MERCOSUR: Butter Market 2024

Butter Market Size in MERCOSUR

The MERCOSUR butter market dropped slightly to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Butter Production in MERCOSUR

In value terms, butter production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Butter Exports

Exports in MERCOSUR

In 2022, overseas shipments of butter increased by X% to X tons, rising for the fifth year in a row after five years of decline. Over the period under review, exports, however, showed a perceptible setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, butter exports soared to $X in 2022. In general, exports showed a relatively flat trend pattern. 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 making up X% of total exports. Paraguay (X tons) and Brazil (X tons) followed a long way behind the leaders.

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, the largest butter supplying countries in MERCOSUR were Uruguay ($X), Argentina ($X) and Paraguay ($X), together accounting for X% of total exports.

Among the main exporting countries, Paraguay, with a CAGR of X%, saw the highest growth rate of 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, jumping by X% against the previous year. Export price indicated a temperate 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 export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain 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.

Butter Imports

Imports in MERCOSUR

Butter imports declined remarkably to X tons in 2022, shrinking by X% on the previous year. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, butter imports dropped to $X in 2022. Over the period under review, imports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Chile (X tons) and Brazil (X tons) represented roughly X% of total imports in 2022. Uruguay (X tons) held the next position in the ranking, distantly followed by Peru (X tons). All these countries together held approx. X% share of total imports. Venezuela (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases 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.

Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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, picking up by 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 was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat 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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