China: Butter Market Overview 2021

Butter Market Size in China

In 2019, the Chinese butter market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, the total consumption indicated a remarkable increase 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. Based on 2019 figures, consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Butter consumption peaked in 2019 and is expected to retain growth in years to come.

Butter Production in China

In value terms, butter production shrank modestly to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a tangible increase 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. Based on 2019 figures, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2018 to 2019, production growth failed to regain the momentum.

Butter Exports

Exports from China

After two years of growth, overseas shipments of butter decreased by -X% to X kg in 2019. Overall, exports saw a deep slump. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tonnes in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, butter exports fell remarkably to $X in 2019. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

Exports by Country

From 2007 to 2019, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to No country was relatively modest.

Butter Imports

Imports into China

For the ninth year in a row, China recorded growth in overseas purchases of butter, which increased by X% to X tonnes in 2019. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, butter imports amounted to $X in 2019. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are likely to continue growth in the immediate term.

Imports by Country

In 2019, Viet Nam (X tonnes) was the main supplier of butter to China, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Viet Nam amounted to +X%.

In value terms, Viet Nam ($X) constituted the largest supplier of butter to China.

From 2007 to 2019, the average annual growth rate of value from Viet Nam stood at +X%.

Import Prices by Country

In 2019, the average butter import price amounted to $X per tonne, remaining relatively unchanged against the previous year. In general, import price indicated strong growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, butter import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2018, and then was estimated in the following year.

As there is only one major supplying country, the average price level is determined by prices for Viet Nam.

From 2007 to 2019, the rate of growth in terms of prices for Viet Nam amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butter in the world?

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The countries with the highest volumes of butter consumption in 2019 were the U.S. (984K tonnes), France (520K tonnes) and Germany (446K tonnes), with a combined 35% share of global consumption. These countries were followed by Russia, Turkey, New Zealand, the UK, China, Iran, Poland, Australia, Brazil and Italy, which together accounted for a further 33%.

What are the largest producers of butter in the world?

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The countries with the highest volumes of butter production in 2019 were the U.S. (965K tonnes), New Zealand (514K tonnes) and Germany (438K tonnes), with a combined 34% share of global production. France, Ireland, Turkey, Russia, Poland, the UK, the Netherlands, Belarus, Iran and Ukraine lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of butter to China?

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In value terms, Viet Nam ($528M) constituted the largest supplier of butter to China.

What is the average import price for butter in China?

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The average butter import price stood at $6,022 per tonne in 2019, almost unchanged from the previous year.