Belgium: Butter And Ghee Market Overview 2021

Butter And Ghee Market Size in Belgium

The Belgian butter and ghee market amounted to $X in 2019, rising by X% against the previous year. Overall, consumption, however, saw a abrupt downturn. The growth pace was the most rapid in 2017 when the market value increased by X% year-to-year. Butter and ghee consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Butter And Ghee Production in Belgium

In value terms, butter and ghee production declined dramatically to $X in 2019 estimated in export prices. In general, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Butter And Ghee Exports

Exports from Belgium

In 2019, the amount of butter and ghee exported from Belgium reduced to X tonnes, with a decrease of -X% on the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2017 to 2019, the growth exports remained at a lower figure.

In value terms, butter and ghee exports shrank significantly to $X in 2019. In general, total exports indicated slight growth from 2007 to 2019: its value increased 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 growth pace was the most rapid in 2017 with an increase of X% against the previous year. Exports peaked at $X in 2018, and then fell sharply in the following year.

Exports by Country

France (X tonnes) was the main destination for butter and ghee exports from Belgium, with a X% share of total exports. Moreover, butter and ghee exports to France exceeded the volume sent to the second major destination, the Netherlands (X tonnes), twofold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Germany (-X% per year).

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

From 2007 to 2019, the average annual growth rate of value to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Germany (-X% per year).

Export Prices by Country

The average butter and ghee export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Overall, export price indicated modest growth from 2007 to 2019: its price increased 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 growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2018, and then fell significantly in the following year.

Average prices varied somewhat for the major external markets. In 2019, the countries with the highest prices were China ($X per tonne) and Indonesia ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) and France ($X per tonne) were amongst the lowest.

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

Butter And Ghee Imports

Imports into Belgium

In 2019, approx. X tonnes of butter and ghee were imported into Belgium; waning by -X% compared with 2018. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, butter and ghee imports contracted rapidly to $X in 2019. Overall, total imports indicated a measured expansion from 2007 to 2019: its value increased 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 most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2018, and then reduced dramatically in the following year.

Imports by Country

The Netherlands (X tonnes), the UK (X tonnes) and France (X tonnes) were the main suppliers of butter and ghee imports to Belgium, together comprising X% of total imports. Ireland, Germany, Spain and New Zealand lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butter and ghee suppliers to Belgium were the Netherlands ($X), the UK ($X) and France ($X), together accounting for X% of total imports. Ireland, Germany, Spain and New Zealand lagged somewhat behind, together accounting for a further X the main suppliers, New Zealand (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average butter and ghee import price stood at $X per tonne in 2019, waning by -X% against the previous year. In general, import price indicated a modest expansion from 2007 to 2019: its price increased 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 growth pace was the most rapid in 2017 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2018, and then dropped dramatically in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Germany ($X per tonne) and Ireland ($X per tonne), while the price for Spain ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.

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

Source: IndexBox AI 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, comprising approx. 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. Pakistan (853K tonnes) ranked third in terms of total consumption 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 Belgium?

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In value terms, the largest butter and ghee suppliers to Belgium were the Netherlands ($236M), the UK ($127M) and France ($89M), together accounting for 71% of total imports. Ireland, Germany, Spain and New Zealand lagged somewhat behind, together accounting for a further 25%.

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

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In value terms, France ($279M) remains the key foreign market for butter and ghee exports from Belgium, comprising 39% of total exports. The second position in the ranking was occupied by the Netherlands ($111M), with a 16% share of total exports. It was followed by Germany, with a 12% share.

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

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In 2019, the average butter and ghee export price amounted to $5,177 per tonne, dropping by -19.9% against the previous year.

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

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The average butter and ghee import price stood at $4,871 per tonne in 2019, which is down by -22% against the previous year.