Portugal: Butter And Ghee Market Overview 2021

Butter And Ghee Market Size in Portugal

After three years of growth, the Portuguese butter and ghee market decreased by -X% to $X in 2019. In general, the total consumption indicated a pronounced increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2018, and then reduced in the following year.

Butter And Ghee Production in Portugal

In value terms, butter and ghee production shrank markedly to $X in 2019 estimated in export prices. Overall, the total production indicated a slight expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Butter and ghee production peaked at $X in 2018, and then contracted markedly in the following year.

Butter And Ghee Exports

Exports from Portugal

For the fourth year in a row, Portugal recorded decline in shipments abroad of butter and ghee, which decreased by -X% to X tonnes in 2019. Overall, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2011 to 2019, the growth exports remained at a lower figure.

In value terms, butter and ghee exports fell dramatically to $X in 2019. In general, exports saw a mild shrinkage. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2011 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes), France (X tonnes) and Spain (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 Belgium, Angola, Iran and Morocco, which together accounted for a further X 2007 to 2019, the biggest increases were in Iran, while shipments for 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), with a combined X% share of total exports. These countries were followed by Belgium, Angola, Iran and Morocco, which together accounted for a further X the main countries of destination, Iran 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 average butter and ghee export price stood at $X per tonne in 2019, dropping by -X% against the previous year. Overall, export price indicated a slight expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2018, and then declined notably in the following year.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Angola ($X per tonne), while the average price for exports to Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Iran, while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Portugal

After three years of growth, supplies from abroad of butter and ghee decreased by -X% to X tonnes in 2019. Overall, imports saw a slight downturn. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2010 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, butter and ghee imports declined dramatically to $X in 2019. In general, imports recorded a pronounced slump. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2009; however, from 2010 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tonnes), Belgium (X tonnes) and Germany (X tonnes) were the main suppliers of butter and ghee imports to Portugal, with a combined X% share of total imports. France and the Netherlands lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in the Netherlands, while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest butter and ghee suppliers to Portugal were Belgium ($X), Spain ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, Germany saw the highest rates of growth with regard to 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 2019, the average butter and ghee import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price showed a mild descent. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; 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 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butter and ghee in the world?

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The country with the largest volume of butter and ghee consumption was India (4.6M tonnes), accounting for 39% of total volume. Moreover, butter and ghee consumption in India exceeded the figures recorded by the second-largest consumer, the U.S. (991K tonnes), fivefold. Pakistan (853K tonnes) ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of butter and ghee in the world?

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India (4.6M tonnes) remains the largest butter and ghee producing country worldwide, comprising approx. 39% of total volume. Moreover, butter and ghee production in India exceeded the figures recorded by the second-largest producer, the U.S. (967K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (852K tonnes), with a 7.2% share.

What are the leading suppliers of butter and ghee to Portugal?

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In value terms, the largest butter and ghee suppliers to Portugal were Belgium ($10M), Spain ($6.8M) and Germany ($4.9M), together comprising 75% of total imports.

What are the leading importers of butter and ghee from Portugal?

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In value terms, the Netherlands ($20M), Spain ($11M) and France ($11M) constituted the largest markets for butter and ghee exported from Portugal worldwide, together comprising 74% of total exports. These countries were followed by Belgium, Angola, Iran and Morocco, which together accounted for a further 19%.

What is the average export price for butter and ghee in Portugal?

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The average butter and ghee export price stood at $4,393 per tonne in 2019, shrinking by -23.3% against the previous year.

What is the average import price for butter and ghee in Portugal?

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The average butter and ghee import price stood at $4,002 per tonne in 2019, dropping by -6.3% against the previous year.