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United Kingdom - Butter - Market Analysis, Forecast, Size, Trends and Insights
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United Kingdom: Butter Market Overview 2020

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Butter Market Size in the UK

The UK butter market fell to $X in 2019, shrinking by -X% against the previous year. 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 throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2018 to 2019, the growth of the market failed to regain the momentum.

Butter Production in the UK

In value terms, butter production declined to $X in 2019 estimated in export prices. In general, the total production indicated a notable expansion from 2007 to 2019: its value 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. Based on 2019 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, production reached the maximum level at $X in 2018, and then declined in the following year.

Butter Exports

Exports from the UK

Butter exports from the UK expanded significantly to X tonnes in 2019, surging by X% on the previous year's figure. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

In value terms, butter exports shrank modestly to $X in 2019. Over the period under review, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2018, and then contracted in the following year.

Exports by Country

Belgium (X tonnes) was the main destination for butter exports from the UK, accounting for a X% share of total exports. Moreover, butter exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tonnes), threefold. Ireland (X tonnes) ranked third in terms of total exports with a X% share.

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

In value terms, Belgium ($X) remains the key foreign market for butter exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Belgium totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Ireland (+X% per year).

Export Prices by Country

The average butter export price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the period under review, export price indicated a noticeable 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 most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2018, and then fell in the following year.

Average prices varied somewhat for the major export markets. In 2019, the countries with the highest prices were the Netherlands ($X per tonne) and Germany ($X per tonne), while the average price for exports to Ireland ($X per tonne) and Poland ($X per tonne) were amongst the lowest.

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

Butter Imports

Imports into the UK

In 2019, purchases abroad of butter decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Overall, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, butter imports dropped remarkably to $X in 2019. In general, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Ireland (X tonnes) constituted the largest supplier of butter to the UK, accounting for a X% share of total imports. Moreover, butter imports from Ireland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), fivefold. France (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Ireland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and France (-X% per year).

In value terms, Ireland ($X) constituted the largest supplier of butter to the UK, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Ireland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Denmark (-X% per year).

Import Prices by Country

The average butter import price stood at $X per tonne in 2019, which is down by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, 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 in the world?
+
The countries with the highest volumes of butter consumption in 2019 were the U.S. (979K tonnes), France (520K tonnes) and Germany (446K tonnes), together comprising 35% of global consumption. These countries were followed by Russia, Turkey, New Zealand, the UK, China, Iran, Australia, Poland and Brazil, which together accounted for a further 31%.
What are the largest producers of butter in the world?
+
The countries with the highest volumes of butter production in 2019 were the U.S. (965K tonnes), New Zealand (514K tonnes) and Germany (438K tonnes), together comprising 34% of global production. France, Ireland, Turkey, Russia, Poland, the UK, the Netherlands, Belarus and Iran lagged somewhat behind, together comprising a further 33%.
What are the leading suppliers of butter to the UK?
+
In value terms, Ireland ($185M) constituted the largest supplier of butter to the UK, comprising 58% of total imports. The second position in the ranking was occupied by the Netherlands ($45M), with a 14% share of total imports. It was followed by Denmark, with a 10% share.
What are the leading importers of butter from the UK?
+
In value terms, Belgium ($88M) remains the key foreign market for butter exports from the UK, comprising 43% of total exports. The second position in the ranking was occupied by the Netherlands ($33M), with a 16% share of total exports. It was followed by Ireland, with a 12% share.
What is the average export price for butter in the UK?
+
The average butter export price stood at $4,733 per tonne in 2019, which is down by -11% against the previous year.
What is the average import price for butter in the UK?
+
The average butter import price stood at $4,714 per tonne in 2019, dropping by -19.4% against the previous year.

Product coverage:
• FCL 886 - Butter of Cow Milk

This report provides an in-depth analysis of the butter market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• United Kingdom

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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