% |
| Total | 656 | 541 | 694 | 870 | 9.9% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Belgium in 2022:
- Netherlands (53.6K tons)
- Ireland (23.8K tons)
- France (19.2K tons)
- Germany (10.4K tons)
- United Kingdom (6.8K tons)
- Denmark (4.9K tons)
- Poland (2.8K tons)
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This report provides an in-depth analysis of the butter and ghee market in Belgium.
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This report provides an in-depth analysis of the ghee market in Belgium.
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This report provides an in-depth analysis of the butter market in Belgium.
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This report provides an in-depth analysis of the dairy produce market in Belgium.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Belgium.
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This report provides an in-depth analysis of the dairy spread market in Belgium.
2110
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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This report provides an in-depth analysis of the global dairy produce market.
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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.
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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.
2015
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
