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EU - Butter - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

EU - Butter - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Oct 7, 2020

With Exports of $1.2B, Ireland Remains Top European Butter Exporter for the Second Consecutive Year

IndexBox has just published a new report: 'EU - Butter - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

In 2019, after two years of growth, there was a significant decline in the EU butter market, when its value decreased by -10.7% to $9B. Over the period under review, the market hit record highs at $10B in 2018 and then fell in the following year. Given the relatively stable volume of consumption in physical terms, those fluctuations are shaped by price changes.

Consumption by Country

The countries with the highest volumes of butter consumption in 2019 were France (520K tons), Germany (446K tons) and the UK (186K tons), together accounting for 64% of total consumption. Poland, Italy, the Netherlands, Austria, Sweden, Spain and the Czech Republic lagged somewhat behind, together accounting for a further 26%.

From 2013 to 2019, the biggest increases were in Spain, while butter consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest butter markets in the European Union were France ($3.1B), Germany ($2.1B) and the UK ($838M), with a combined 67% share of the total market. Italy, Poland, Austria, the Netherlands, Sweden, Spain and the Czech Republic lagged somewhat behind, together comprising a further 24%.

The countries with the highest levels of butter per capita consumption in 2019 were France (7.91 kg per person), Germany (5.44 kg per person) and Austria (5.23 kg per person).

Production in the EU

In 2019, the production of butter in the European Union totaled 2M tons, with an increase of 2.1% against the previous year. Over the period under review, production continues to indicate a relatively flat trend pattern. As a result, production reached the peak volume and is likely to continue growing in the immediate term.

Production by Country

The countries with the highest volumes of butter production in 2019 were Germany (438K tons), France (401K tons) and Ireland (247K tons), with a combined 55% share of total production.

From 2013 to 2019, the most notable rate of growth in terms of butter production, amongst the leading producing countries, was attained by Ireland, while butter production for the other leaders experienced more modest paces of growth.

Exports in the EU

Butter exports rose significantly to 1M tons in 2019, with an increase of 7.3% against 2018. The total export volume increased at an average annual rate of +5.3% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, butter exports declined to $5.1B (IndexBox estimates) in 2019.

Exports by Country

Ireland (257K tons) and the Netherlands (238K tons) were the largest exporters of butter in 2019, reaching near 25% and 23% of total exports, respectively. It was distantly followed by Germany (135K tons), Belgium (112K tons), France (71K tons), Poland (53K tons) and Denmark (51K tons), together constituting a 40% share of total exports.

From 2013 to 2019, the biggest increases were in Poland, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest butter supplying countries in the European Union were Ireland ($1.2B), the Netherlands ($1.1B) and Germany ($624M), with a combined 58% share of total exports.

Among the main exporting countries, Ireland recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The butter export price in the European Union stood at $4,860 per ton in 2019, dropping by -17.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 48% against the previous year. Over the period under review, export prices attained the peak figure at $5,865 per ton in 2018 and then fell significantly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2019, major exporting countries recorded the following prices: in France ($6,237 per ton) and Denmark ($5,544 per ton), while Poland ($4,564 per ton) and the Netherlands ($4,637 per ton) were amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the butter market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 886 - Butter of Cow Milk

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in the EU, split by region and country
  • Trade (exports and imports) in the EU
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Austria
    • Belgium
    • Bulgaria
    • Croatia
    • Cyprus
    • Czech Republic
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • Hungary
    • Ireland
    • Italy
    • Latvia
    • Lithuania
    • Luxembourg
    • Malta
    • Netherlands
    • Poland
    • Portugal
    • Romania
    • Slovakia
    • Slovenia
    • Spain
    • Sweden

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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