Price for Butter and Other Fats and Oils Derived from Milk in Hungary - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Hungary (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Hungary (FOB) - 2023
- Imports of Butter and Other Fats and Oils Derived from Milk in Hungary
- Exports of Butter and Other Fats and Oils Derived from Milk in Hungary
Price for Butter and Other Fats and Oils Derived from Milk in Hungary (CIF) - 2023
In October 2023, the average import price for butter and other fats and oils derived from milk amounted to $5,904 per ton, rising by 6.4% against the previous month. In general, the import price, however, showed a slight contraction. The import price peaked at $7,141 per ton in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Serbia.
From November 2022 to October 2023, the rate of growth in terms of prices for France amounted to +3.7% per month.
Price for Butter and Other Fats and Oils Derived from Milk in Hungary (FOB) - 2023
In November 2023, the average export price for butter and other fats and oils derived from milk amounted to $5,968 per ton, picking up by 3.4% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 18% month-to-month. The export price peaked at $7,108 per ton in January 2023; however, from February 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In November 2023, the country with the highest price was Bosnia and Herzegovina ($5,048 per ton), while the average price for exports to Serbia ($4,712 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+9.2%), while the prices for the other major destinations experienced a decline.
Imports of Butter and Other Fats and Oils Derived from Milk in Hungary
In 2022, approx. 6.3K tons of butter and other fats and oils derived from milk were imported into Hungary; falling by -5.4% on 2021 figures. Over the period under review, imports recorded a abrupt contraction. The smallest decline of -4% was in 2021.
In value terms, imports of butter and other fats and oils derived from milk surged to $42M in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Butter and Other Fats and Oils Derived from Milk in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 13.2 | 12.0 | 12.6 | 15.5 | 5.5% |
| Poland | 5.8 | 3.9 | 4.1 | 7.5 | 8.9% |
| Netherlands | 3.9 | 4.0 | 3.5 | 4.5 | 4.9% |
| France | 3.5 | 2.1 | 1.9 | 3.1 | -4.0% |
| Austria | 1.6 | 2.4 | 2.6 | 2.9 | 21.9% |
| Slovakia | 1.7 | 2.0 | 3.0 | 2.9 | 19.5% |
| Czech Republic | 1.1 | 1.3 | 1.5 | 2.1 | 24.1% |
| Others | 2.8 | 2.1 | 4.7 | 3.7 | 9.7% |
| Total | 33.6 | 29.8 | 33.8 | 42.4 | 8.1% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Hungary in 2022:
- Germany (2172.1 tons)
- Poland (1155.8 tons)
- Slovakia (666.9 tons)
- Netherlands (657.5 tons)
- France (427.7 tons)
- Austria (373.5 tons)
- Czech Republic (323.9 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Hungary
In 2022, shipments abroad of butter and other fats and oils derived from milk decreased by -10% to 800 tons, falling for the second year in a row after two years of growth. In general, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 204% against the previous year. As a result, the exports reached the peak of 1.7K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of butter and other fats and oils derived from milk rose markedly to $4.6M in 2022. Overall, exports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2020 with an increase of 100% against the previous year. As a result, the exports reached the peak of $8.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Butter and Other Fats and Oils Derived from Milk in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 1,850 | 1,739 | 1,916 | 2,288 | 7.3% |
| Kosovo | N/A | 728 | 703 | 788 | 4.0% |
| Slovakia | 277 | 420 | 487 | 741 | 38.8% |
| Bosnia and Herzegovina | 505 | 334 | 414 | 284 | -17.5% |
| Serbia | 1,165 | 260 | 87.1 | 256 | -39.7% |
| Israel | N/A | 4,190 | 422 | N/A | -89.9% |
| Others | 252 | 427 | 285 | 204 | -6.8% |
| Total | 4,049 | 8,096 | 4,313 | 4,561 | 4.0% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Hungary in 2022:
- Romania (400.4 tons)
- Kosovo (174.5 tons)
- Slovakia (99.4 tons)
- Bosnia and Herzegovina (63.8 tons)
- Serbia (36.3 tons)
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This report provides an in-depth analysis of the butter and ghee market in Hungary.
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This report provides an in-depth analysis of the ghee market in Hungary.
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This report provides an in-depth analysis of the butter market in Hungary.
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This report provides an in-depth analysis of the dairy produce market in Hungary.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Hungary.
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This report provides an in-depth analysis of the dairy spread market in Hungary.
2110
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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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
