Price for Butter and Other Fats and Oils Derived from Milk in Israel - 2024
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Israel (CIF) - 2024
- Price for Butter and Other Fats and Oils Derived from Milk in Israel (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Israel
- Exports of Butter and Other Fats and Oils Derived from Milk in Israel
Price for Butter and Other Fats and Oils Derived from Milk in Israel (CIF) - 2024
In October 2023, the average import price for butter and other fats and oils derived from milk amounted to $6,260 per ton, approximately reflecting the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 1% month-to-month. As a result, import price reached the peak level of $6,311 per ton; afterwards, it flattened through to October 2023.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the countries with the highest prices were the Netherlands ($6,983 per ton) and Ukraine ($6,239 per ton), while the price for France ($6,239 per ton) and Ireland ($6,239 per ton) were amongst the lowest.
From January 2023 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.8%), 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 Israel (FOB) - 2022
In 2022, the average export price for butter and other fats and oils derived from milk amounted to $7,283 per ton, with an increase of 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 40%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Egypt.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +7.1% per year.
Imports of Butter and Other Fats and Oils Derived from Milk in Israel
In 2022, supplies from abroad of butter and other fats and oils derived from milk decreased by -30.1% to 4.6K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. As a result, imports reached the peak of 11K 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 reduced modestly to $32M in 2022. Over the period under review, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -35.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 75% against the previous year. As a result, imports reached the peak of $50M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Butter and Other Fats and Oils Derived from Milk in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.4 | 10.9 | 2.8 | 7.6 | 75.7% |
| Ukraine | 6.8 | 4.9 | 3.5 | 4.2 | -14.8% |
| Turkey | N/A | N/A | 0.1 | 4.0 | 3900.0% |
| Germany | 1.3 | 3.6 | 7.5 | 3.9 | 44.2% |
| Finland | 5.3 | 8.6 | 3.2 | 3.1 | -16.4% |
| Netherlands | 1.0 | 4.1 | 1.9 | 2.9 | 42.6% |
| Denmark | N/A | 0.8 | 1.9 | 2.1 | 62.0% |
| Ireland | 2.0 | 1.1 | 1.8 | 1.3 | -13.4% |
| Poland | 2.3 | 5.1 | 4.0 | 1.0 | -24.2% |
| Lithuania | 1.4 | 1.0 | 0.5 | 0.3 | -40.2% |
| Belgium | 4.6 | 2.1 | 0.8 | 0.1 | -72.1% |
| Hungary | N/A | 3.8 | 1.0 | N/A | -73.7% |
| Italy | 0.7 | 1.1 | 0.5 | N/A | -15.5% |
| Others | 1.6 | 2.8 | 3.1 | 1.9 | 5.9% |
| Total | 28.4 | 49.8 | 32.7 | 32.4 | 4.5% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Israel in 2022:
- France (1086.3 tons)
- Ukraine (594.6 tons)
- Turkey (579.1 tons)
- Germany (555.9 tons)
- Finland (449.0 tons)
- Netherlands (385.5 tons)
- Denmark (302.8 tons)
- Ireland (180.9 tons)
- Poland (141.8 tons)
- Lithuania (46.8 tons)
- Belgium (8.0 tons)
- Italy (5.9 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Israel
In 2022, shipments abroad of butter and other fats and oils derived from milk decreased by -99.8% to 1.8 tons, falling for the second year in a row after two years of growth. Overall, exports showed a precipitous setback. The pace of growth appeared the most rapid in 2020 with an increase of 68% against the previous year. As a result, the exports attained the peak of 1.5K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of butter and other fats and oils derived from milk reduced sharply to $13K in 2022. In general, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $7.6M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Butter and Other Fats and Oils Derived from Milk in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Palestine | 4.1 | 7.2 | 3.9 | N/A | -2.5% |
| Belgium | N/A | 0.2 | 0.2 | N/A | 0.0% |
| United States | 0.8 | N/A | N/A | N/A | 0% |
| Egypt | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Total | 5.2 | 7.6 | 4.1 | N/A | -11.2% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Israel in 2022:
- Egypt (1.8 tons)
922
This report provides an in-depth analysis of the butter and ghee market in Israel.
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This report provides an in-depth analysis of the ghee market in Israel.
695
This report provides an in-depth analysis of the butter market in Israel.
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This report provides an in-depth analysis of the dairy produce market in Israel.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Israel.
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This report provides an in-depth analysis of the dairy spread market in Israel.
2148
This report provides an in-depth analysis of the global butter and ghee market.
2875
This report provides an in-depth analysis of the global ghee market.
3292
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.
7943
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
2896
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
6375
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
6809
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.
1053
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2812
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.
1778
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
1599
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.
951
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.
