Australia and Oceania: Butter And Ghee Market 2024

Butter And Ghee Market Size in Australia and Oceania

In 2022, after two years of growth, there was significant decline in the butter and ghee market in Australia and Oceania, when its value decreased by X% to $X. In general, consumption, however, showed a buoyant expansion. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Butter And Ghee Production in Australia and Oceania

In value terms, butter and ghee production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Butter And Ghee Exports

Exports in Australia and Oceania

In 2022, shipments abroad of butter and ghee was finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a slight shrinkage. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, butter and ghee exports skyrocketed to $X in 2022. Total exports indicated noticeable growth 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

New Zealand prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. Australia (X tons) took a relatively small share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of butter and ghee. Australia (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) remains the largest butter and ghee supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand amounted to X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price 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, butter and ghee export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Butter And Ghee Imports

Imports in Australia and Oceania

In 2022, butter and ghee imports in Australia and Oceania was estimated at X tons, growing by X% against 2021 figures. Total imports indicated a perceptible expansion from 2012 to 2022: its volume 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, butter and ghee imports soared to $X in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Australia dominates imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Fiji (X tons), mixing up a X% share of total imports. French Polynesia (X tons), Papua New Guinea (X tons), New Caledonia (X tons) and New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to butter and ghee imports into Australia stood at X%. At the same time, New Zealand (X%), Papua New Guinea (X%), New Caledonia (X%) and Fiji (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. French Polynesia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Australia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported butter and ghee in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Fiji ($X), with a X% share of total imports. It was followed by French Polynesia, with a X% share.

In Australia, butter and ghee imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Fiji (X% per year) and French Polynesia (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price 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, butter and ghee import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was French Polynesia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :