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World - Butter - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jul 11, 2024

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

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Article Publishing Date: Jul 11, 2024

Best Import Markets for Butter

When it comes to the global trade of butter, there are certain countries that stand out as the top import markets. These countries not only consume a significant amount of butter domestically but also rely heavily on imports to meet their demand. According to data from the IndexBox market intelligence platform, here are the top-10 countries by Import Value of Butter in 2023:

1. France - $1.3 Billion USD

2. Germany - $798.0 Million USD

3. Netherlands - $774.9 Million USD

4. China - $615.8 Million USD

5. Belgium - $511.3 Million USD

6. United States - $477.7 Million USD

7. Russia - $327.7 Million USD

8. United Kingdom - $269.0 Million USD

9. Italy - $224.3 Million USD

10. Australia - $201.9 Million USD

1. France: A Butter Import Powerhouse

France leads the way in terms of butter imports, with a staggering $1.3 billion USD worth of imports in 2023. The country's rich culinary tradition, which includes pastries, sauces, and savory dishes that feature butter as a key ingredient, drives the high demand for imported butter. French consumers are also known for their preference for high-quality butter, which often leads them to seek out imported varieties.

2. Germany: An Appetite for Imported Butter

Germany is another major player in the global butter import market, with imports totaling $798.0 million USD in 2023. Like France, Germany has a strong culinary culture that values the use of butter in a wide range of dishes. While the country produces a significant amount of butter domestically, imports are still necessary to meet the demand for high-quality butter from consumers and food manufacturers.

3. The Netherlands: A Hub for Butter Imports

The Netherlands, with $774.9 million USD in butter imports in 2023, is a key player in the global butter trade. The country's strategic location and well-developed infrastructure make it a hub for importing and exporting butter to countries across Europe and beyond. Dutch consumers also have a strong preference for butter, particularly in traditional dishes such as stroopwafels and poffertjes.

4. China: A Growing Import Market for Butter

China may be better known for its tea and rice than its butter consumption, but the country imported $615.8 million USD worth of butter in 2023. As Chinese consumers become more affluent and international cuisine gains popularity, the demand for high-quality butter has been on the rise. Butter is also increasingly used in baking and confectionery in China, further driving import demand.

5. Belgium: Embracing Imported Butter

Belgium, with $511.3 million USD in butter imports in 2023, is another top importer of butter. The country's famous chocolate and waffles are just a few of the delicacies that rely on imported butter for their rich, creamy texture and flavor. Belgian consumers also have a taste for high-quality butter, making imports a crucial component of the country's food supply.

6. United States: Importing Butter for Consumer and Industrial Use

The United States imported $477.7 million USD worth of butter in 2023, both for consumer use and industrial purposes. While the country is one of the world's largest producers of dairy products, including butter, imports are still necessary to meet the demand for specialty butters and to balance out fluctuations in domestic supply. Butter is a staple in American cuisine, from biscuits and pies to sauces and pastries.

7. Russia: Meeting Demand for Butter Imports

Russia imported $327.7 million USD worth of butter in 2023, reflecting the country's growing demand for high-quality dairy products. Russian consumers have a strong preference for butter in cooking and baking, making imports a key component of the country's food supply. The popularity of European-style pastries and desserts in Russia also drives the demand for imported butter.

8. United Kingdom: A Taste for Imported Butter

The United Kingdom imported $269.0 million USD worth of butter in 2023, driven by the country's love of traditional dishes such as scones, crumpets, and puddings that rely on butter for their rich taste and texture. The UK is also a major producer of dairy products, but imports are necessary to meet the demand for specialty butters and to balance out fluctuations in domestic supply.

9. Italy: Importing Butter for Culinary Excellence

Italy, with $224.3 million USD in butter imports in 2023, is known for its rich culinary tradition that values the use of butter in a wide range of dishes. Italian consumers have a strong preference for high-quality butter, particularly in traditional dishes such as risotto, polenta, and pastries. Imports play a crucial role in meeting the demand for premium butter in Italy.

10. Australia: A Growing Market for Imported Butter

Australia imported $201.9 million USD worth of butter in 2023, reflecting the country's increasing demand for high-quality dairy products. Australian consumers have a taste for butter in cooking and baking, as well as in traditional dishes such as lamingtons and Anzac biscuits. Imports play a key role in supplying the Australian market with a wide variety of butter products.

Conclusion

As the world's top import markets for butter, these countries play a crucial role in driving global demand for dairy products. Whether it's for traditional dishes, baking, or industrial use, butter imports are essential to meeting the diverse needs of consumers around the world. By leveraging data from the IndexBox market intelligence platform, businesses can gain insights into these key import markets and develop strategies to capitalize on the growing demand for imported butter.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global butter market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

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

Company coverage:

Dairy Farmers of America, Inc., Tatura Milk Industries Limited, Westland Milk Products, Adams Foods Limited, Arla Foods, Fonterra, Glanbia, First Milk Ltd

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. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL 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. GLOBAL 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
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  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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