Spain: Butter And Ghee Market Overview 2021

Butter And Ghee Market Size in Spain

In 2019, after two years of growth, there was significant decline in the Spanish butter and ghee market, when its value decreased by -X% to $X. In general, the total consumption indicated a buoyant 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. Based on 2019 figures, consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.

Butter And Ghee Production in Spain

In value terms, butter and ghee production declined rapidly to $X in 2019 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Butter and ghee production peaked at $X in 2011; however, from 2012 to 2019, production remained at a lower figure.

Butter And Ghee Exports

Exports from Spain

In 2019, after two years of decline, there was significant growth in shipments abroad of butter and ghee, when their volume increased by X% to X tonnes. In general, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, butter and ghee exports declined significantly to $X in 2019. Overall, exports, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

France (X tonnes), Italy (X tonnes) and the Netherlands (X tonnes) were the main destinations of butter and ghee exports from Spain, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Italy, while shipments for the other leaders experienced a decline.

In value terms, France ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest markets for butter and ghee exported from Spain worldwide, with a combined X% share of total exports.

Italy recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2019, the average butter and ghee export price amounted to $X per tonne, dropping by -X% against the previous year. In general, export price indicated mild growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2018, and then dropped dramatically 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 Algeria ($X per tonne), while the average price for exports to Portugal ($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 Algeria, while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Spain

In 2019, approx. X tonnes of butter and ghee were imported into Spain; increasing by X% compared with 2018. In general, total imports indicated a perceptible expansion from 2007 to 2019: its volume 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. Based on 2019 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2019 and are likely to see steady growth in years to come.

In value terms, butter and ghee imports expanded slightly to $X in 2019. Over the period under review, total imports indicated a moderate 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. Based on 2019 figures, imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to see steady growth in the near future.

Imports by Country

Belgium (X tonnes), the Netherlands (X tonnes) and Germany (X tonnes) were the main suppliers of butter and ghee imports to Spain, together comprising X% of total imports. France, Ireland, Portugal and Denmark lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Denmark, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and France ($X) appeared to be the largest butter and ghee suppliers to Spain, with a combined X% share of total imports. These countries were followed by Germany, Ireland, Portugal and Denmark, which together accounted for a further X terms of the main suppliers, Denmark saw the highest growth rate of 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, falling by -X% against the previous year. In general, the import price, however, continues to indicate mild growth. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2018, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Denmark ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Portugal, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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India (4.6M tonnes) remains the largest butter and ghee consuming country worldwide, 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) constituted the country with the largest volume of butter and ghee production, accounting for 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. Pakistan (852K tonnes) ranked third in terms of total production with a 7.2% share.

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

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In value terms, the largest butter and ghee suppliers to Spain were Belgium ($26M), the Netherlands ($24M) and France ($21M), with a combined 53% share of total imports. These countries were followed by Germany, Ireland, Portugal and Denmark, which together accounted for a further 38%.

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

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In value terms, the largest markets for butter and ghee exported from Spain were France ($33M), Italy ($32M) and the Netherlands ($9.7M), together accounting for 75% of total exports.

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

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The average butter and ghee export price stood at $4,654 per tonne in 2019, falling by -22.6% against the previous year.

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

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The average butter and ghee import price stood at $4,992 per tonne in 2019, with a decrease of -14.3% against the previous year.