MERCOSUR: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in MERCOSUR

The MERCOSUR butter and dairy spreads market fell markedly to $X in 2022, which is down by X% against the previous year. In general, consumption, however, posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Butter And Dairy Spreads in MERCOSUR

In value terms, butter and dairy spreads production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Uruguay (X tons), Argentina (X tons) and Paraguay (X tons), with a combined X% share of total production.

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

Exports of Butter And Dairy Spreads

Exports in MERCOSUR

In 2022, overseas shipments of butter and dairy spreads increased by X% to X tons, rising for the fifth year in a row after five years of decline. In general, exports, however, saw a perceptible shrinkage. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, butter and dairy spreads exports soared to $X in 2022. Overall, exports saw a mild expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) and Uruguay (X tons) prevails in exports structure, together mixing up X% of total exports. The following exporters - Paraguay (X tons) and Brazil (X tons) - together made up X% of total exports.

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

In value terms, Uruguay ($X), Argentina ($X) and Paraguay ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Paraguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated measured 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 dairy spreads export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Uruguay ($X per ton) and Brazil ($X per ton), while Paraguay ($X per ton) and Argentina ($X per ton) were amongst the lowest.

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

Imports of Butter And Dairy Spreads

Imports in MERCOSUR

Butter and dairy spreads imports fell sharply to X tons in 2022, reducing by X% against the previous year. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, butter and dairy spreads imports contracted to $X in 2022. Overall, imports, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Chile (X tons) and Brazil (X tons) represented the major importers of butter and dairy spreads in MERCOSUR, together generating X% of total imports. It was distantly followed by Uruguay (X tons) and Peru (X tons), together making up a X% share of total imports. Venezuela (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Chile ($X), Brazil ($X) and Uruguay ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Chile, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Peru ($X per ton) and Chile ($X per ton), while Venezuela ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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