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Bangladesh - Butter - Market Analysis, Forecast, Size, Trends and Insights
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View PricingButter Price in Bangladesh - 2022
Contents:
- Butter Price in Bangladesh (CIF) - 2022
- Butter Price in Bangladesh (FOB) - 2022
- Butter Imports in Bangladesh
- Butter Exports in Bangladesh
Butter Price in Bangladesh (CIF) - 2022
The average butter import price stood at $5,160 per ton in 2022, jumping by 26% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($8,409 per ton), while the price for Australia ($1,882 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Butter Price in Bangladesh (FOB) - 2022
The average butter export price stood at $3,036 per ton in 2022, rising by 57% against the previous year. In general, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 77% against the previous year. Over the period under review, the average export prices hit record highs at $7,038 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($24,957 per ton), while the average price for exports to Brunei Darussalam ($715 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 Brunei Darussalam (+43.9%), while the prices for the other major destinations experienced more modest paces of growth.
Butter Imports in Bangladesh
In 2022, supplies from abroad of butter decreased by -35.3% to 523 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 57%.
In value terms, butter imports declined dramatically to $2.7M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 60%.
Import of Butter in Bangladesh (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 810 | 1,756 | 1,341 | 1,288 | 16.7% |
India | 392 | 455 | 1,073 | 695 | 21.0% |
United Arab Emirates | 138 | 97.8 | 216 | 267 | 24.6% |
Belgium | 78.4 | 55.2 | 41.3 | 187 | 33.6% |
China | 56.4 | 55.7 | 152 | 106 | 23.4% |
Denmark | 69.8 | 111 | 337 | 71.0 | 0.6% |
Switzerland | 21.5 | 27.7 | 57.6 | 35.4 | 18.1% |
Ireland | 233 | 325 | N/A | N/A | 39.5% |
Others | 44.7 | 74.7 | 93.7 | 51.9 | 5.1% |
Total | 1,844 | 2,958 | 3,311 | 2,700 | 13.6% |
Top Suppliers of Butter to Bangladesh in 2022:
- New Zealand (231.1 tons)
- India (143.4 tons)
- United Arab Emirates (46.8 tons)
- Belgium (42.9 tons)
- China (28.5 tons)
- Switzerland (14.5 tons)
- Denmark (9.0 tons)
Butter Exports in Bangladesh
In 2022, after three years of growth, there was significant decline in overseas shipments of butter, when their volume decreased by -50.9% to 23 tons. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 22%.
In value terms, butter exports shrank remarkably to $70K in 2022. In general, exports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. As a result, the exports attained the peak of $91K, and then fell notably in the following year.
Export of Butter in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 34.3 | 40.1 | 36.1 | 23.9 | -11.3% |
United States | 19.7 | 7.3 | 15.0 | 23.7 | 6.4% |
Australia | 17.0 | 16.2 | 21.4 | 13.9 | -6.5% |
Brunei Darussalam | N/A | N/A | 7.3 | 5.7 | -21.9% |
Japan | 2.8 | 2.4 | 2.8 | 1.6 | -17.0% |
Cambodia | N/A | N/A | 7.2 | N/A | 0% |
Others | 0.8 | 0.7 | 1.1 | 1.2 | 14.5% |
Total | 74.6 | 66.7 | 90.8 | 70.1 | -2.1% |
Top Export Markets for Butter from Bangladesh in 2022:
- Saudi Arabia (12.2 tons)
- Brunei Darussalam (8.0 tons)
- United States (1.6 tons)
- Australia (0.6 tons)
- Japan (0.4 tons)
This report provides an in-depth analysis of the butter market in Bangladesh. 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:
- Bangladesh
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bangladesh
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the butter market in Bangladesh.
This report provides an in-depth analysis of the butter and ghee market in Bangladesh.
This report provides an in-depth analysis of the market for butter and dairy spreads in Bangladesh.
This report provides an in-depth analysis of the ghee market in Bangladesh.
This report provides an in-depth analysis of the dairy produce market in Bangladesh.
This report provides an in-depth analysis of the dairy spread market in Bangladesh.
This report provides an in-depth analysis of the global butter market.
This report provides an in-depth analysis of the global butter and ghee market.
This report provides an in-depth analysis of the global market for butter and dairy spreads.
This report provides an in-depth analysis of the global ghee market.
Explore the top import markets for butter in the world based on data from IndexBox platform. Learn about the countries importing the most butter and the trends driving global butter trade.
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.
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.
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
New Zealand continued its dominance in the global butter trade. In 2014, New Zealand exported X thousand tons of butter totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its tota
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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.
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.