Price for Butter and Other Fats and Oils Derived from Milk in Ecuador - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Ecuador (CIF) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Ecuador (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Ecuador
- Exports of Butter and Other Fats and Oils Derived from Milk in Ecuador
Price for Butter and Other Fats and Oils Derived from Milk in Ecuador (CIF) - 2022
The average import price for butter and other fats and oils derived from milk stood at $8,742 per ton in 2022, picking up by 69% against the previous year. Over the period under review, the import price enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 an increase of 71%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($10,011 per ton), while the price for the United States ($3,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Butter and Other Fats and Oils Derived from Milk in Ecuador (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $7,000 per ton in 2022, growing by 67% against the previous year. In general, the export price showed a strong increase. As a result, the export price reached 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 Panama.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.1% per year.
Imports of Butter and Other Fats and Oils Derived from Milk in Ecuador
In 2022, approx. 30 tons of butter and other fats and oils derived from milk were imported into Ecuador; with an increase of 8.7% against the year before. Over the period under review, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 89%. As a result, imports reached the peak of 87 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of butter and other fats and oils derived from milk surged to $259K in 2022. Overall, imports recorded a moderate expansion.
| Import of Butter and Other Fats and Oils Derived from Milk in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 54.1 | 35.8 | 32.9 | 141 | 37.6% |
| France | 20.2 | 55.0 | 9.8 | 118 | 80.1% |
| New Zealand | 20.3 | N/A | N/A | N/A | 0% |
| Belgium | 80.8 | 148 | 76.6 | N/A | -2.6% |
| Peru | 15.9 | 23.4 | 9.7 | N/A | -21.9% |
| Guatemala | N/A | 19.8 | N/A | N/A | 0% |
| Malaysia | 22.2 | N/A | N/A | N/A | 0% |
| United States | 26.8 | 74.1 | 12.2 | N/A | -32.5% |
| Others | 0.2 | 1.0 | 0.1 | N/A | -29.3% |
| Total | 240 | 357 | 141 | 259 | 2.6% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Ecuador in 2022:
- France (15.6 tons)
- Denmark (14.1 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Ecuador
In 2022, the amount of butter and other fats and oils derived from milk exported from Ecuador shrank sharply to 9 kg, dropping by -99.9% on the previous year. Over the period under review, exports showed a sharp descent. The growth pace was the most rapid in 2021 with an increase of 23,850%. As a result, the exports attained the peak of 11 tons, and then fell dramatically in the following year.
In value terms, exports of butter and other fats and oils derived from milk reduced notably to $63 in 2022. Overall, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 18,907% against the previous year. As a result, the exports attained the peak of $46K, and then declined rapidly in the following year.
| Export of Butter and Other Fats and Oils Derived from Milk in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | N/A | N/A | 0.7 | 0.1 | -85.7% |
| Peru | 0.1 | 0.2 | 25.5 | N/A | 1496.9% |
| United States | 0.1 | N/A | 9.1 | N/A | 853.9% |
| Maldives | N/A | N/A | 10.0 | N/A | 0% |
| Others | N/A | N/A | 0.8 | N/A | 0% |
| Total | 0.2 | 0.2 | 46.2 | 0.1 | -20.6% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Ecuador in 2022:
- Panama (9.0 kg)
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This report provides an in-depth analysis of the butter and ghee market in Ecuador.
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This report provides an in-depth analysis of the ghee market in Ecuador.
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This report provides an in-depth analysis of the butter market in Ecuador.
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This report provides an in-depth analysis of the dairy produce market in Ecuador.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Ecuador.
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This report provides an in-depth analysis of the dairy spread market in Ecuador.
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
