India - Butter - Market Analysis, Forecast, Size, Trends and Insights
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View PricingButter Price in India - 2023
Contents:
- Butter Price in India (FOB) - 2023
- Butter Price in India (CIF) - 2022
- Butter Exports in India
- Butter Imports in India
Butter Price in India (FOB) - 2023
The average butter export price stood at $5,373 per ton in July 2023, shrinking by -5.4% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 7.1% m-o-m. Over the period under review, the average export prices hit record highs at $5,787 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Qatar ($7,200 per ton), while the average price for exports to Morocco ($4,668 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Butter Price in India (CIF) - 2022
The average butter import price stood at $8,355 per ton in 2022, rising by 25% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter import price increased by +78.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 43%. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($9,249 per ton), while the price for the United Arab Emirates ($5,582 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+40.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Butter Exports in India
Butter exports from India surged to 19K tons in 2022, jumping by 140% against 2021 figures. Over the period under review, exports, however, saw a deep contraction.
In value terms, butter exports surged to $87M in 2022. Overall, exports, however, continue to indicate a deep setback.
Export of Butter in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bahrain | 1.8 | 0.6 | 3.8 | 30.3 | 156.3% |
Saudi Arabia | 1.5 | 2.4 | 4.3 | 11.6 | 97.8% |
Morocco | 6.2 | 1.2 | 4.1 | 10.6 | 19.6% |
Qatar | 0.7 | 0.9 | 1.2 | 9.8 | 141.0% |
United Arab Emirates | 7.7 | 5.8 | 7.9 | 9.3 | 6.5% |
Egypt | 19.7 | 2.8 | 1.9 | 4.1 | -40.7% |
United States | 1.3 | 2.6 | 1.6 | 3.3 | 36.4% |
Turkey | 63.5 | 0.6 | 0.6 | N/A | -90.3% |
Others | 5.8 | 5.8 | 10.2 | 8.5 | 13.6% |
Total | 108 | 22.8 | 35.6 | 87.5 | -6.8% |
Top Export Markets for Butter from India in 2022:
- Bahrain (7.1K tons)
- Saudi Arabia (2.5K tons)
- Morocco (2.5K tons)
- Qatar (2.3K tons)
- United Arab Emirates (1.7K tons)
- Egypt (1.0K tons)
- United States (0.5K tons)
Butter Imports in India
In 2022, purchases abroad of butter decreased by -30.7% to 119 tons, falling for the second year in a row after two years of growth. Overall, imports faced a sharp setback. The pace of growth appeared the most rapid in 2020 when imports increased by 43% against the previous year. As a result, imports attained the peak of 533 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, butter imports dropped to $994K in 2022. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 40% against the previous year. As a result, imports reached the peak of $2.5M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Butter in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 286 | 33.5 | 289 | 497 | 20.2% |
New Zealand | 595 | 2,174 | 536 | 227 | -27.5% |
United Kingdom | N/A | N/A | 92.5 | 151 | 63.2% |
Denmark | 115 | 90.4 | 67.1 | 86.0 | -9.2% |
United Arab Emirates | N/A | N/A | 7.9 | 33.5 | 324.1% |
Belgium | 114 | 8.5 | N/A | N/A | -92.5% |
Egypt | N/A | 90.9 | N/A | N/A | 0% |
Netherlands | N/A | 90.8 | N/A | N/A | 0% |
Turkey | 378 | N/A | N/A | N/A | 0% |
Others | 295 | 0.2 | 156 | N/A | -27.3% |
Total | 1,782 | 2,489 | 1,149 | 994 | -17.7% |
Top Suppliers of Butter to India in 2022:
- France (53.7 tons)
- New Zealand (27.3 tons)
- United Kingdom (20.0 tons)
- Denmark (11.9 tons)
- United Arab Emirates (6.0 tons)
This report provides an in-depth analysis of the butter market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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 India.
This report provides an in-depth analysis of the butter and ghee market in India.
This report provides an in-depth analysis of the market for butter and dairy spreads in India.
This report provides an in-depth analysis of the ghee market in India.
This report provides an in-depth analysis of the dairy produce market in India.
This report provides an in-depth analysis of the dairy spread market in India.
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.
The exports of Ghee experienced a downward trend from April 2023 to September 2023, with a noticeable growth in September reaching a value of $9.6M.
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.