Southern Asia: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Southern Asia

The South Asian butter and dairy spreads market declined significantly to $X in 2022, shrinking by X% against the previous year. In general, consumption continues to indicate a deep setback. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Butter And Dairy Spreads in Southern Asia

In value terms, butter and dairy spreads production rose to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The country with the largest volume of butter and dairy spreads production was India (X tons), accounting for X% of total volume.

In India, butter and dairy spreads production increased at an average annual rate of X% over the period from 2012-2022.

Exports of Butter And Dairy Spreads

Exports in Southern Asia

Butter and dairy spreads exports soared to X tons in 2022, increasing by X% against the previous year. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, butter and dairy spreads exports soared to $X in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the butter and dairy spreads exports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest butter and dairy spreads supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price showed slight growth. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Butter And Dairy Spreads

Imports in Southern Asia

In 2022, approx. X tons of butter and dairy spreads were imported in Southern Asia; which is down by X% against the year before. Total imports indicated modest growth from 2012 to 2022: its volume 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, imports decreased by X% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, butter and dairy spreads imports dropped to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Bangladesh (X tons) and Maldives (X tons) were the main importers of butter and dairy spreads in 2022, reaching approx. X% and X% of total imports, respectively. Sri Lanka (X tons) ranks next in terms of the total imports with a X% share, followed by Pakistan (X%), India (X%) and Afghanistan (X%). Nepal (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 key importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X) constitutes the largest market for imported butter and dairy spreads in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Maldives amounted to X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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