Price for Butter and Other Fats and Oils Derived from Milk in Uruguay - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Uruguay (FOB) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Uruguay (CIF) - 2022
- Exports of Butter and Other Fats and Oils Derived from Milk in Uruguay
- Imports of Butter and Other Fats and Oils Derived from Milk in Uruguay
Price for Butter and Other Fats and Oils Derived from Milk in Uruguay (FOB) - 2022
In 2022, the average export price for butter and other fats and oils derived from milk amounted to $5,365 per ton, growing by 29% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 +63.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 54%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Brazil ($5,886 per ton) and Algeria ($5,762 per ton), while the average price for exports to Georgia ($4,869 per ton) and Russia ($5,107 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+7.9%), 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 Uruguay (CIF) - 2022
In 2022, the average import price for butter and other fats and oils derived from milk amounted to $4,993 per ton, jumping by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2017 an increase of 29% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($5,185 per ton), while the price for Brazil totaled $4,843 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.8%), 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 Uruguay
In 2022, overseas shipments of butter and other fats and oils derived from milk were finally on the rise to reach 17K tons after two years of decline. The total export volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached 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 surged to $93M in 2022. Over the period under review, exports posted buoyant growth. 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 Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 54.4 | 11.0 | 25.0 | 23.9 | -24.0% |
| Egypt | N/A | 5.5 | 2.1 | 13.1 | 54.3% |
| Bahrain | N/A | 3.7 | 2.3 | 12.6 | 84.5% |
| Brazil | 0.6 | 0.8 | 5.2 | 6.4 | 120.1% |
| Saudi Arabia | N/A | 1.4 | 0.7 | 5.2 | 92.7% |
| South Africa | 0.9 | 2.4 | 0.4 | 4.2 | 67.1% |
| Morocco | 1.1 | 6.1 | 2.2 | 4.2 | 56.3% |
| Georgia | 0.5 | 3.0 | 3.8 | 4.0 | 100.0% |
| China | 0.4 | 0.2 | 1.7 | 3.7 | 109.9% |
| Chile | N/A | 0.2 | 0.6 | 2.8 | 274.2% |
| Peru | 1.6 | 0.4 | 1.1 | 1.7 | 2.0% |
| Algeria | 0.3 | 1.2 | 1.3 | 1.5 | 71.0% |
| Turkey | N/A | 4.2 | 0.7 | 0.6 | -62.2% |
| Others | 4.7 | 4.1 | 2.0 | 8.8 | 23.3% |
| Total | 64.6 | 43.9 | 49.4 | 92.6 | 12.8% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Uruguay in 2022:
- Russia (4.7K tons)
- Bahrain (2.5K tons)
- Egypt (2.3K tons)
- Brazil (1.1K tons)
- Saudi Arabia (0.9K tons)
- Georgia (0.8K tons)
- South Africa (0.8K tons)
- Morocco (0.8K tons)
- China (0.7K tons)
- Chile (0.5K tons)
- Peru (0.3K tons)
- Algeria (0.3K tons)
- Turkey (0.1K tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Uruguay
In 2022, approx. 1.3K tons of butter and other fats and oils derived from milk were imported into Uruguay; growing by 95% compared with the previous year. In general, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of butter and other fats and oils derived from milk surged to $6.5M in 2022. Over the period under review, imports posted a buoyant increase. 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 Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1.7 | 0.5 | 0.9 | 3.6 | 28.4% |
| Argentina | 1.7 | 1.3 | 1.9 | 3.0 | 20.8% |
| Ireland | 0.7 | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 4.3 | 1.9 | 2.9 | 6.5 | 14.8% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Uruguay in 2022:
- Brazil (734.6 tons)
- Argentina (576.0 tons)
499
This report provides an in-depth analysis of the butter and ghee market in Uruguay.
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This report provides an in-depth analysis of the ghee market in Uruguay.
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This report provides an in-depth analysis of the butter market in Uruguay.
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This report provides an in-depth analysis of the dairy produce market in Uruguay.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Uruguay.
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This report provides an in-depth analysis of the dairy spread market in Uruguay.
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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.
1035
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
1587
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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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.
2017
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
