Asia: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Asia

The Asian butter and dairy spreads market soared to $X in 2022, surging by X% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Production of Butter And Dairy Spreads in Asia

In value terms, butter and dairy spreads production surged to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

The countries with the highest volumes of production in 2022 were India (X tons), Turkey (X tons) and Kyrgyzstan (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Turkey (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Exports of Butter And Dairy Spreads

Exports in Asia

In 2022, the amount of butter and dairy spreads exported in Asia soared to X tons, growing by X% on the year before. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, butter and dairy spreads exports soared to $X in 2022. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, India (X tons) and Turkey (X tons) were the largest exporters of butter and dairy spreads in Asia, together recording approx. X% of total exports. Saudi Arabia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Kyrgyzstan (X%), the United Arab Emirates (X%) and Kazakhstan (X%). Armenia (X tons), Iran (X tons), China (X tons), Azerbaijan (X tons), Singapore (X tons) and Malaysia (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Armenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest butter and dairy spreads supplying countries in Asia were India ($X), Turkey ($X) and Saudi Arabia ($X), together accounting for X% of total exports. Kazakhstan, Kyrgyzstan, Armenia, the United Arab Emirates, Azerbaijan, Singapore, Iran, Malaysia and China lagged somewhat behind, together accounting for a further X%.

Armenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports in Asia

In 2022, imports of butter and dairy spreads in Asia rose rapidly to X tons, surging by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, butter and dairy spreads imports soared to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) represented the key importer of butter and dairy spreads, achieving X% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%), the United Arab Emirates (X%), Bahrain (X%), Taiwan (Chinese) (X%) and Indonesia (X%). Azerbaijan (X tons), Singapore (X tons), Hong Kong SAR (X tons), Malaysia (X tons), Kuwait (X tons) and Japan (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to butter and dairy spreads imports into China stood at X%. At the same time, Bahrain (X%), South Korea (X%), Azerbaijan (X%), Indonesia (X%), the United Arab Emirates (X%), Kuwait (X%), Malaysia (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), South Korea (X p.p.), Bahrain (X p.p.), the United Arab Emirates (X p.p.), Kuwait (X p.p.), Azerbaijan (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported butter and dairy spreads in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In China, butter and dairy spreads imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :