Overview of the Global Market for Buttermilk And Buttermilk Powder

Market Size for Buttermilk And Buttermilk Powder

In 2022, the global buttermilk and buttermilk powder market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Buttermilk And Buttermilk Powder

In value terms, buttermilk and buttermilk powder production contracted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, global production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports

In 2022, approx. X tons of buttermilk and buttermilk powder were exported worldwide; rising by X% on 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, buttermilk and buttermilk powder exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of buttermilk and buttermilk powder, namely Belgium, France and Germany, represented more than third of total export. Poland (X tons) took the next position in the ranking, followed by Spain (X tons) and Belarus (X tons). All these countries together took approx. X% share of total exports. The Netherlands (X tons), Austria (X tons), Russia (X tons), Thailand (X tons), New Zealand (X tons), Saudi Arabia (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest buttermilk and buttermilk powder supplying countries worldwide were Germany ($X), France ($X) and Belgium ($X), together accounting for X% of global exports. New Zealand, Poland, Spain, the Netherlands, Belarus, Austria, Russia, Saudi Arabia, Thailand and the UK lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, recorded 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 2022, the average buttermilk and buttermilk powder export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other global leaders experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports

In 2022, supplies from abroad of buttermilk and buttermilk powder increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, buttermilk and buttermilk powder imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons), distantly followed by Italy (X tons), the Netherlands (X tons), the UK (X tons), the Philippines (X tons) and Germany (X tons) represented the largest importers of buttermilk and buttermilk powder, together constituting X% of total imports. Ireland (X tons), France (X tons), Iraq (X tons), Spain (X tons), Poland (X tons), Oman (X tons) and Belgium (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to buttermilk and buttermilk powder imports into Russia stood at X%. At the same time, Oman (X%), Ireland (X%), Iraq (X%), Poland (X%), the Philippines (X%), Germany (X%), Italy (X%), Spain (X%) and France (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. By contrast, Belgium (X%) and the UK (X%) illustrated a downward trend over the same period. Russia (X p.p.), Ireland (X p.p.), the Philippines (X p.p.), Iraq (X p.p.), Oman (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the global imports, while Belgium, the Netherlands and the UK saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X), Italy ($X) and the Philippines ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of global imports. The Netherlands, Russia, Germany, France, Spain, Belgium, Ireland, Poland, Oman and Iraq lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Iraq, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average buttermilk and buttermilk powder import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price recorded a mild downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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