Price for Butter and Other Fats and Oils Derived from Milk in Uganda - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Uganda (FOB) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Uganda (CIF) - 2022
- Exports of Butter and Other Fats and Oils Derived from Milk in Uganda
- Imports of Butter and Other Fats and Oils Derived from Milk in Uganda
Price for Butter and Other Fats and Oils Derived from Milk in Uganda (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $4,162 per ton in 2022, falling by -6.6% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for butter and other fats and oils derived from milk increased by +8.3% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 68%. The export price peaked at $4,457 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($6,290 per ton), while the average price for exports to Egypt ($3,854 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Butter and Other Fats and Oils Derived from Milk in Uganda (CIF) - 2022
In 2022, the average import price for butter and other fats and oils derived from milk amounted to $4,290 per ton, which is down by -10.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 34% against the previous year. The import price peaked at $5,471 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lebanon ($12,104 per ton), while the price for Rwanda ($864 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Butter and Other Fats and Oils Derived from Milk in Uganda
In 2022, shipments abroad of butter and other fats and oils derived from milk decreased by -3.7% to 2.5K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.5% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 57% against the previous year.
In value terms, exports of butter and other fats and oils derived from milk fell to $11M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 47%.
| Export of Butter and Other Fats and Oils Derived from Milk in Uganda (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 3.1 | 6.3 | 8.3 | 7.5 | 34.2% |
| Kenya | 0.7 | 1.4 | 1.2 | 1.1 | 16.3% |
| Oman | 0.7 | 0.5 | 0.9 | 0.8 | 4.6% |
| Tanzania | 0.7 | 0.3 | 0.5 | 0.5 | -10.6% |
| Japan | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| Others | 0.7 | 0.3 | 0.4 | 0.2 | -34.1% |
| Total | 6.4 | 9.4 | 11.7 | 10.5 | 17.9% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Uganda in 2022:
- Egypt (1941.9 tons)
- Oman (181.3 tons)
- Kenya (178.6 tons)
- Tanzania (91.2 tons)
- Japan (72.3 tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Uganda
In 2022, supplies from abroad of butter and other fats and oils derived from milk decreased by -5.5% to 51 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 248%.
In value terms, imports of butter and other fats and oils derived from milk fell rapidly to $220K in 2022. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 298% against the previous year.
| Import of Butter and Other Fats and Oils Derived from Milk in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | N/A | 1.6 | N/A | 126 | 787.4% |
| United Kingdom | N/A | N/A | N/A | 61.7 | 0% |
| Denmark | N/A | 8.9 | 10.8 | 14.5 | 27.6% |
| Rwanda | N/A | N/A | N/A | 6.3 | 0% |
| India | 1.0 | 2.6 | 0.5 | 4.2 | 61.3% |
| Netherlands | 35.6 | N/A | 7.2 | 1.7 | -63.7% |
| United Arab Emirates | 7.3 | N/A | 2.9 | 1.5 | -41.0% |
| Kenya | N/A | 164 | 237 | N/A | 44.5% |
| Others | 1.2 | 2.9 | 1.7 | 4.1 | 50.6% |
| Total | 45.2 | 180 | 260 | 220 | 69.5% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Uganda in 2022:
- United Kingdom (28.0 tons)
- Lebanon (10.4 tons)
- Rwanda (7.3 tons)
- Denmark (2.5 tons)
- India (1.5 tons)
- United Arab Emirates (0.7 tons)
- Netherlands (0.5 tons)
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This report provides an in-depth analysis of the butter and ghee market in Uganda.
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This report provides an in-depth analysis of the ghee market in Uganda.
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This report provides an in-depth analysis of the butter market in Uganda.
126
This report provides an in-depth analysis of the dairy produce market in Uganda.
87
This report provides an in-depth analysis of the market for butter and dairy spreads in Uganda.
121
This report provides an in-depth analysis of the dairy spread market in Uganda.
2110
This report provides an in-depth analysis of the global butter and ghee market.
2849
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.
7880
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.
6348
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.
1034
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2791
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.
1758
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
925
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.
2015
The global trade in butter amounted to X million USD in 2015, fluctuating wildly over the period under review. A significant drop in 2009 was followed by a recovery over the next two years, until exports decreased again
