Price for Butter and Other Fats and Oils Derived from Milk in Romania - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Romania (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Romania (FOB) - 2023
- Imports of Butter and Other Fats and Oils Derived from Milk in Romania
- Exports of Butter and Other Fats and Oils Derived from Milk in Romania
Price for Butter and Other Fats and Oils Derived from Milk in Romania (CIF) - 2023
In October 2023, the average import price for butter and other fats and oils derived from milk amounted to $5,849 per ton, growing by 10% against the previous month. In general, the import price, however, saw a slight reduction. The growth pace was the most rapid in June 2023 an increase of 11% against the previous month. Over the period under review, average import prices reached the peak figure at $6,885 per ton in December 2022; however, from January 2023 to October 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From October 2022 to October 2023, the rate of growth in terms of prices for Bulgaria amounted to +1.8% per month.
Price for Butter and Other Fats and Oils Derived from Milk in Romania (FOB) - 2023
The average export price for butter and other fats and oils derived from milk stood at $5,333 per ton in November 2023, reducing by -12.9% against the previous month. In general, export price indicated a pronounced expansion from November 2022 to November 2023: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for butter and other fats and oils derived from milk decreased by -24.3% against September 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 55% m-o-m. The export price peaked at $8,281 per ton in June 2023; however, from July 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In November 2023, the country with the highest price was the UK ($6,545 per ton), while the average price for exports to Moldova stood at $5,817 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+37.5%), 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 Romania
After three years of growth, supplies from abroad of butter and other fats and oils derived from milk decreased by -0.4% to 18K tons in 2022. The total import volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 15%.
In value terms, imports of butter and other fats and oils derived from milk soared to $115M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 increased by +75.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Butter and Other Fats and Oils Derived from Milk in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 22.0 | 24.4 | 28.6 | 37.5 | 19.5% |
| Germany | 11.8 | 12.5 | 18.2 | 19.5 | 18.2% |
| Netherlands | 4.1 | 7.6 | 9.3 | 15.3 | 55.1% |
| France | 11.3 | 10.1 | 12.9 | 10.5 | -2.4% |
| Belgium | 4.9 | 4.0 | 5.5 | 10.4 | 28.5% |
| Bulgaria | 2.7 | 2.1 | 2.6 | 3.7 | 11.1% |
| Hungary | 2.2 | 2.2 | 2.7 | 3.4 | 15.6% |
| Slovakia | 1.7 | 1.2 | 1.2 | 1.4 | -6.3% |
| Others | 4.9 | 8.2 | 12.6 | 13.6 | 40.5% |
| Total | 65.6 | 72.2 | 93.6 | 115 | 20.6% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Romania in 2022:
- Poland (5.6K tons)
- Germany (2.9K tons)
- Netherlands (2.5K tons)
- France (1.8K tons)
- Belgium (1.4K tons)
- Hungary (0.9K tons)
- Bulgaria (0.8K tons)
- Slovakia (0.3K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Romania
In 2022, exports of butter and other fats and oils derived from milk from Romania stood at 989 tons, surging by 8.3% on the previous year's figure. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 150%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of butter and other fats and oils derived from milk skyrocketed to $5.1M in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Butter and Other Fats and Oils Derived from Milk in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Moldova | 712 | 827 | 1,249 | 1,146 | 17.2% |
| Greece | 0.7 | 195 | 1,147 | 1,045 | 1042.9% |
| Bulgaria | 22.7 | 2.5 | 447 | 733 | 218.4% |
| Poland | 57.9 | 0.7 | 101 | 614 | 119.7% |
| Germany | 18.5 | 20.9 | 28.4 | 568 | 213.1% |
| United Kingdom | 112 | 169 | 326 | 361 | 47.7% |
| Italy | 49.3 | 64.6 | 48.0 | 188 | 56.2% |
| Spain | 101 | 114 | 108 | 89.5 | -3.9% |
| Serbia | N/A | 219 | 260 | 65.2 | -45.4% |
| Georgia | N/A | 155 | 179 | N/A | 15.5% |
| Others | 120 | 104 | 178 | 246 | 27.0% |
| Total | 1,194 | 1,871 | 4,071 | 5,056 | 61.8% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Romania in 2022:
- Greece (383.8 tons)
- Moldova (151.5 tons)
- Bulgaria (142.0 tons)
- Poland (92.2 tons)
- Germany (85.7 tons)
- United Kingdom (42.4 tons)
- Italy (29.9 tons)
- Spain (15.1 tons)
- Serbia (12.2 tons)
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This report provides an in-depth analysis of the butter and ghee market in Romania.
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This report provides an in-depth analysis of the ghee market in Romania.
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This report provides an in-depth analysis of the butter market in Romania.
635
This report provides an in-depth analysis of the dairy produce market in Romania.
385
This report provides an in-depth analysis of the market for butter and dairy spreads in Romania.
563
This report provides an in-depth analysis of the dairy spread market in Romania.
2134
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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This report provides an in-depth analysis of the global dairy produce 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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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.
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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.
