Australia: Butter And Ghee Market Overview 2020

Butter And Ghee Market Size in Australia

The revenue of the butter and ghee market in Australia amounted to $X in 2018, growing by X% against the previous year. Overall, the total market indicated a resilient expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, butter and ghee consumption increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2017 when the market value increased by X% year-to-year. Butter and ghee consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Butter And Ghee Production in Australia

In value terms, butter and ghee production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated remarkable growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, butter and ghee production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when production volume increased by X% against the previous year. Over the period under review, butter and ghee production attained its maximum level in 2018 and is expected to retain its growth in the near future.

Butter And Ghee Exports

Exports from Australia

In 2018, approx. X tonnes of butter and ghee were exported from Australia; falling by -X% against the previous year. Over the period under review, butter and ghee exports continue to indicate an abrupt slump. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. In that year, butter and ghee exports attained their peak of X tonnes. From 2010 to 2018, the growth of butter and ghee exports remained at a somewhat lower figure.

In value terms, butter and ghee exports stood at $X in 2018. Overall, butter and ghee exports continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. In that year, butter and ghee exports attained their peak of $X. From 2011 to 2018, the growth of butter and ghee exports remained at a somewhat lower figure.

Exports by Country

Russia (X tonnes) was the main destination for butter and ghee exports from Australia, with a X% share of total exports. Moreover, butter and ghee exports to Russia exceeded the volume sent to the second major destination, Canada (X tonnes), threefold. The third position in this ranking was occupied by Malaysia (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Malaysia (-X% per year).

In value terms, Russia ($X) remains the key foreign market for butter and ghee exports from Australia, comprising X% of total butter and ghee exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Russia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Malaysia (-X% per year).

Export Prices by Country

In 2018, the average butter and ghee export price amounted to $X per tonne, going up by X% against the previous year. Over the period under review, the butter and ghee export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2010 an increase of X% year-to-year. The export price peaked in 2018 and is expected to retain its growth in the immediate term.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Australia

In 2018, the amount of butter and ghee imported into Australia totaled X tonnes, increasing by X% against the previous year. Overall, the total imports indicated a resilient expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, butter and ghee imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, butter and ghee imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, butter and ghee imports amounted to $X in 2018. Over the period under review, butter and ghee imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

In 2018, New Zealand (X tonnes) constituted the largest supplier of butter and ghee 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, Denmark (X tonnes), more than tenfold. India (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from New Zealand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and India (+X% per year).

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

From 2007 to 2018, 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: India (+X% per year) and Denmark (+X% per year).

Import Prices by Country

In 2018, the average butter and ghee import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the butter and ghee import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, the average import prices for butter and ghee reached their peak figure in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was India ($X per tonne), while the price for Denmark ($X per tonne) was amongst the lowest.

From 2007 to 2018, 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 AI Platform