Price for Butter and Other Fats and Oils Derived from Milk in Brazil - 2024
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Brazil (CIF) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Brazil (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Brazil
- Exports of Butter and Other Fats and Oils Derived from Milk in Brazil
Price for Butter and Other Fats and Oils Derived from Milk in Brazil (CIF) - 2022
In 2022, the average import price for butter and other fats and oils derived from milk amounted to $6,098 per ton, jumping by 24% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average import price increased by 45% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($8,329 per ton) and New Zealand ($7,113 per ton), while the price for Argentina ($5,689 per ton) and Uruguay ($5,890 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Butter and Other Fats and Oils Derived from Milk in Brazil (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $5,007 per ton in 2022, picking up by 18% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of 43%. Over the period under review, the average export prices hit record highs at $5,663 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
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 Bahrain ($14,573 per ton), while the average price for exports to Uruguay ($4,676 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 Egypt (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Butter and Other Fats and Oils Derived from Milk in Brazil
In 2022, the amount of butter and other fats and oils derived from milk imported into Brazil contracted markedly to 5.1K tons, with a decrease of -15.8% compared with the previous year's figure. Over the period under review, imports, however, recorded mild growth. The pace of growth was the most pronounced in 2021 with an increase of 156% against the previous year. As a result, imports attained the peak of 6K tons, and then dropped dramatically in the following year.
In value terms, imports of butter and other fats and oils derived from milk expanded to $31M in 2022. In general, imports, however, continue to indicate a notable expansion. The pace of growth was the most pronounced in 2021 when imports increased by 138% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Butter and Other Fats and Oils Derived from Milk in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 16.7 | 7.6 | 20.7 | 17.0 | 0.6% |
| Uruguay | 0.6 | 0.8 | 5.2 | 6.4 | 120.1% |
| New Zealand | 5.5 | 1.0 | 1.0 | 4.3 | -7.9% |
| France | 3.5 | 2.8 | 2.4 | 3.0 | -5.0% |
| Others | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
| Total | 26.8 | 12.4 | 29.6 | 30.8 | 4.7% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Brazil in 2022:
- Argentina (3.0K tons)
- Uruguay (1.1K tons)
- New Zealand (0.6K tons)
- France (0.4K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Brazil
Exports of butter and other fats and oils derived from milk from Brazil soared to 1K tons in 2022, increasing by 79% on 2021. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of butter and other fats and oils derived from milk soared to $5.2M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Butter and Other Fats and Oils Derived from Milk in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 1,265 | 377 | 889 | 3,394 | 39.0% |
| Chile | 0.1 | 450 | 787 | 851 | 1941.6% |
| Colombia | 0.1 | 95.0 | 187 | 201 | 1162.0% |
| United States | 84.7 | 109 | 125 | 190 | 30.9% |
| Argentina | 37.2 | 51.7 | 159 | 120 | 47.8% |
| Paraguay | 209 | 40.7 | 49.3 | 43.3 | -40.8% |
| Others | 272 | 312 | 264 | 395 | 13.2% |
| Total | 1,867 | 1,436 | 2,460 | 5,193 | 40.6% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Brazil in 2022:
- Uruguay (725.8 tons)
- Chile (168.0 tons)
- Colombia (40.6 tons)
- United States (26.4 tons)
- Argentina (22.9 tons)
- Paraguay (8.4 tons)
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This report provides an in-depth analysis of the butter and ghee market in Brazil.
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This report provides an in-depth analysis of the ghee market in Brazil.
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This report provides an in-depth analysis of the butter market in Brazil.
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This report provides an in-depth analysis of the dairy produce market in Brazil.
423
This report provides an in-depth analysis of the market for butter and dairy spreads in Brazil.
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This report provides an in-depth analysis of the dairy spread market in Brazil.
2263
This report provides an in-depth analysis of the global butter and ghee market.
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This report provides an in-depth analysis of the global ghee market.
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This report provides an in-depth analysis of the global butter market.
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This report provides an in-depth analysis of the global dairy produce market.
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Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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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.
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The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
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The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
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New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
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New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
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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.
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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.
