Price for Butter and Other Fats and Oils Derived from Milk in Peru - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Peru (CIF) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Peru (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Peru
- Exports of Butter and Other Fats and Oils Derived from Milk in Peru
Price for Butter and Other Fats and Oils Derived from Milk in Peru (CIF) - 2022
The average import price for butter and other fats and oils derived from milk stood at $6,523 per ton in 2022, with an increase of 31% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +34.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 49%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bolivia ($7,385 per ton) and Chile ($7,165 per ton), while the price for Uruguay ($5,768 per ton) and Argentina ($6,571 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.9%), 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 Peru (FOB) - 2022
In 2022, the average export price for butter and other fats and oils derived from milk amounted to $4,068 per ton, reducing by -14.4% against the previous year. Over the period under review, the export price, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2013 an increase of 65% against the previous year. The export price peaked at $9,013 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($4,503 per ton), while the average price for exports to Italy amounted to $1,565 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+17.7%), 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 Peru
In 2022, imports of butter and other fats and oils derived from milk into Peru rose modestly to 6.7K tons, with an increase of 4.8% on the year before. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 62% against the previous year. As a result, imports attained the peak of 9.8K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of butter and other fats and oils derived from milk soared to $44M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 46% against the previous year. As a result, imports attained the peak of $47M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Butter and Other Fats and Oils Derived from Milk in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 21.0 | 37.6 | 24.4 | 34.0 | 17.4% |
| Argentina | 2.0 | 1.9 | 1.7 | 5.2 | 37.5% |
| Uruguay | 1.5 | 0.5 | 1.1 | 2.0 | 10.1% |
| Bolivia | 0.7 | 1.0 | 1.1 | 1.3 | 22.9% |
| Chile | 3.1 | 3.8 | 0.8 | 0.1 | -68.2% |
| United Kingdom | 1.1 | 1.2 | 1.2 | N/A | 4.4% |
| Others | 3.0 | 1.5 | 1.6 | 1.1 | -28.4% |
| Total | 32.5 | 47.4 | 31.8 | 43.7 | 10.4% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Peru in 2022:
- New Zealand (5170.3 tons)
- Argentina (798.8 tons)
- Uruguay (350.0 tons)
- Bolivia (173.2 tons)
- Chile (15.5 tons)
- United Kingdom (0.2 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Peru
In 2022, overseas shipments of butter and other fats and oils derived from milk increased by 1,843% to 13 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of butter and other fats and oils derived from milk skyrocketed to $51K in 2022. Over the period under review, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Butter and Other Fats and Oils Derived from Milk in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 21.8 | 15.5 | 2.1 | 43.1 | 25.5% |
| Italy | N/A | 0.1 | N/A | 0.7 | 164.6% |
| Free Zones | 1.0 | 0.9 | 0.2 | N/A | -55.3% |
| Spain | 7.7 | N/A | 0.6 | N/A | -72.1% |
| Others | 0.4 | 0.5 | 0.1 | 7.5 | 165.7% |
| Total | 30.9 | 17.0 | 3.1 | 51.4 | 18.5% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Peru in 2022:
- Ecuador (9.6 tons)
- Italy (0.5 tons)
677
This report provides an in-depth analysis of the butter and ghee market in Peru.
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This report provides an in-depth analysis of the ghee market in Peru.
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This report provides an in-depth analysis of the butter market in Peru.
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This report provides an in-depth analysis of the dairy produce market in Peru.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Peru.
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This report provides an in-depth analysis of the dairy spread market in Peru.
2105
This report provides an in-depth analysis of the global butter and ghee market.
2844
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.
7877
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.
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
924
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
