Price for Butter and Other Fats and Oils Derived from Milk in Colombia - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Colombia (FOB) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Colombia (CIF) - 2022
- Exports of Butter and Other Fats and Oils Derived from Milk in Colombia
- Imports of Butter and Other Fats and Oils Derived from Milk in Colombia
Price for Butter and Other Fats and Oils Derived from Milk in Colombia (FOB) - 2022
In 2022, the average export price for butter and other fats and oils derived from milk amounted to $5,534 per ton, jumping by 44% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 the United States ($5,935 per ton), while the average price for exports to Venezuela ($1,485 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 the United States (+2.7%), while the prices for the other major destinations experienced a decline.
Price for Butter and Other Fats and Oils Derived from Milk in Colombia (CIF) - 2022
The average import price for butter and other fats and oils derived from milk stood at $4,343 per ton in 2022, surging by 5.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 73%. As a result, import price reached the peak level of $6,563 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
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 the Netherlands ($7,821 per ton), while the price for the United States ($2,235 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+72.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Butter and Other Fats and Oils Derived from Milk in Colombia
In 2022, shipments abroad of butter and other fats and oils derived from milk decreased by -80.7% to 208 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 256% against the previous year. As a result, the exports reached the peak of 1.1K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of butter and other fats and oils derived from milk shrank sharply to $1.2M in 2022. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 163% against the previous year.
| Export of Butter and Other Fats and Oils Derived from Milk in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 0.1 | 0.9 | 1.1 | 30.1% |
| Ecuador | N/A | N/A | N/A | 0.1 | 0% |
| Russia | 0.7 | 3.6 | 3.2 | N/A | 113.8% |
| Peru | 0.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.4 | 3.7 | 4.2 | 1.2 | -5.0% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Colombia in 2022:
- United States (177.2 tons)
- Ecuador (28.0 tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Colombia
In 2022, overseas purchases of butter and other fats and oils derived from milk were finally on the rise to reach 87 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a dramatic descent.
In value terms, imports of butter and other fats and oils derived from milk soared to $380K in 2022. Over the period under review, imports, however, saw a abrupt decrease.
| Import of Butter and Other Fats and Oils Derived from Milk in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | 95.0 | 187 | 258 | 64.8% |
| United States | 471 | 106 | 55.6 | 97.8 | -40.8% |
| Netherlands | 0.6 | 15.1 | 6.5 | 15.4 | 195.0% |
| Others | 4.2 | 35.2 | 14.1 | 8.9 | 28.4% |
| Total | 476 | 251 | 263 | 380 | -7.2% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Colombia in 2022:
- United States (43.8 tons)
- Brazil (40.6 tons)
- Netherlands (2.0 tons)
568
This report provides an in-depth analysis of the butter and ghee market in Colombia.
455
This report provides an in-depth analysis of the ghee market in Colombia.
656
This report provides an in-depth analysis of the butter market in Colombia.
453
This report provides an in-depth analysis of the dairy produce market in Colombia.
415
This report provides an in-depth analysis of the market for butter and dairy spreads in Colombia.
421
This report provides an in-depth analysis of the dairy spread market in Colombia.
2263
This report provides an in-depth analysis of the global butter and ghee market.
3037
This report provides an in-depth analysis of the global ghee market.
3404
This report provides an in-depth analysis of the global butter market.
990
This report provides an in-depth analysis of the global dairy produce market.
8108
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
3002
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
6411
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
6841
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.
1066
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2830
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.
1856
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
1614
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
256
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.
980
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.
