Global Dairy Spread Market Overview 2021

Dairy Spread Market Size

In 2020, the global dairy spread market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Global consumption peaked at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Dairy Spread Production

In value terms, dairy spread production rose modestly to $X in 2020 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. Global production peaked at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

Production By Country

China (X tonnes) constituted the country with the largest volume of dairy spread production, accounting for X% of total volume. Moreover, dairy spread production in China exceeded the figures recorded by the second-largest producer, the U.S. (X tonnes), twofold. India (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China totaled +X%. In the other countries, the average annual rates were as follows: the U.S. (-X% per year) and India (+X% per year).

Dairy Spread Exports

Exports

In 2020, overseas shipments of dairy spreads decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Overall, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2013 to 2020, the growth of global exports failed to regain the momentum.

In value terms, dairy spread exports reduced to $X in 2020. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Global exports peaked at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Belarus (X tonnes) and Belgium (X tonnes) were the major exporters of dairy spreadsin the world, together achieving X% of total exports. Ireland (X tonnes) occupied the next position in the ranking, followed by Saudi Arabia (X tonnes), Germany (X tonnes), France (X tonnes) and New Zealand (X tonnes). All these countries together held near X% share of total exports. Ukraine (X tonnes), the Netherlands (X tonnes), Greece (X tonnes), Russia (X tonnes), the UK (X tonnes) and Serbia (X tonnes) took a little share of total exports.

From 2007 to 2020, the biggest increases were in Greece, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Belgium ($X) and Ireland ($X) appeared to be the countries with the highest levels of exports in 2020, together accounting for X% of global exports. Germany, Saudi Arabia, France, New Zealand, Ukraine, the Netherlands, Greece, the UK, Serbia and Russia lagged somewhat behind, together accounting for a further X saw the highest growth rate of 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 2020, the average dairy spread export price amounted to $X per tonne, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Global export price peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belarus, while the other global leaders experienced more modest paces of growth.

Dairy Spread Imports

Imports

In 2020, the amount of dairy spreads imported worldwide contracted slightly to X tonnes, waning by -X% on the previous year. In general, imports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Global imports peaked at X tonnes in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, dairy spread imports contracted modestly to $X in 2020. Over the period under review, imports recorded mild growth. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, global imports attained the peak figure at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Russia (X tonnes), the UK (X tonnes), South Korea (X tonnes), Spain (X tonnes), Portugal (X tonnes), Germany (X tonnes), France (X tonnes), the Czech Republic (X tonnes), Namibia (X tonnes), Romania (X tonnes), the Netherlands (X tonnes) and Slovakia (X tonnes) was the largest importer of dairy spreads in the world, generating X% of total import. Kazakhstan (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in the Netherlands, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest dairy spread importing markets worldwide were Russia ($X), the UK ($X) and South Korea ($X), together accounting for X% of global imports. These countries were followed by Spain, Portugal, Germany, France, the Czech Republic, Romania, the Netherlands, Slovakia, Kazakhstan and Namibia, which together accounted for a further X recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2020, the average dairy spread import price amounted to $X per tonne, standing approx. at the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 when the average import price increased by X% y-o-y. Global import price peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Russia ($X per tonne), while Namibia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dairy spreads in the world?

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China (446K tonnes) remains the largest dairy spread consuming country worldwide, comprising approx. 18% of total volume. Moreover, dairy spread consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (182K tonnes), twofold. The third position in this ranking was occupied by India (169K tonnes), with a 6.9% share.

What are the largest producers of dairy spreads in the world?

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The country with the largest volume of dairy spread production was China (446K tonnes), accounting for 18% of total volume. Moreover, dairy spread production in China exceeded the figures recorded by the second-largest producer, the U.S. (181K tonnes), twofold. The third position in this ranking was occupied by India (169K tonnes), with a 6.9% share.

What are the leading suppliers of dairy spreads in the world?

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In value terms, the largest dairy spread supplying countries worldwide were Belarus ($63M), Belgium ($34M) and Ireland ($20M), together accounting for 53% of global exports. Germany, Saudi Arabia, France, New Zealand, Ukraine, the Netherlands, Greece, the UK, Serbia and Russia lagged somewhat behind, together accounting for a further 37%.

What are the leading importers of dairy spreads in the world?

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In value terms, the largest dairy spread importing markets worldwide were Russia ($21M), the UK ($17M) and South Korea ($16M), with a combined 33% share of global imports. These countries were followed by Spain, Portugal, Germany, France, the Czech Republic, Romania, the Netherlands, Slovakia, Kazakhstan and Namibia, which together accounted for a further 37%.

What is the average export price for dairy spreads in the world?

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In 2020, the average dairy spread export price amounted to $4,833 per tonne, with an increase of 5.8% against the previous year.

What is the average import price for dairy spreads in the world?

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In 2020, the average dairy spread import price amounted to $4,424 per tonne, therefore, remained relatively stable against the previous year.