Overview of the Global Market for Butter And Dairy Spreads

Market Size for Butter And Dairy Spreads

In 2022, the global butter and dairy spreads market increased by X% to $X, rising for the second year in a row after two years of decline. The market 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. Over the period under review, the global market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Production of Butter And Dairy Spreads

In value terms, butter and dairy spreads production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2017 with an increase of X%. Global production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were New Zealand (X tons), Ireland (X tons) and the Netherlands (X tons), with a combined X% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by New Zealand (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

Exports of Butter And Dairy Spreads

Exports

In 2022, approx. X tons of butter and dairy spreads were exported worldwide; leveling off at the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. The global exports peaked at X tons in 2021, and then declined in the following year.

In value terms, butter and dairy spreads exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The shipments of the three major exporters of butter and dairy spreads, namely New Zealand, the Netherlands and Ireland, represented more than third of total export. Belgium (X tons) held the next position in the ranking, followed by Germany (X tons), Belarus (X tons) and France (X tons). All these countries together took near X% share of total exports. Poland (X tons), the United States (X tons), Denmark (X tons), the UK (X tons) and Finland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), New Zealand ($X) and Ireland ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of global exports. Belgium, Germany, France, Belarus, Poland, Denmark, the United States, the UK and Finland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw 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

The average butter and dairy spreads export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the United States ($X per ton) was amongst the lowest.

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

Imports of Butter And Dairy Spreads

Imports

After four years of growth, overseas purchases of butter and dairy spreads decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Global imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, butter and dairy spreads imports soared to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of butter and dairy spreads imports in 2022 were France (X tons), the Netherlands (X tons), Germany (X tons), China (X tons) and Belgium (X tons), together accounting for X% of total import. The United States (X tons), the UK (X tons), Saudi Arabia (X tons), Italy (X tons), Australia (X tons), South Korea (X tons), Canada (X tons) and Spain (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United States (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest butter and dairy spreads importing markets worldwide were France ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of global imports. China, Belgium, the United States, the UK, Italy, South Korea, Australia, Saudi Arabia, Spain and Canada lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of 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 2022, the average butter and dairy spreads import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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