Brazil: Butter And Ghee Market 2024

Butter And Ghee Market Size in Brazil

The Brazilian butter and ghee market fell to $X in 2022, waning by X% against the previous year. Overall, consumption saw a mild shrinkage. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Butter And Ghee Production in Brazil

In value terms, butter and ghee production amounted to less than $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume decreased by X% against the previous year. Butter and ghee production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Butter And Ghee Exports

Exports from Brazil

In 2022, approx. X tons of butter and ghee were exported from Brazil; picking up by X% against the year before. Over the period under review, exports saw a temperate expansion. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, butter and ghee exports surged to $X in 2022. In general, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uruguay (X tons) was the main destination for butter and ghee exports from Brazil, accounting for a X% share of total exports. Moreover, butter and ghee exports to Uruguay exceeded the volume sent to the second major destination, Chile (X tons), fourfold. The third position in this ranking was taken by Colombia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Colombia (X% per year).

In value terms, Uruguay ($X) remains the key foreign market for butter and ghee exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Colombia (X.4% per year).

Export Prices by Country

The average butter and ghee export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, export price indicated a measured 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. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Uruguay ($X 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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Brazil

In 2022, the amount of butter and ghee imported into Brazil shrank notably to X tons, dropping by X% on 2021 figures. Over the period under review, imports recorded a perceptible slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, butter and ghee imports reached $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Argentina (X tons) constituted the largest butter and ghee supplier to Brazil, accounting for a X% share of total imports. Moreover, butter and ghee imports from Argentina exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), threefold. The third position in this ranking was taken by New Zealand (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and New Zealand (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of butter and ghee to Brazil, comprising X% of total imports. The second position in the ranking was held by Uruguay ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the average butter and ghee import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a temperate 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. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($X per ton) and New Zealand ($X per ton), while the price for Argentina ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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