Price for Butter and Other Fats and Oils Derived from Milk in Croatia - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Croatia (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Croatia (FOB) - 2023
- Imports of Butter and Other Fats and Oils Derived from Milk in Croatia
- Exports of Butter and Other Fats and Oils Derived from Milk in Croatia
Price for Butter and Other Fats and Oils Derived from Milk in Croatia (CIF) - 2023
In November 2023, the average import price for butter and other fats and oils derived from milk amounted to $6,630 per ton, growing by 6.2% against the previous month. Overall, the import price, however, saw a mild downturn. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 30% m-o-m. Over the period under review, average import prices hit record highs at $7,738 per ton in December 2022; however, from January 2023 to November 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Serbia ($7,013 per ton), while the price for Bosnia and Herzegovina totaled $5,901 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Serbia (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Butter and Other Fats and Oils Derived from Milk in Croatia (FOB) - 2023
In November 2023, the average export price for butter and other fats and oils derived from milk amounted to $7,879 per ton, picking up by 5.9% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 19% against the previous month. As a result, the export price reached the peak level of $8,887 per ton. From May 2023 to November 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In November 2023, the countries with the highest prices were the UK ($9,307 per ton) and North Macedonia ($7,213 per ton), while the average price for exports to Bosnia and Herzegovina ($6,674 per ton) and Kosovo ($6,788 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Butter and Other Fats and Oils Derived from Milk in Croatia
In 2022, imports of butter and other fats and oils derived from milk into Croatia amounted to 3.9K tons, rising by 4.3% compared with 2021. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 5.1% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of butter and other fats and oils derived from milk surged to $27M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +74.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Butter and Other Fats and Oils Derived from Milk in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.5 | 7.9 | 8.6 | 11.6 | 10.9% |
| Poland | 3.9 | 1.3 | 1.6 | 3.6 | -2.6% |
| Italy | 0.4 | 0.8 | 1.2 | 2.8 | 91.3% |
| Netherlands | 0.9 | 1.0 | 2.5 | 2.5 | 40.6% |
| Serbia | 0.9 | 1.1 | 1.3 | 1.5 | 18.6% |
| Austria | 0.3 | 0.2 | 0.4 | 1.3 | 63.0% |
| Belgium | 0.6 | 0.6 | 0.9 | 0.9 | 14.5% |
| France | 0.9 | 0.7 | 0.8 | 0.7 | -8.0% |
| Slovenia | 0.3 | 0.4 | 0.6 | 0.7 | 32.6% |
| Others | 0.4 | 1.4 | 1.3 | 1.1 | 40.1% |
| Total | 17.2 | 15.4 | 19.2 | 26.8 | 15.9% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Croatia in 2022:
- Germany (1572.2 tons)
- Poland (497.2 tons)
- Netherlands (444.5 tons)
- Italy (367.1 tons)
- Serbia (270.8 tons)
- Austria (204.3 tons)
- Belgium (124.2 tons)
- Slovenia (113.4 tons)
- France (107.0 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Croatia
After two years of decline, overseas shipments of butter and other fats and oils derived from milk increased by 3.8% to 837 tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, exports of butter and other fats and oils derived from milk soared to $5.9M in 2022. The total export value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. 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 Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 1,618 | 1,857 | 1,847 | 1,856 | 4.7% |
| Slovenia | 1,753 | 1,624 | 1,812 | 1,785 | 0.6% |
| Montenegro | 935 | 540 | 615 | 837 | -3.6% |
| Netherlands | 0.5 | 0.1 | 2.1 | 215 | 654.8% |
| Kosovo | N/A | 6.9 | 49.3 | 171 | 397.8% |
| North Macedonia | 246 | 171 | 133 | 162 | -13.0% |
| Romania | 27.7 | N/A | 55.7 | 145 | 73.6% |
| Denmark | N/A | N/A | 2.8 | 143 | 5007.1% |
| Poland | 248 | 268 | N/A | 141 | -17.2% |
| Sweden | 74.8 | 85.9 | 99.5 | 140 | 23.2% |
| Italy | 2.1 | 0.4 | 0.8 | 133 | 298.6% |
| Albania | 200 | 151 | 89.4 | N/A | -33.1% |
| Others | 88.1 | 187 | 342 | 167 | 23.8% |
| Total | 5,194 | 4,891 | 5,048 | 5,894 | 4.3% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Croatia in 2022:
- Bosnia and Herzegovina (291.1 tons)
- Slovenia (227.9 tons)
- Montenegro (102.5 tons)
- Netherlands (42.2 tons)
- North Macedonia (26.5 tons)
- Kosovo (24.9 tons)
- Romania (21.4 tons)
- Italy (19.8 tons)
- Denmark (19.8 tons)
- Poland (19.8 tons)
- Sweden (19.6 tons)
459
This report provides an in-depth analysis of the butter and ghee market in Croatia.
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This report provides an in-depth analysis of the ghee market in Croatia.
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This report provides an in-depth analysis of the butter market in Croatia.
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This report provides an in-depth analysis of the dairy produce market in Croatia.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Croatia.
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This report provides an in-depth analysis of the dairy spread market in Croatia.
2101
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.
2790
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.
1758
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
922
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
