Price for Butter and Other Fats and Oils Derived from Milk in Portugal - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Portugal (FOB) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Portugal (CIF) - 2023
- Exports of Butter and Other Fats and Oils Derived from Milk in Portugal
- Imports of Butter and Other Fats and Oils Derived from Milk in Portugal
Price for Butter and Other Fats and Oils Derived from Milk in Portugal (FOB) - 2023
The average export price for butter and other fats and oils derived from milk stood at $6,629 per ton in November 2023, surging by 1.5% against the previous month. In general, the export price saw a mild increase. The most prominent rate of growth was recorded in December 2022 an increase of 15% month-to-month. The export price peaked at $7,068 per ton in January 2023; however, from February 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Angola ($12,791 per ton), while the average price for exports to France ($1,180 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 the Netherlands (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Butter and Other Fats and Oils Derived from Milk in Portugal (CIF) - 2023
In November 2023, the average import price for butter and other fats and oils derived from milk amounted to $5,059 per ton, picking up by 3.6% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 14% against the previous month. As a result, import price reached the peak level of $6,008 per ton. From February 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($10,136 per ton), while the price for Finland ($5,566 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 Spain (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Butter and Other Fats and Oils Derived from Milk in Portugal
In 2022, approx. 7.8K tons of butter and other fats and oils derived from milk were exported from Portugal; waning by -49.4% against the previous year. Overall, exports faced a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 15K tons, and then shrank remarkably in the following year.
In value terms, exports of butter and other fats and oils derived from milk shrank significantly to $51M in 2022. Over the period under review, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, the exports reached the peak of $75M, and then reduced rapidly in the following year.
| Export of Butter and Other Fats and Oils Derived from Milk in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 11.3 | 3.8 | 14.6 | 12.5 | 3.4% |
| Netherlands | 20.1 | 14.1 | 22.4 | 9.9 | -21.0% |
| Spain | 11.3 | 6.4 | 11.0 | 9.1 | -7.0% |
| Morocco | 1.8 | 7.8 | 13.0 | 5.3 | 43.3% |
| Saudi Arabia | 0.1 | 7.0 | 3.8 | 5.2 | 273.3% |
| Angola | 3.2 | 2.0 | 2.2 | 3.1 | -1.1% |
| Cuba | 0.3 | 0.1 | 0.8 | 1.7 | 78.3% |
| Belgium | 4.0 | 1.6 | 2.7 | 0.1 | -70.8% |
| Iran | 1.9 | 6.0 | N/A | N/A | 215.8% |
| Others | 3.8 | 6.0 | 4.1 | 4.2 | 3.4% |
| Total | 57.8 | 54.8 | 74.7 | 51.1 | -4.0% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Portugal in 2022:
- France (1843.8 tons)
- Spain (1688.4 tons)
- Netherlands (1426.9 tons)
- Morocco (805.0 tons)
- Saudi Arabia (713.0 tons)
- Angola (442.6 tons)
- Cuba (220.8 tons)
- Belgium (11.2 tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Portugal
In 2022, approx. 7.9K tons of butter and other fats and oils derived from milk were imported into Portugal; surging by 4.8% on the previous year's figure. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of butter and other fats and oils derived from milk skyrocketed to $38M in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Butter and Other Fats and Oils Derived from Milk in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.8 | 6.0 | 9.6 | 12.5 | 22.5% |
| Belgium | 10.1 | 11.3 | 10.9 | 10.3 | 0.7% |
| France | 4.2 | 4.0 | 4.5 | 4.9 | 5.3% |
| Germany | 4.9 | 4.6 | 3.5 | 4.3 | -4.3% |
| Finland | N/A | N/A | 0.4 | 2.5 | 525.0% |
| Netherlands | 2.1 | 1.5 | 0.9 | 2.1 | 0.0% |
| Others | 0.8 | 0.7 | 0.5 | 1.5 | 23.3% |
| Total | 28.9 | 28.1 | 30.2 | 38.0 | 9.6% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Portugal in 2022:
- Spain (3.8K tons)
- Belgium (1.8K tons)
- France (0.9K tons)
- Germany (0.6K tons)
- Netherlands (0.3K tons)
- Finland (0.3K tons)
717
This report provides an in-depth analysis of the butter and ghee market in Portugal.
532
This report provides an in-depth analysis of the ghee market in Portugal.
805
This report provides an in-depth analysis of the butter market in Portugal.
537
This report provides an in-depth analysis of the dairy produce market in Portugal.
397
This report provides an in-depth analysis of the market for butter and dairy spreads in Portugal.
736
This report provides an in-depth analysis of the dairy spread market in Portugal.
2110
This report provides an in-depth analysis of the global butter and ghee market.
2850
This report provides an in-depth analysis of the global ghee market.
3244
This report provides an in-depth analysis of the global butter market.
943
This report provides an in-depth analysis of the global dairy produce market.
7883
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.
6348
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
6789
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.
1034
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2791
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.
1759
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
925
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
