Price for Butter and Other Fats and Oils Derived from Milk in Myanmar - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Myanmar (CIF) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Myanmar
Price for Butter and Other Fats and Oils Derived from Milk in Myanmar (CIF) - 2022
In 2022, the average import price for butter and other fats and oils derived from milk amounted to $5,443 per ton, surging by 45% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($5,823 per ton), while the price for China ($848 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Butter and Other Fats and Oils Derived from Milk in Myanmar
For the third year in a row, Myanmar recorded decline in purchases abroad of butter and other fats and oils derived from milk, which decreased by -15.9% to 576 tons in 2022. Overall, imports continue to indicate a abrupt decline. The smallest decline of -11.5% was in 2020.
In value terms, imports of butter and other fats and oils derived from milk skyrocketed to $3.1M in 2022. Over the period under review, imports showed a abrupt downturn.
| Import of Butter and Other Fats and Oils Derived from Milk in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 2,990 | 2,647 | 1,851 | 2,916 | -0.8% |
| Belgium | N/A | N/A | N/A | 126 | 0% |
| Thailand | 80.0 | 52.9 | 47.8 | 53.9 | -12.3% |
| China | 26.5 | 22.9 | 108 | 26.4 | -0.1% |
| Malaysia | 119 | 81.6 | 38.9 | N/A | -42.8% |
| France | 129 | 137 | 27.4 | N/A | -53.9% |
| Indonesia | 133 | 141 | 139 | N/A | 2.2% |
| Singapore | 350 | 266 | 162 | N/A | -32.0% |
| Others | 222 | 272 | 195 | 13.4 | -60.8% |
| Total | 4,049 | 3,620 | 2,569 | 3,135 | -8.2% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Myanmar in 2022:
- New Zealand (500.8 tons)
- China (31.1 tons)
- Belgium (22.6 tons)
- Thailand (13.8 tons)
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This report provides an in-depth analysis of the butter and ghee market in Myanmar.
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This report provides an in-depth analysis of the ghee market in Myanmar.
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This report provides an in-depth analysis of the butter market in Myanmar.
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This report provides an in-depth analysis of the dairy produce market in Myanmar.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Myanmar.
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This report provides an in-depth analysis of the dairy spread market in Myanmar.
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This report provides an in-depth analysis of the global butter and ghee market.
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This report provides an in-depth analysis of the global ghee market.
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This report provides an in-depth analysis of the global butter market.
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This report provides an in-depth analysis of the global dairy produce market.
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Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
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The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
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The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
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New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
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New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
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The butter market is projected to experience steady growth over the next seven years, driven by increasing demand worldwide. Market performance is expected to see a CAGR of +1.8% in volume and +3.5% in value from 2023 to 2030.
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This year global butter production is anticipated to keep up with ha last year, amounting to 5.6M tons. The EU is forecast to decrease butter exports due to a slight drop in production amid an increase in demand. Butter exports from New Zealand are not forecast to grow due to increased competition with UHT cream for food service being increasingly in demand.
