Europe: Butter And Ghee Market 2024

Butter And Ghee Market Size in Europe

In 2022, the Europe butter and ghee market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Butter And Ghee Production in Europe

In value terms, butter and ghee production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Butter And Ghee Exports

Exports in Europe

In 2022, overseas shipments of butter and ghee decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, butter and ghee exports skyrocketed to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons) and Ireland (X tons) represented the main exporters of butter and ghee in 2022, reaching approx. X% and X% of total exports, respectively. It was distantly followed by Belgium (X tons), Germany (X tons), France (X tons), Belarus (X tons), Poland (X tons) and Denmark (X tons), together creating a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Ireland ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Germany, France, Belarus, Poland and Denmark lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, surging by X% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and ghee export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in France ($X per ton) and Belgium ($X per ton), while Belarus ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Butter And Ghee Imports

Imports in Europe

In 2022, overseas purchases of butter and ghee decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, butter and ghee imports skyrocketed to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

France (X tons), Germany (X tons), the Netherlands (X tons) and Belgium (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Italy (X tons) and the UK (X tons), together constituting an X% share of total imports. Poland (X tons), Russia (X tons), Spain (X tons), Denmark (X tons), the Czech Republic (X tons), Austria (X tons) and Romania (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest butter and ghee importing markets in Europe were France ($X), Germany ($X) and the Netherlands ($X), together comprising X% of total imports. Belgium, Italy, the UK, Spain, Denmark, Poland, the Czech Republic, Russia, Austria and Romania lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and ghee import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Italy ($X per ton) and Austria ($X per ton), while Russia ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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