Price for Butter and Other Fats and Oils Derived from Milk in Austria - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Austria (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Austria (FOB) - 2023
- Imports of Butter and Other Fats and Oils Derived from Milk in Austria
- Exports of Butter and Other Fats and Oils Derived from Milk in Austria
Price for Butter and Other Fats and Oils Derived from Milk in Austria (CIF) - 2023
The average import price for butter and other fats and oils derived from milk stood at $6,480 per ton in November 2023, increasing by 5.5% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 7.3% against the previous month. The import price peaked at $7,180 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Bosnia and Herzegovina ($8,702 per ton), while the price for Serbia amounted to $5,128 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Serbia (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Butter and Other Fats and Oils Derived from Milk in Austria (FOB) - 2023
In November 2023, the average export price for butter and other fats and oils derived from milk amounted to $7,038 per ton, picking up by 5% against the previous month. Over the period under review, the export price, however, recorded a mild decline. The most prominent rate of growth was recorded in May 2023 an increase of 5.2% against the previous month. Over the period under review, the average export prices reached the maximum at $8,272 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In November 2023, the country with the highest price was the United Arab Emirates ($13,236 per ton), while the average price for exports to Holy See totaled $9,124 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Holy See (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Butter and Other Fats and Oils Derived from Milk in Austria
Imports of butter and other fats and oils derived from milk into Austria expanded sharply to 20K tons in 2022, increasing by 6.9% against the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of butter and other fats and oils derived from milk soared to $138M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +60.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Butter and Other Fats and Oils Derived from Milk in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 70.7 | 67.2 | 70.6 | 94.6 | 10.2% |
| Netherlands | 13.9 | 9.8 | 12.4 | 26.8 | 24.5% |
| Italy | 2.8 | 0.7 | 5.2 | 7.4 | 38.3% |
| Poland | 3.4 | 0.2 | 2.1 | 2.6 | -8.6% |
| Denmark | 2.1 | 1.3 | 0.4 | 1.5 | -10.6% |
| Belgium | 2.2 | 1.7 | 1.8 | 1.2 | -18.3% |
| Others | 6.7 | 5.2 | 4.8 | 4.0 | -15.8% |
| Total | 102 | 86.1 | 97.4 | 138 | 10.6% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Austria in 2022:
- Germany (13.6K tons)
- Netherlands (3.9K tons)
- Italy (1.1K tons)
- Poland (0.4K tons)
- Denmark (0.2K tons)
- Belgium (0.2K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Austria
In 2022, exports of butter and other fats and oils derived from milk from Austria fell to 4.6K tons, with a decrease of -5.3% on the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports attained the peak of 4.8K tons, and then shrank in the following year.
In value terms, exports of butter and other fats and oils derived from milk surged to $35M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.0% 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 +60.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Butter and Other Fats and Oils Derived from Milk in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.9 | 8.5 | 9.3 | 12.9 | 13.2% |
| Italy | 9.7 | 7.5 | 11.0 | 11.6 | 6.1% |
| Slovenia | 1.9 | 2.2 | 2.3 | 3.5 | 22.6% |
| Hungary | 1.7 | 2.0 | 2.2 | 2.6 | 15.2% |
| Romania | 0.1 | 0.1 | 1.9 | 1.4 | 141.0% |
| Croatia | 0.2 | 0.2 | 0.3 | 1.3 | 86.6% |
| Spain | 1.5 | 0.6 | 0.7 | 0.9 | -15.7% |
| Others | 1.2 | 1.1 | 0.9 | 1.3 | 2.7% |
| Total | 25.2 | 22.1 | 28.7 | 35.5 | 12.1% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Austria in 2022:
- Germany (1709.3 tons)
- Italy (1391.9 tons)
- Slovenia (447.3 tons)
- Hungary (341.6 tons)
- Croatia (200.8 tons)
- Romania (183.1 tons)
- Spain (110.7 tons)
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