Australia: Butter And Ghee Market Overview 2021

Butter And Ghee Market Size in Australia

In 2019, after three years of growth, there was significant decline in the Australian butter and ghee market, when its value decreased by -X% to $X. Overall, consumption, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2018, and then dropped in the following year.

Butter And Ghee Production in Australia

In value terms, butter and ghee production dropped rapidly to $X in 2019 estimated in export prices. In general, the total production indicated notable growth from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2018, and then reduced remarkably in the following year.

Butter And Ghee Exports

Exports from Australia

In 2019, overseas shipments of butter and ghee increased by X% to X tonnes, rising for the second year in a row after five years of decline. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, butter and ghee exports declined to $X in 2019. Overall, exports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tonnes), the U.S. (X tonnes) and China (X tonnes) were the main destinations of butter and ghee exports from Australia, with a combined X% share of total exports. Malaysia, Singapore, Hong Kong SAR, Taiwan (Chinese), Mexico, South Korea and Kazakhstan lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Kazakhstan, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butter and ghee exported from Australia were Thailand ($X), the U.S. ($X) and China ($X), with a combined X% share of total exports.

China recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average butter and ghee export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2018, and then contracted dramatically in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per tonne), while the average price for exports to Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Australia

For the fourth year in a row, Australia recorded growth in supplies from abroad of butter and ghee, which increased by X% to X tonnes in 2019. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2019 and are likely to continue growth in years to come.

In value terms, butter and ghee imports declined dramatically to $X in 2019. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2018, and then fell remarkably in the following year.

Imports by Country

In 2019, New Zealand (X tonnes) constituted the largest butter and ghee supplier to Australia, accounting for a X% share of total imports. Moreover, butter and ghee imports from New Zealand exceeded the figures recorded by the second-largest supplier, Ireland (X tonnes), more than tenfold. France (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from New Zealand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+X% per year) and France (+X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of butter and ghee to Australia, comprising X% of total imports. The second position in the ranking was occupied by Ireland ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2019, the average annual growth rate of value from New Zealand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+X% per year) and Denmark (+X% per year).

Import Prices by Country

In 2019, the average butter and ghee import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2018, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Denmark ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butter and ghee in the world?

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India (4.6M tonnes) remains the largest butter and ghee consuming country worldwide, accounting for 39% of total volume. Moreover, butter and ghee consumption in India exceeded the figures recorded by the second-largest consumer, the U.S. (991K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (853K tonnes), with a 7.3% share.

What are the largest producers of butter and ghee in the world?

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The country with the largest volume of butter and ghee production was India (4.6M tonnes), comprising approx. 39% of total volume. Moreover, butter and ghee production in India exceeded the figures recorded by the second-largest producer, the U.S. (967K tonnes), fivefold. Pakistan (852K tonnes) ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of butter and ghee to Australia?

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In value terms, New Zealand ($166M) constituted the largest supplier of butter and ghee to Australia, comprising 87% of total imports. The second position in the ranking was occupied by Ireland ($6.2M), with a 3.3% share of total imports. It was followed by Denmark, with a 2.5% share.

What are the leading importers of butter and ghee from Australia?

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In value terms, Thailand ($19M), the U.S. ($11M) and China ($9.7M) constituted the largest markets for butter and ghee exported from Australia worldwide, together accounting for 41% of total exports.

What is the average export price for butter and ghee in Australia?

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In 2019, the average butter and ghee export price amounted to $5,289 per tonne, reducing by -15.3% against the previous year.

What is the average import price for butter and ghee in Australia?

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In 2019, the average butter and ghee import price amounted to $4,930 per tonne, falling by -17.7% against the previous year.