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Italy - Butter - Market Analysis, Forecast, Size, Trends and Insights
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View PricingButter Price in Italy - 2023
Contents:
- Butter Price in Italy (CIF) - 2023
- Butter Price in Italy (FOB) - 2023
- Butter Imports in Italy
- Butter Exports in Italy
Butter Price in Italy (CIF) - 2023
The average butter import price stood at $5,936 per ton in July 2023, leveling off at the previous month. Overall, the import price recorded a slight contraction. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 17% against the previous month. Over the period under review, average import prices attained the peak figure at $7,281 per ton in November 2022; however, from December 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Lithuania ($6,625 per ton), while the price for Croatia ($3,799 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Croatia (+2.2%), while the prices for the other major suppliers experienced a decline.
Butter Price in Italy (FOB) - 2023
In August 2023, the average butter export price amounted to $6,243 per ton, falling by -2.4% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 7.2% m-o-m. The export price peaked at $7,535 per ton in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In August 2023, the highest price was recorded for prices to Germany ($7,289 per ton) and Belgium ($7,132 per ton), while the average price for exports to Tunisia ($4,954 per ton) and Poland ($5,006 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Butter Imports in Italy
In 2022, imports of butter into Italy reduced to 33K tons, falling by -6.9% against 2021. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of 35K tons, and then declined in the following year.
In value terms, butter imports soared to $221M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Butter in Italy (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 47.9 | 34.3 | 42.1 | 54.8 | 4.6% |
Netherlands | 30.4 | 22.4 | 31.5 | 50.6 | 18.5% |
Germany | 31.2 | 31.0 | 40.4 | 42.5 | 10.9% |
France | 16.9 | 12.5 | 24.9 | 29.0 | 19.7% |
Czech Republic | 5.1 | 3.9 | 5.5 | 9.5 | 23.0% |
Spain | 5.8 | 4.8 | 6.4 | 8.2 | 12.2% |
Poland | 5.7 | 3.4 | 4.2 | 6.7 | 5.5% |
Denmark | 4.0 | 5.1 | 5.0 | 6.6 | 18.2% |
Lithuania | 0.8 | 0.6 | 4.0 | 2.1 | 37.9% |
Croatia | 1.1 | 0.7 | 1.1 | 1.6 | 13.3% |
Others | 10.7 | 8.3 | 6.6 | 9.0 | -5.6% |
Total | 160 | 127 | 172 | 221 | 11.4% |
Top Suppliers of Butter to Italy in 2022:
- Netherlands (8.3K tons)
- Belgium (7.6K tons)
- Germany (5.6K tons)
- France (4.0K tons)
- Czech Republic (1.4K tons)
- Poland (1.1K tons)
- Spain (1.1K tons)
- Denmark (1.0K tons)
- Lithuania (0.9K tons)
- Croatia (0.6K tons)
Butter Exports in Italy
After three years of growth, overseas shipments of butter decreased by -22.6% to 12K tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +5.8% 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 27% against the previous year.
In value terms, butter exports dropped slightly to $88M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports reached the peak of $88M, and then reduced in the following year.
Export of Butter in Italy (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 6.1 | 3.8 | 10.8 | 10.8 | 21.0% |
Germany | 24.9 | 20.9 | 12.2 | 9.3 | -28.0% |
Belgium | 0.6 | 12.2 | 12.6 | 9.1 | 147.5% |
Greece | 3.6 | 5.6 | 5.9 | 8.7 | 34.2% |
Austria | 2.8 | 3.9 | 5.4 | 8.6 | 45.4% |
Netherlands | 3.1 | 1.3 | 5.1 | 5.8 | 23.2% |
South Korea | 1.8 | 2.1 | 4.8 | 4.9 | 39.6% |
France | 0.8 | 1.1 | 1.5 | 3.9 | 69.6% |
Poland | 1.8 | 4.0 | 8.7 | 3.6 | 26.0% |
Romania | 1.0 | 1.6 | 3.3 | 3.5 | 51.8% |
Croatia | 0.3 | 0.8 | 1.2 | 2.9 | 113.0% |
Denmark | 0.7 | N/A | 0.9 | 1.6 | 31.7% |
Bulgaria | 1.7 | 1.6 | 2.6 | 1.1 | -13.5% |
Others | 8.5 | 11.8 | 13.5 | 13.8 | 17.5% |
Total | 57.8 | 70.8 | 88.5 | 87.5 | 14.8% |
Top Export Markets for Butter from Italy in 2022:
- Spain (1576.5 tons)
- Belgium (1474.4 tons)
- Austria (1265.3 tons)
- Germany (1257.4 tons)
- Greece (1227.2 tons)
- Netherlands (860.9 tons)
- South Korea (612.2 tons)
- Poland (561.4 tons)
- France (515.1 tons)
- Romania (444.5 tons)
- Croatia (376.4 tons)
- Denmark (224.9 tons)
- Bulgaria (150.3 tons)
This report provides an in-depth analysis of the butter market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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 Italy.
This report provides an in-depth analysis of the butter and ghee market in Italy.
This report provides an in-depth analysis of the market for butter and dairy spreads in Italy.
This report provides an in-depth analysis of the ghee market in Italy.
This report provides an in-depth analysis of the dairy produce market in Italy.
This report provides an in-depth analysis of the dairy spread market in Italy.
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.
During the period analyzed, Ghee imports reached a peak of 36K tons in 2019. However, from 2020 to 2023, imports held steady at a lower level. In terms of value, Ghee imports significantly decreased to $225M in 2023.
In February 2023, the ghee price stood at $6,832 per ton (CIF, Italy), declining by -11.4% against the previous month.
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.