Price for Butter and Other Fats and Oils Derived from Milk in Belarus - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Belarus (FOB) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Belarus (CIF) - 2022
- Exports of Butter and Other Fats and Oils Derived from Milk in Belarus
- Imports of Butter and Other Fats and Oils Derived from Milk in Belarus
Price for Butter and Other Fats and Oils Derived from Milk in Belarus (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $4,719 per ton in March 2022, shrinking by -24.2% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 an increase of 7.4% m-o-m. The export price peaked at $6,408 per ton in December 2021; however, from January 2022 to March 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In March 2022, the country with the highest price was Ukraine ($4,685 per ton), while the average price for exports to Russia totaled $4,671 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+0.6%).
Price for Butter and Other Fats and Oils Derived from Milk in Belarus (CIF) - 2022
The average import price for butter and other fats and oils derived from milk stood at $4,773 per ton in 2022, falling by -1.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs at $4,981 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to +35.7% per year.
Exports of Butter and Other Fats and Oils Derived from Milk in Belarus
After three years of growth, overseas shipments of butter and other fats and oils derived from milk decreased by -3.3% to 85K tons in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 70% against the previous year. As a result, the exports reached the peak of 87K tons, and then fell slightly in the following year.
In value terms, exports of butter and other fats and oils derived from milk amounted to $518M in 2022. The total export value increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 16% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.
| Export of Butter and Other Fats and Oils Derived from Milk in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 404 | 355 | 406 | 466 | 4.9% |
| Ukraine | 10.9 | 12.0 | 22.0 | 25.3 | 32.4% |
| Azerbaijan | 7.4 | 9.5 | 9.3 | 10.6 | 12.7% |
| Others | 12.8 | 10.9 | 13.5 | 15.5 | 6.6% |
| Total | 435 | 388 | 451 | 518 | 6.0% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Belarus in 2022:
- Russia (75.4K tons)
- Ukraine (4.6K tons)
- Azerbaijan (1.8K tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Belarus
In 2022, after three years of growth, there was decline in overseas purchases of butter and other fats and oils derived from milk, when their volume decreased by -3% to 262 tons. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 117% against the previous year.
In value terms, imports of butter and other fats and oils derived from milk reduced slightly to $1.3M in 2022. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 94% against the previous year.
| Import of Butter and Other Fats and Oils Derived from Milk in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.5 | 1.0 | 1.3 | 1.3 | 37.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.5 | 1.0 | 1.3 | 1.3 | 37.5% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Belarus in 2022:
- Russia (262.3 tons)
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This report provides an in-depth analysis of the butter and ghee market in Belarus.
427
This report provides an in-depth analysis of the ghee market in Belarus.
482
This report provides an in-depth analysis of the butter market in Belarus.
415
This report provides an in-depth analysis of the dairy produce market in Belarus.
334
This report provides an in-depth analysis of the market for butter and dairy spreads in Belarus.
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This report provides an in-depth analysis of the dairy spread market in Belarus.
2179
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.
7998
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.
1058
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.
1800
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.
