Price for Butter and Other Fats and Oils Derived from Milk in Ethiopia - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Ethiopia (CIF) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Ethiopia (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Ethiopia
- Exports of Butter and Other Fats and Oils Derived from Milk in Ethiopia
Price for Butter and Other Fats and Oils Derived from Milk in Ethiopia (CIF) - 2022
The average import price for butter and other fats and oils derived from milk stood at $6,123 per ton in 2022, rising by 7.6% against the previous year. Over the period under review, import price indicated perceptible growth 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, import price for butter and other fats and oils derived from milk increased by +33.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 72% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($43,041 per ton), while the price for China ($1,086 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+24.2%), 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 Ethiopia (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $9,485 per ton in 2022, jumping by 49% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. 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 +79.8% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($85,825 per ton), while the average price for exports to the United States ($4,197 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 the United Arab Emirates (+73.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Butter and Other Fats and Oils Derived from Milk in Ethiopia
In 2022, the amount of butter and other fats and oils derived from milk imported into Ethiopia reduced rapidly to 26 tons, waning by -50.9% on the year before. In general, imports recorded a sharp shrinkage. The smallest decline of -35.8% was in 2021.
In value terms, imports of butter and other fats and oils derived from milk dropped remarkably to $161K in 2022. Over the period under review, imports showed a dramatic setback. The smallest decline of -29.3% was in 2021.
| Import of Butter and Other Fats and Oils Derived from Milk in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 489 | 25.2 | 152 | 67.9 | -48.2% |
| Denmark | 63.5 | 11.8 | 2.9 | 36.7 | -16.7% |
| Netherlands | 45.2 | N/A | N/A | 20.2 | -23.5% |
| Kenya | N/A | N/A | 89.2 | 19.4 | -78.3% |
| Belgium | 71.2 | 8.5 | 16.3 | 8.1 | -51.5% |
| United Arab Emirates | 27.6 | 0.7 | N/A | 3.5 | -49.8% |
| China | 29.0 | 0.2 | 0.4 | 1.1 | -66.4% |
| Yemen | N/A | 360 | N/A | N/A | 0% |
| Egypt | 250 | 20.6 | N/A | N/A | -91.8% |
| South Africa | 89.7 | 0.4 | 14.0 | N/A | -60.5% |
| Others | 91.1 | 3.5 | 30.0 | 4.0 | -64.7% |
| Total | 1,156 | 431 | 305 | 161 | -48.2% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Ethiopia in 2022:
- Kenya (9.9 tons)
- France (7.3 tons)
- Denmark (5.2 tons)
- Belgium (1.2 tons)
- China (1.0 tons)
- United Arab Emirates (0.6 tons)
- Netherlands (0.5 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Ethiopia
For the third consecutive year, Ethiopia recorded decline in overseas shipments of butter and other fats and oils derived from milk, which decreased by -18.8% to 2 tons in 2022. Over the period under review, exports faced a precipitous contraction. The smallest decline of -3.8% was in 2020.
In value terms, exports of butter and other fats and oils derived from milk soared to $19K in 2022. Overall, exports saw a deep slump.
| Export of Butter and Other Fats and Oils Derived from Milk in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 0.1 | N/A | 6.9 | 730.7% |
| Qatar | N/A | 4.4 | 3.2 | 4.6 | 2.2% |
| United States | 4.7 | 15.4 | 4.7 | 3.9 | -6.0% |
| Australia | 2.2 | 0.5 | 5.8 | 3.5 | 16.7% |
| Sudan | 19.1 | 6.4 | N/A | N/A | -66.5% |
| Others | 1.9 | 2.0 | 2.1 | 0.2 | -52.8% |
| Total | 27.9 | 28.8 | 15.8 | 19.1 | -11.9% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Ethiopia in 2022:
- United States (923.0 kg)
- Australia (626.0 kg)
- Qatar (360.0 kg)
- United Arab Emirates (80.0 kg)
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This report provides an in-depth analysis of the butter and ghee market in Ethiopia.
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This report provides an in-depth analysis of the ghee market in Ethiopia.
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This report provides an in-depth analysis of the butter market in Ethiopia.
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This report provides an in-depth analysis of the dairy produce market in Ethiopia.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Ethiopia.
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This report provides an in-depth analysis of the dairy spread market in Ethiopia.
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
