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Ethiopia - Butter - Market Analysis, Forecast, Size, Trends and Insights
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View PricingButter Price in Ethiopia - 2022
Contents:
- Butter Price in Ethiopia (CIF) - 2022
- Butter Price in Ethiopia (FOB) - 2022
- Butter Imports in Ethiopia
- Butter Exports in Ethiopia
Butter Price in Ethiopia (CIF) - 2022
In 2022, the average butter import price amounted to $7,482 per ton, growing by 26% against the previous year. Over the period under review, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 76% against the previous year. As a result, import price attained the peak level of $7,918 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($9,335 per ton), while the price for China ($1,033 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Butter Price in Ethiopia (FOB) - 2022
The average butter export price stood at $9,485 per ton in 2022, increasing by 45% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter export price increased by +83.0% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 the United Arab Emirates ($85,825 per ton), while the average price for exports to the United States ($4,197 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 the United Arab Emirates (+238.7%), while the prices for the other major destinations experienced more modest paces of growth.
Butter Imports in Ethiopia
For the third consecutive year, Ethiopia recorded decline in overseas purchases of butter, which decreased by -75% to 16 tons in 2022. Over the period under review, imports continue to indicate a sharp decline. The smallest decline of -40.8% was in 2021.
In value terms, butter imports fell significantly to $117K in 2022. In general, imports saw a sharp slump. The smallest decline of -37.4% was in 2021.
Import of Butter in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 56.5 | 253 | 84.5 | 67.9 | 6.3% |
Denmark | 22.1 | 9.8 | 16.3 | 36.7 | 18.4% |
Belgium | 4.1 | N/A | 4.3 | 8.1 | 25.5% |
United Arab Emirates | 605 | 53.7 | 67.1 | 2.1 | -84.9% |
China | N/A | N/A | N/A | 0.9 | 0% |
Spain | 258 | N/A | N/A | N/A | 0% |
Others | 411 | 274 | 198 | 0.7 | -88.1% |
Total | 1,357 | 591 | 370 | 117 | -55.8% |
Top Suppliers of Butter to Ethiopia in 2022:
- France (7.3 tons)
- Denmark (5.2 tons)
- Belgium (1.2 tons)
- China (0.9 tons)
- United Arab Emirates (0.8 tons)
Butter Exports in Ethiopia
In 2022, the amount of butter exported from Ethiopia shrank to 2 tons, waning by -14.7% against 2021 figures. In general, exports continue to indicate a sharp slump. The smallest decline of -0.4% was in 2020.
In value terms, butter exports soared to $19K in 2022. Over the period under review, exports saw a deep setback.
Export of Butter in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | 0.2 | N/A | 6.9 | 487.4% |
Qatar | N/A | 4.3 | 3.2 | 4.6 | 3.4% |
United States | 4.7 | 15.4 | 4.4 | 3.9 | -6.0% |
Australia | 2.2 | 0.5 | 5.8 | 3.5 | 16.7% |
Sudan | 19.1 | 6.4 | N/A | N/A | -66.5% |
Others | N/A | 2.0 | 2.1 | 0.2 | -68.4% |
Total | 26.0 | 28.8 | 15.5 | 19.1 | -9.8% |
Top Export Markets for Butter from Ethiopia in 2022:
- United States (923.0 kg)
- Australia (626.0 kg)
- Qatar (360.0 kg)
- United Arab Emirates (80.0 kg)
This report provides an in-depth analysis of the butter market in Ethiopia. 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:
- Ethiopia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ethiopia
- 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 Ethiopia.
This report provides an in-depth analysis of the butter and ghee market in Ethiopia.
This report provides an in-depth analysis of the market for butter and dairy spreads in Ethiopia.
This report provides an in-depth analysis of the ghee market in Ethiopia.
This report provides an in-depth analysis of the dairy produce market in Ethiopia.
This report provides an in-depth analysis of the dairy spread market in Ethiopia.
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.