Price for Butter and Other Fats and Oils Derived from Milk in Mexico - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Mexico (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Mexico (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Mexico
- Exports of Butter and Other Fats and Oils Derived from Milk in Mexico
Price for Butter and Other Fats and Oils Derived from Milk in Mexico (CIF) - 2023
The average import price for butter and other fats and oils derived from milk stood at $5,957 per ton in September 2023, leveling off at the previous month. In general, the import price recorded a slight contraction. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 1,850% against the previous month. As a result, import price reached the peak level of $137K per ton. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for New Zealand.
From December 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to +4.9% per month.
Price for Butter and Other Fats and Oils Derived from Milk in Mexico (FOB) - 2022
In 2022, the average export price for butter and other fats and oils derived from milk amounted to $7,884 per ton, rising by 8.6% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.9% 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 +28.1% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 33%. The export price peaked in 2022 and is likely to see steady growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +7.9% per year.
Imports of Butter and Other Fats and Oils Derived from Milk in Mexico
In 2022, overseas purchases of butter and other fats and oils derived from milk increased by 52% to 20K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a dramatic downturn.
In value terms, imports of butter and other fats and oils derived from milk soared to $161M in 2022. Overall, imports, however, showed a abrupt slump.
| Import of Butter and Other Fats and Oils Derived from Milk in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 245 | 150 | 80.9 | 125 | -20.1% |
| United States | 11.7 | 8.3 | 16.5 | 30.8 | 38.1% |
| Argentina | N/A | N/A | N/A | 2.7 | 0% |
| Others | 13.3 | 7.9 | 0.8 | 2.4 | -43.5% |
| Total | 270 | 166 | 98.2 | 161 | -15.8% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Mexico in 2022:
- New Zealand (16.5K tons)
- United States (3.1K tons)
- Argentina (0.3K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Mexico
In 2022, overseas shipments of butter and other fats and oils derived from milk were finally on the rise to reach 1.2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a dramatic slump.
In value terms, exports of butter and other fats and oils derived from milk surged to $9.1M in 2022. In general, exports, however, recorded a precipitous curtailment.
| Export of Butter and Other Fats and Oils Derived from Milk in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 57.5 | 35.8 | 4.1 | 9.1 | -45.9% |
| Others | N/A | 0.3 | 0.4 | N/A | 33.3% |
| Total | 57.5 | 36.1 | 4.5 | 9.1 | -45.9% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Mexico in 2022:
- United States (1.2K tons)
673
This report provides an in-depth analysis of the butter and ghee market in Mexico.
617
This report provides an in-depth analysis of the ghee market in Mexico.
728
This report provides an in-depth analysis of the butter market in Mexico.
440
This report provides an in-depth analysis of the dairy produce market in Mexico.
370
This report provides an in-depth analysis of the market for butter and dairy spreads in Mexico.
479
This report provides an in-depth analysis of the dairy spread market in Mexico.
2103
This report provides an in-depth analysis of the global butter and ghee market.
2843
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.
942
This report provides an in-depth analysis of the global dairy produce market.
7873
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
2853
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
6344
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
6788
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.
1033
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2790
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.
1758
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
1586
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
923
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
