Price for Butter and Other Fats and Oils Derived from Milk in Lithuania - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Lithuania (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Lithuania (FOB) - 2023
- Imports of Butter and Other Fats and Oils Derived from Milk in Lithuania
- Exports of Butter and Other Fats and Oils Derived from Milk in Lithuania
Price for Butter and Other Fats and Oils Derived from Milk in Lithuania (CIF) - 2023
The average import price for butter and other fats and oils derived from milk stood at $6,346 per ton in November 2023, surging by 5.6% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 8.6% m-o-m. Over the period under review, average import prices attained the peak figure at $6,966 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the UK ($8,255 per ton), while the price for Latvia ($5,216 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+1.9%), while the prices for the other major suppliers experienced a decline.
Price for Butter and Other Fats and Oils Derived from Milk in Lithuania (FOB) - 2023
The average export price for butter and other fats and oils derived from milk stood at $6,014 per ton in November 2023, increasing by 5% against the previous month. Overall, the export price, however, saw a mild decrease. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 7.3% month-to-month. Over the period under review, the average export prices reached the peak figure at $7,630 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Latvia ($11,881 per ton), while the average price for exports to Uzbekistan ($924 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 Latvia (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Butter and Other Fats and Oils Derived from Milk in Lithuania
In 2022, approx. 6.4K tons of butter and other fats and oils derived from milk were imported into Lithuania; leveling off at the previous year. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of butter and other fats and oils derived from milk skyrocketed to $44M in 2022. Over the period under review, imports recorded a significant 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 Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 16.9 | 14.4 | 16.4 | 27.5 | 17.6% |
| Netherlands | 0.3 | 0.7 | 5.6 | 5.4 | 162.1% |
| Ukraine | N/A | N/A | N/A | 2.8 | 0% |
| Germany | 2.6 | 2.1 | 1.9 | 1.5 | -16.8% |
| Italy | 0.1 | 0.1 | 0.4 | 1.4 | 141.0% |
| Belgium | 1.4 | 1.5 | 2.6 | 1.3 | -2.4% |
| United Kingdom | 1.2 | 1.9 | 1.4 | 1.2 | 0.0% |
| Estonia | 1.2 | 0.9 | 0.4 | 0.8 | -12.6% |
| Czech Republic | 0.2 | 0.5 | 0.7 | 0.6 | 44.2% |
| France | 0.4 | 0.3 | 1.2 | 0.6 | 14.5% |
| Latvia | 0.5 | 1.0 | 1.0 | 0.6 | 6.3% |
| Others | 0.2 | 0.1 | 0.5 | 0.3 | 14.5% |
| Total | 25.0 | 23.4 | 32.0 | 44.0 | 20.7% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Lithuania in 2022:
- Poland (3996.2 tons)
- Netherlands (738.1 tons)
- Ukraine (449.3 tons)
- Germany (205.0 tons)
- Italy (186.5 tons)
- Belgium (172.9 tons)
- France (145.0 tons)
- United Kingdom (143.2 tons)
- Estonia (118.0 tons)
- Latvia (95.4 tons)
- Czech Republic (84.5 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Lithuania
In 2022, overseas shipments of butter and other fats and oils derived from milk decreased by -30.4% to 4.2K tons, falling for the second year in a row after two years of growth. In general, exports showed a slight setback. The pace of growth appeared the most rapid in 2020 when exports increased by 47%. As a result, the exports reached the peak of 6.4K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of butter and other fats and oils derived from milk rose remarkably to $28M in 2022. The total export value increased at an average annual rate of +12.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 47% against the previous year. As a result, the exports attained the peak of $29M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Butter and Other Fats and Oils Derived from Milk in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.1 | 17.7 | 2.6 | 15.2 | 140.0% |
| Latvia | 5.6 | 4.0 | 4.2 | 3.7 | -12.9% |
| Poland | N/A | 0.3 | 4.8 | 1.4 | 116.0% |
| France | 1.1 | N/A | N/A | 1.4 | 8.4% |
| Germany | 2.3 | 1.4 | 4.7 | 1.2 | -19.5% |
| Estonia | 1.2 | 0.7 | 1.2 | 1.1 | -2.9% |
| Czech Republic | N/A | 0.2 | 0.7 | 0.6 | 73.2% |
| Uzbekistan | 0.2 | 0.2 | 0.9 | 0.5 | 35.7% |
| Israel | 1.4 | 0.7 | 0.5 | 0.3 | -40.2% |
| Italy | 0.7 | 0.3 | 1.7 | 0.1 | -47.7% |
| Kazakhstan | 3.4 | 0.4 | 0.1 | 0.1 | -69.1% |
| Others | 2.6 | 2.7 | 5.2 | 2.5 | -1.3% |
| Total | 19.6 | 28.8 | 26.4 | 28.0 | 12.6% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Lithuania in 2022:
- Saudi Arabia (2149.9 tons)
- Latvia (516.6 tons)
- Poland (459.9 tons)
- France (176.8 tons)
- Germany (161.5 tons)
- Estonia (149.1 tons)
- Uzbekistan (140.3 tons)
- Czech Republic (65.5 tons)
- Israel (41.0 tons)
- Italy (15.0 tons)
- Kazakhstan (12.2 tons)
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This report provides an in-depth analysis of the butter and ghee market in Lithuania.
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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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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
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