Kazakhstan: Butter And Ghee Market 2023

Butter And Ghee Market Size in Kazakhstan

The Kazakh butter and ghee market soared to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a deep slump. Butter and ghee consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Butter And Ghee Exports

Exports from Kazakhstan

In 2022, the amount of butter and ghee exported from Kazakhstan reduced rapidly to X tons, waning by X% against the year before. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, butter and ghee exports soared to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Russia (X tons) was the main destination for butter and ghee exports from Kazakhstan, with a X% share of total exports. It was followed by Kyrgyzstan (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%.

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

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%.

Export Prices by Country

In 2022, the average butter and ghee export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated a noticeable expansion 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. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%).

Butter And Ghee Imports

Imports into Kazakhstan

In 2022, the amount of butter and ghee imported into Kazakhstan soared to X tons, growing by X% on 2021. In general, imports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, butter and ghee imports soared to $X in 2022. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons), Belarus (X tons) and Kyrgyzstan (X tons) were the main suppliers of butter and ghee imports to Kazakhstan, together accounting for X% of total imports. France, Iran and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of X.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Belarus ($X), Russia ($X) and France ($X) constituted the largest butter and ghee suppliers to Kazakhstan, together comprising X% of total imports. Kyrgyzstan, Ukraine and Iran lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Iran, with a CAGR of X.1%, 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

In 2022, the average butter and ghee import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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