Price for Butter and Other Fats and Oils Derived from Milk in Sweden - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Sweden (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Sweden (FOB) - 2023
- Imports of Butter and Other Fats and Oils Derived from Milk in Sweden
- Exports of Butter and Other Fats and Oils Derived from Milk in Sweden
Price for Butter and Other Fats and Oils Derived from Milk in Sweden (CIF) - 2023
The average import price for butter and other fats and oils derived from milk stood at $6,137 per ton in November 2023, flattening at the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 an increase of 15% against the previous month. The import price peaked at $7,031 per ton in May 2023; however, from June 2023 to November 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From November 2022 to November 2023, the rate of growth in terms of prices for Germany amounted to +6.9% per month.
Price for Butter and Other Fats and Oils Derived from Milk in Sweden (FOB) - 2023
The average export price for butter and other fats and oils derived from milk stood at $4,774 per ton in November 2023, declining by -4.1% against the previous month. Over the period under review, the export price saw a mild decrease. The growth pace was the most rapid in April 2023 an increase of 13% m-o-m. The export price peaked at $5,956 per ton in December 2022; however, from January 2023 to November 2023, the export prices stood at a somewhat 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 Norway ($37,930 per ton), while the average price for exports to the UK ($7,917 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 Germany (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Butter and Other Fats and Oils Derived from Milk in Sweden
In 2022, purchases abroad of butter and other fats and oils derived from milk decreased by -10.4% to 15K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a mild descent. The most prominent rate of growth was recorded in 2020 when imports increased by 7.6%. As a result, imports attained the peak of 16K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of butter and other fats and oils derived from milk amounted to $82M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. 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 Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 34.9 | 36.8 | 31.9 | 32.4 | -2.4% |
| Netherlands | 16.3 | 15.0 | 17.0 | 21.3 | 9.3% |
| Denmark | 17.8 | 17.3 | 20.3 | 19.7 | 3.4% |
| Germany | 2.5 | 2.6 | 4.4 | 5.6 | 30.8% |
| Others | 1.0 | 0.6 | 2.6 | 3.4 | 50.4% |
| Total | 72.5 | 72.2 | 76.2 | 82.4 | 4.4% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Sweden in 2022:
- Finland (6.5K tons)
- Denmark (3.5K tons)
- Netherlands (2.5K tons)
- Germany (1.6K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Sweden
In 2022, after three years of growth, there was significant decline in shipments abroad of butter and other fats and oils derived from milk, when their volume decreased by -20.1% to 2.5K tons. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 12% against the previous year.
In value terms, exports of butter and other fats and oils derived from milk totaled $15M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Butter and Other Fats and Oils Derived from Milk in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 1.7 | 0.8 | 5.2 | 74.9% |
| Denmark | 7.4 | 7.6 | 9.5 | 3.3 | -23.6% |
| Germany | 0.2 | 0.1 | 1.3 | 2.7 | 138.1% |
| Belgium | N/A | 0.2 | 0.1 | 2.0 | 216.2% |
| Finland | 0.8 | 0.6 | 0.9 | 0.7 | -4.4% |
| Greece | 0.7 | 0.1 | 0.8 | 0.5 | -10.6% |
| Poland | 0.4 | 0.2 | 1.2 | 0.2 | -20.6% |
| Romania | 0.6 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.3 | 0.4 | 0.4 | -7.2% |
| Total | 10.6 | 10.7 | 14.9 | 15.1 | 12.5% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Sweden in 2022:
- Netherlands (842.9 tons)
- Denmark (545.1 tons)
- Germany (433.6 tons)
- Belgium (304.9 tons)
- Finland (177.8 tons)
- Greece (67.7 tons)
- Poland (20.9 tons)
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This report provides an in-depth analysis of the butter and ghee market in Sweden.
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This report provides an in-depth analysis of the ghee market in Sweden.
861
This report provides an in-depth analysis of the butter market in Sweden.
499
This report provides an in-depth analysis of the dairy produce market in Sweden.
470
This report provides an in-depth analysis of the market for butter and dairy spreads in Sweden.
551
This report provides an in-depth analysis of the dairy spread market in Sweden.
2192
This report provides an in-depth analysis of the global butter and ghee market.
2951
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.
8022
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.
1058
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2821
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.
1810
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
189
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.
963
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.
