Price for Butter and Other Fats and Oils Derived from Milk in Iran - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Iran (CIF) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Iran (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Iran
- Exports of Butter and Other Fats and Oils Derived from Milk in Iran
Price for Butter and Other Fats and Oils Derived from Milk in Iran (CIF) - 2022
The average import price for butter and other fats and oils derived from milk stood at $5,290 per ton in 2022, falling by -14.6% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 +31.3% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 34% against the previous year. The import price peaked at $6,193 per ton in 2021, and then dropped in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($9,337 per ton), while the price for Australia ($583 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+8.9%), 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 Iran (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $3,785 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 23%. The export price peaked at $4,920 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($4,870 per ton), while the average price for exports to Afghanistan ($1,028 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 Senegal (+22.1%), 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 Iran
In 2022, supplies from abroad of butter and other fats and oils derived from milk increased by 1,108% to 5.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a significant curtailment.
In value terms, imports of butter and other fats and oils derived from milk skyrocketed to $27M in 2022. In general, imports, however, showed a sharp curtailment.
| Import of Butter and Other Fats and Oils Derived from Milk in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.2 | 14.1 | 1.0 | 10.6 | -23.0% |
| Portugal | 4.5 | 6.3 | 0.5 | 4.7 | 1.5% |
| Russia | 9.1 | 3.7 | 0.3 | 4.0 | -24.0% |
| Netherlands | 12.6 | 3.9 | 0.3 | 2.4 | -42.5% |
| New Zealand | 7.1 | 2.4 | 0.1 | 1.2 | -44.7% |
| Ireland | 3.5 | 1.9 | 0.1 | 1.0 | -34.1% |
| Turkey | 27.9 | 5.5 | 0.1 | 0.5 | -73.8% |
| United Arab Emirates | 209 | 9.5 | N/A | 0.4 | -87.6% |
| Australia | 2.5 | 0.7 | N/A | 0.4 | -45.7% |
| Others | 9.5 | 3.5 | 0.2 | 1.7 | -43.6% |
| Total | 309 | 51.5 | 2.6 | 27.0 | -55.6% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Iran in 2022:
- Germany (1850.7 tons)
- Portugal (805.5 tons)
- Australia (757.7 tons)
- Russia (424.8 tons)
- Netherlands (344.3 tons)
- New Zealand (212.4 tons)
- Ireland (161.4 tons)
- United Arab Emirates (95.2 tons)
- Turkey (68.9 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Iran
In 2022, shipments abroad of butter and other fats and oils derived from milk decreased by -48.5% to 2.2K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 5,458% against the previous year. As a result, the exports attained the peak of 4.3K tons, and then declined dramatically in the following year.
In value terms, exports of butter and other fats and oils derived from milk declined markedly to $8.4M in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 6,587% against the previous year. As a result, the exports attained the peak of $16M, and then declined notably in the following year.
| Export of Butter and Other Fats and Oils Derived from Milk in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 0.1 | N/A | 6.5 | 3.1 | 214.1% |
| Azerbaijan | N/A | N/A | 6.8 | 2.9 | -57.4% |
| Kazakhstan | N/A | N/A | 0.3 | 1.2 | 300.0% |
| Uzbekistan | N/A | N/A | 0.6 | 0.4 | -33.3% |
| United Arab Emirates | 0.1 | 0.1 | 0.4 | 0.2 | 26.0% |
| Senegal | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Belarus | N/A | N/A | 0.8 | N/A | 0% |
| Others | 0.1 | 0.1 | 1.1 | 0.5 | 71.0% |
| Total | 0.3 | 0.2 | 16.5 | 8.4 | 203.7% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Iran in 2022:
- Iraq (820.7 tons)
- Azerbaijan (703.5 tons)
- Kazakhstan (354.4 tons)
- Uzbekistan (73.0 tons)
- United Arab Emirates (67.9 tons)
- Senegal (59.0 tons)
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This report provides an in-depth analysis of the butter and ghee market in Iran.
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This report provides an in-depth analysis of the ghee market in Iran.
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This report provides an in-depth analysis of the butter market in Iran.
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This report provides an in-depth analysis of the dairy produce market in Iran.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Iran.
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This report provides an in-depth analysis of the dairy spread market in Iran.
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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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The butter market is projected to experience steady growth over the next seven years, driven by increasing demand worldwide. Market performance is expected to see a CAGR of +1.8% in volume and +3.5% in value from 2023 to 2030.
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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.
