
World - Dairy Spreads - Market Analysis, Forecast, Size, Trends and Insights
Global Dairy Spread Market 2023
Dairy Spread Market Size
The global dairy spread market was estimated at $X in 2021, picking up by 4.3% against the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.
Dairy Spread Production
In value terms, dairy spread production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 23% against the previous year. Over the period under review, global production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.
Dairy Spread Exports
Exports
For the third consecutive year, the global market recorded decline in overseas shipments of dairy spreads, which decreased by -2.6% to X tons in 2021. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when exports increased by 4.9% against the previous year. Over the period under review, the global exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
In value terms, dairy spread exports rose modestly to $X in 2021. Overall, exports showed a noticeable reduction. The pace of growth was the most pronounced in 2017 when exports increased by 25%. The global exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
Exports by Country
In 2021, Belarus (X tons), Belgium (X tons), New Zealand (X tons), Saudi Arabia (X tons), Australia (X tons), Ireland (X tons), France (X tons), Germany (X tons), Ukraine (X tons), the Netherlands (X tons), Russia (X tons) and Greece (X tons) represented the key exporter of dairy spreads in the world, making up 86% of total export.
From 2012 to 2021, the biggest increases were in Greece (with a CAGR of +70.7%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest dairy spread supplying countries worldwide were Belarus ($X), Belgium ($X) and New Zealand ($X), together accounting for 42% of global exports. Ireland, Saudi Arabia, Australia, Germany, France, the Netherlands, Ukraine, Greece and Russia lagged somewhat behind, together accounting for a further 46%.
Greece, with a CAGR of +75.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average dairy spread export price amounted to $X per ton, picking up by 6.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25%. The global export price peaked in 2021 and is likely to see steady growth in years to come.
Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+5.2%), while the other global leaders experienced more modest paces of growth.
Dairy Spread Imports
Imports
In 2021, overseas purchases of dairy spreads increased by 3.9% to X tons, rising for the third year in a row after four years of decline. Overall, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. Global imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.
In value terms, dairy spread imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, global imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.
Imports by Country
The countries with the highest levels of dairy spread imports in 2021 were Saudi Arabia (X tons), South Korea (X tons), Russia (X tons) and Oman (X tons), together amounting to 38% of total import. It was followed by Germany (X tons), comprising a 5.3% share of total imports. Portugal (X tons), Slovakia (X tons), Spain (X tons), the United Arab Emirates (X tons), Kazakhstan (X tons), Qatar (X tons), the UK (X tons) and Romania (X tons) took a minor share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Oman (with a CAGR of +64.9%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest dairy spread importing markets worldwide were Saudi Arabia ($X), Russia ($X) and South Korea ($X), together comprising 33% of global imports. These countries were followed by Oman, Germany, Spain, the UK, Portugal, Qatar, the United Arab Emirates, Slovakia, Romania and Kazakhstan, which together accounted for a further 39%.
Oman, with a CAGR of +66.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices by Country
The average dairy spread import price stood at $X per ton in 2021, rising by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the UK ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.5%), while the other global leaders experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the global dairy spread market. 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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