Report Colombia - Butter and Ghee - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Colombia - Butter and Ghee - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Butter And Ghee Market 2022

Butter And Ghee Market Size in Colombia

The Colombian butter and ghee market expanded slightly to $X in 2021, rising by 2.3% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Butter And Ghee Production in Colombia

In value terms, butter and ghee production expanded remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 43% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Butter And Ghee Exports

Exports from Colombia

In 2021, the amount of butter and ghee exported from Colombia soared to X tons, growing by 61% against 2020 figures. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 326%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, butter and ghee exports soared to $X in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 250%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons) was the main destination for butter and ghee exports from Colombia, with a 74% share of total exports. Moreover, butter and ghee exports to Russia exceeded the volume sent to the second major destination, the United States (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +64.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.5% per year) and Venezuela (-26.0% per year).

In value terms, Russia ($X) remains the key foreign market for butter and ghee exports from Colombia, comprising 76% of total exports. The second position in the ranking was held by the United States ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +61.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.3% per year) and Venezuela (-32.9% per year).

Export Prices by Country

The average butter and ghee export price stood at $X per ton in 2021, which is down by -2.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 39%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.1%), while the prices for the other major destinations experienced a decline.

Butter And Ghee Imports

Imports into Colombia

In 2021, purchases abroad of butter and ghee increased by 6.8% to X tons, rising for the fifth year in a row after three years of decline. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 188%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, butter and ghee imports reached $X in 2021. In general, imports saw prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 174% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Brazil (X tons) and the United States (X tons) were the main suppliers of butter and ghee imports to Colombia.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +7,732.2%).

In value terms, Brazil ($X) constituted the largest supplier of butter and ghee to Colombia, comprising 31% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +10,293.2%.

Import Prices by Country

The average butter and ghee import price stood at $X per ton in 2021, which is down by -2.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2014 when the average import price increased by 6.9% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+72.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for butter and ghee in the world?
+
The country with the largest volume of butter and ghee consumption was India, comprising approx. 38% of total volume. Moreover, butter and ghee consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, fourfold. The third position in this ranking was held by the United States, with a 7.7% share.
What are the largest producers of butter and ghee in the world?
+
India remains the largest butter and ghee producing country worldwide, comprising approx. 38% of total volume. Moreover, butter and ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan, fourfold. The United States ranked third in terms of total production with a 7.6% share.
What are the leading suppliers of butter and ghee to Colombia?
+
In value terms, Brazil constituted the largest supplier of butter and ghee to Colombia, comprising 31% of total imports. The second position in the ranking was taken by the United States, with a 9.9% share of total imports.
What are the leading importers of butter and ghee from Colombia?
+
In value terms, Russia remains the key foreign market for butter and ghee exports from Colombia, comprising 76% of total exports. The second position in the ranking was taken by the United States, with a 23% share of total exports.
What is the average export price for butter and ghee in Colombia?
+
In 2021, the average butter and ghee export price amounted to $3,851 per ton, with a decrease of -2.9% against the previous year.
What is the average import price for butter and ghee in Colombia?
+
The average butter and ghee import price stood at $2,129 per ton in 2021, dropping by -2.1% against the previous year.

This report provides an in-depth analysis of the butter and ghee market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 983 - Butter and Ghee of Sheep Milk
• FCL 1022 - Butter of Goat Milk
• FCL 952 - Butter of Buffalo Milk
• FCL 886 - Butter of Cow Milk
• FCL 887 - Ghee from Cow Milk
• FCL 953 - Ghee, from Buffalo Milk
Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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