Price for Butter and Other Fats and Oils Derived from Milk in Bolivia - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Bolivia (FOB) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Bolivia (CIF) - 2022
- Exports of Butter and Other Fats and Oils Derived from Milk in Bolivia
- Imports of Butter and Other Fats and Oils Derived from Milk in Bolivia
Price for Butter and Other Fats and Oils Derived from Milk in Bolivia (FOB) - 2023
The average export price for butter and other fats and oils derived from milk stood at $6,391 per ton in October 2023, reducing by -4.3% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 6% m-o-m. As a result, the export price reached the peak level of $6,794 per ton. From April 2023 to October 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Peru.
From December 2022 to October 2023, the rate of growth in terms of prices for Peru amounted to -0.4% per month.
Price for Butter and Other Fats and Oils Derived from Milk in Bolivia (CIF) - 2022
In 2022, the average import price for butter and other fats and oils derived from milk amounted to $6,648 per ton, rising by 77% against the previous year. Over the period under review, the import price posted resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($6,691 per ton), while the price for Paraguay ($6,690 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Butter and Other Fats and Oils Derived from Milk in Bolivia
In 2022, after three years of growth, there was significant decline in shipments abroad of butter and other fats and oils derived from milk, when their volume decreased by -11.7% to 173 tons. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 91%.
In value terms, exports of butter and other fats and oils derived from milk amounted to $1.3M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.3% 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 +69.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 33%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Butter and Other Fats and Oils Derived from Milk in Bolivia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 0.7 | 1.0 | 1.2 | 1.3 | 22.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.7 | 1.0 | 1.2 | 1.3 | 22.9% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Bolivia in 2022:
- Peru (173.2 tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Bolivia
In 2022, purchases abroad of butter and other fats and oils derived from milk decreased by -58.4% to 68 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 69%. As a result, imports attained the peak of 197 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of butter and other fats and oils derived from milk declined rapidly to $452K in 2022. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 118%. As a result, imports reached the peak of $706K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Butter and Other Fats and Oils Derived from Milk in Bolivia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 298 | 333 | 329 | 326 | 3.0% |
| Argentina | 22.8 | 67.2 | 180 | 72.4 | 47.0% |
| United States | 1.8 | 2.1 | 0.5 | 53.5 | 209.8% |
| Uruguay | N/A | 304 | 101 | N/A | -66.8% |
| Others | 0.9 | 0.1 | 3.7 | 0.3 | -30.7% |
| Total | 323 | 706 | 614 | 452 | 11.9% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Bolivia in 2022:
- Paraguay (48.7 tons)
- Argentina (10.8 tons)
- United States (8.0 tons)
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