Price for Butter and Other Fats and Oils Derived from Milk in France - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in France (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in France (FOB) - 2023
- Imports of Butter and Other Fats and Oils Derived from Milk in France
- Exports of Butter and Other Fats and Oils Derived from Milk in France
Price for Butter and Other Fats and Oils Derived from Milk in France (CIF) - 2023
The average import price for butter and other fats and oils derived from milk stood at $5,740 per ton in November 2023, standing approximately at the previous month. Overall, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in July 2023 an increase of 4.3% month-to-month. Over the period under review, average import prices attained the peak figure at $7,160 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From November 2022 to November 2023, the rate of growth in terms of prices for the UK amounted to -0.6% per month.
Price for Butter and Other Fats and Oils Derived from Milk in France (FOB) - 2023
In November 2023, the average export price for butter and other fats and oils derived from milk amounted to $7,707 per ton, remaining stable against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 2.8% month-to-month. Over the period under review, the average export prices hit record highs at $7,984 per ton in January 2023; however, from February 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was South Korea ($9,567 per ton), while the average price for exports to Ukraine ($5,999 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 Libya (+0.8%), 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 France
In 2022, imports of butter and other fats and oils derived from milk into France expanded sharply to 241K tons, picking up by 12% compared with 2021 figures. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached 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 $1.6B in 2022. Overall, imports recorded a strong expansion. 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 France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 315 | 336 | 431 | 648 | 27.2% |
| Belgium | 280 | 261 | 287 | 423 | 14.7% |
| Ireland | 123 | 73.7 | 109 | 184 | 14.4% |
| Germany | 126 | 48.4 | 52.0 | 92.1 | -9.9% |
| Poland | 29.9 | 9.5 | 11.5 | 57.8 | 24.6% |
| United Kingdom | 30.7 | 9.6 | 32.1 | 54.6 | 21.2% |
| Finland | 56.6 | 30.9 | 34.9 | 49.0 | -4.7% |
| Others | 93.0 | 58.6 | 77.0 | 135 | 13.2% |
| Total | 1,055 | 828 | 1,035 | 1,643 | 15.9% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to France in 2022:
- Netherlands (96.1K tons)
- Belgium (61.3K tons)
- Ireland (28.1K tons)
- Germany (13.0K tons)
- Poland (8.6K tons)
- United Kingdom (7.7K tons)
- Finland (7.6K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in France
In 2022, the amount of butter and other fats and oils derived from milk exported from France amounted to 100K tons, leveling off at the previous year. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 9.2% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of butter and other fats and oils derived from milk soared to $765M in 2022. The total export value increased at an average annual rate of +10.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Butter and Other Fats and Oils Derived from Milk in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 74.7 | 65.4 | 93.5 | 127 | 19.4% |
| South Korea | 24.4 | 32.6 | 53.4 | 59.6 | 34.7% |
| Netherlands | 27.1 | 28.8 | 30.6 | 52.2 | 24.4% |
| United Kingdom | 44.6 | 37.9 | 39.2 | 45.5 | 0.7% |
| China | 36.4 | 39.6 | 36.9 | 45.5 | 7.7% |
| Italy | 50.9 | 27.0 | 44.7 | 42.7 | -5.7% |
| Spain | 21.7 | 19.6 | 30.2 | 35.7 | 18.1% |
| Taiwan (Chinese) | 20.9 | 17.9 | 23.5 | 28.1 | 10.4% |
| Saudi Arabia | 18.7 | 20.0 | 20.5 | 23.8 | 8.4% |
| United States | 13.5 | 12.3 | 17.5 | 20.2 | 14.4% |
| Germany | 29.2 | 30.6 | 29.2 | 19.2 | -13.0% |
| Japan | 16.1 | 17.6 | 15.0 | 16.7 | 1.2% |
| United Arab Emirates | 9.9 | 6.3 | 10.0 | 15.7 | 16.6% |
| Others | 181 | 172 | 194 | 233 | 8.8% |
| Total | 569 | 528 | 638 | 765 | 10.4% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from France in 2022:
- Belgium (18.2K tons)
- South Korea (7.1K tons)
- Netherlands (6.9K tons)
- United Kingdom (6.1K tons)
- Italy (5.6K tons)
- China (5.5K tons)
- Spain (5.1K tons)
- Taiwan (Chinese) (3.6K tons)
- Saudi Arabia (2.8K tons)
- Germany (2.5K tons)
- United States (2.4K tons)
- Japan (2.0K tons)
- United Arab Emirates (1.9K tons)
909
This report provides an in-depth analysis of the butter and ghee market in France.
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This report provides an in-depth analysis of the ghee market in France.
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This report provides an in-depth analysis of the butter market in France.
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This report provides an in-depth analysis of the market for butter and dairy spreads in France.
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This report provides an in-depth analysis of the dairy spread market in France.
2117
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.
225
In April 2023, the Ghee price reached $7,248 per ton (CIF, France), showing a decrease of 7.3% compared to the previous month.
124
The most significant growth rate was observed in May 2023, with butter imports increasing by 16% month-to-month. However, in October 2023, butter imports saw a notable decline in value, dropping to $104K.
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In August 2022, the butter price stood at $8,003 per ton (CIF, France), growing by 3.4% against the previous month.
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In January 2023, the dairy spread price stood at $6,625 per ton (FOB, France), increasing by 30% against the previous month.
7889
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.
6790
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.
