Sweden: Butter And Ghee Market Overview 2021

Butter And Ghee Market Size in Sweden

After two years of growth, the Swedish butter and ghee market decreased by -X% to $X in 2019. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Butter and ghee consumption peaked at $X in 2018, and then declined dramatically in the following year.

Butter And Ghee Production in Sweden

In value terms, butter and ghee production plummeted to $X in 2019 estimated in export prices. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2018, and then shrank markedly in the following year.

Butter And Ghee Exports

Exports from Sweden

After three years of growth, shipments abroad of butter and ghee decreased by -X% to X tonnes in 2019. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, butter and ghee exports contracted sharply to $X in 2019. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tonnes) was the main destination for butter and ghee exports from Sweden, accounting for a X% share of total exports. Moreover, butter and ghee exports to Denmark exceeded the volume sent to the second major destination, Finland (X tonnes), tenfold. The third position in this ranking was occupied by Romania (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Denmark stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Romania (+X% per year).

In value terms, Denmark ($X) remains the key foreign market for butter and ghee exports from Sweden, comprising X% of total exports. The second position in the ranking was occupied by Finland ($X), with a X% share of total exports. It was followed by Greece, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Denmark stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Greece (+X% per year).

Export Prices by Country

In 2019, the average butter and ghee export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, export price indicated a mild 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. Based on 2019 figures, butter and ghee export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Poland ($X per tonne), while the average price for exports to Finland ($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 Poland, while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Sweden

In 2019, approx. X tonnes of butter and ghee were imported into Sweden; shrinking by -X% compared with the previous year. In general, total imports indicated a remarkable increase 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 2014 indices. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2018, and then contracted in the following year.

In value terms, butter and ghee imports reduced dramatically to $X in 2019. Overall, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2018, and then reduced rapidly in the following year.

Imports by Country

Finland (X tonnes), Denmark (X tonnes) and the Netherlands (X tonnes) were the main suppliers of butter and ghee imports to Sweden, together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Denmark ($X) and the Netherlands ($X) constituted the largest butter and ghee suppliers to Sweden, together accounting for X% of total imports.

Finland saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average butter and ghee import price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, import price indicated tangible growth 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 growth pace was the most rapid in 2017 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from the Netherlands ($X per tonne) and Germany ($X per tonne), while the price for Denmark ($X per tonne) and Finland ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced mixed trend patterns.

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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The country with the largest volume of butter and ghee production was India (4.6M tonnes), 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. 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 Sweden?

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In value terms, the largest butter and ghee suppliers to Sweden were Finland ($35M), Denmark ($18M) and the Netherlands ($16M), with a combined 95% share of total imports.

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

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In value terms, Denmark ($8.6M) remains the key foreign market for butter and ghee exports from Sweden, comprising 76% of total exports. The second position in the ranking was occupied by Finland ($872K), with a 7.7% share of total exports. It was followed by Greece, with a 5.7% share.

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

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In 2019, the average butter and ghee export price amounted to $4,581 per tonne, falling by -21.1% against the previous year.

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

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The average butter and ghee import price stood at $4,853 per tonne in 2019, with a decrease of -14.8% against the previous year.