Portugal: Butter And Ghee Market Overview 2020

Butter And Ghee Market Size in Portugal

The revenue of the butter and ghee market in Portugal amounted to $X in 2018, jumping by X% against the previous year. In general, the total market indicated significant growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, butter and ghee consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. In that year, the butter and ghee market attained its peak level of $X. From 2012 to 2018, the growth of the butter and ghee market remained at a lower figure.

Butter And Ghee Production in Portugal

In value terms, butter and ghee production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated a notable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, butter and ghee production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when production volume increased by X% against the previous year. Butter and ghee production peaked in 2018 and is expected to retain its growth in the near future.

Butter And Ghee Exports

Exports from Portugal

Butter and ghee exports from Portugal stood at X tonnes in 2018, falling by -X% against the previous year. In general, butter and ghee exports continue to indicate a mild deduction. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. In that year, butter and ghee exports attained their peak of X tonnes. From 2011 to 2018, the growth of butter and ghee exports remained at a somewhat lower figure.

In value terms, butter and ghee exports amounted to $X in 2018. Overall, the total exports indicated slight growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, butter and ghee exports increased by +X% against 2016 indices. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. In that year, butter and ghee exports attained their peak of $X. From 2011 to 2018, the growth of butter and ghee exports remained at a lower figure.

Exports by Country

The Netherlands (X tonnes), Spain (X tonnes) and France (X tonnes) were the main destinations of butter and ghee exports from Portugal, with a combined X% share of total exports. These countries were followed by Morocco, Saudi Arabia, Angola and Belgium, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butter and ghee exported from Portugal were the Netherlands ($X), Spain ($X) and France ($X), together comprising X% of total exports. These countries were followed by Morocco, Saudi Arabia, Angola and Belgium, which together accounted for a further X the main countries of destination, Saudi Arabia (+X% per year) experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average butter and ghee export price amounted to $X per tonne, going up by X% against the previous year. In general, the export price indicated a significant expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, butter and ghee export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices for butter and ghee reached their peak figure in 2018 and is likely to continue its growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2018, the highest prices were recorded for prices to France ($X per tonne) and Morocco ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Portugal

In 2018, the butter and ghee imports into Portugal totaled X tonnes, shrinking by -X% against the previous year. Overall, butter and ghee imports continue to indicate a slight descent. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. In that year, butter and ghee imports attained their peak of X tonnes. From 2010 to 2018, the growth of butter and ghee imports remained at a somewhat lower figure.

In value terms, butter and ghee imports totaled $X in 2018. In general, butter and ghee imports continue to indicate a measured downturn. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, butter and ghee imports reached their peak figure at $X in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

Imports by Country

Spain (X tonnes), Belgium (X tonnes) and France (X tonnes) were the main suppliers of butter and ghee imports to Portugal, with a combined X% share of total imports. These countries were followed by Germany, the Netherlands and Morocco, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest butter and ghee suppliers to Portugal were Belgium ($X), Spain ($X) and France ($X), together accounting for X% of total imports. Germany, the Netherlands and Morocco lagged somewhat behind, together comprising a further X Netherlands experienced the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average butter and ghee import price amounted to $X per tonne, surging by X% against the previous year. In general, the butter and ghee import price, however, continues to indicate a slight setback. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average import prices for butter and ghee attained their peak figure at $X per tonne in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the Netherlands ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Morocco, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform