Price for Butter and Other Fats and Oils Derived from Milk in Egypt - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Egypt (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Egypt (FOB) - 2023
- Imports of Butter and Other Fats and Oils Derived from Milk in Egypt
- Exports of Butter and Other Fats and Oils Derived from Milk in Egypt
Price for Butter and Other Fats and Oils Derived from Milk in Egypt (CIF) - 2023
The average import price for butter and other fats and oils derived from milk stood at $6,351 per ton in September 2023, approximately reflecting the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 5.2% m-o-m. The import price peaked at $7,245 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were France ($6,983 per ton) and New Zealand ($6,531 per ton), while the price for the UK ($6,239 per ton) and Ireland ($6,239 per ton) were amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+1.7%), 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 Egypt (FOB) - 2023
In September 2023, the average export price for butter and other fats and oils derived from milk amounted to $7,328 per ton, approximately equating the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average export price increased by 1.1% month-to-month. Over the period under review, the average export prices attained the maximum at $7,537 per ton in November 2022; however, from December 2022 to September 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In September 2023, the highest price was recorded for prices to the United Arab Emirates ($7,410 per ton) and Lebanon ($7,410 per ton), while the average price for exports to the United States ($6,550 per ton) and Palestine ($7,410 per ton) were amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-0.2%), while the prices for the other major destinations experienced a decline.
Imports of Butter and Other Fats and Oils Derived from Milk in Egypt
In 2022, overseas purchases of butter and other fats and oils derived from milk decreased by -6.1% to 23K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, imports attained the peak of 33K 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 skyrocketed to $159M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. 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 Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 76.6 | 82.9 | 65.6 | 83.5 | 2.9% |
| Uruguay | N/A | 4.6 | 5.0 | 14.7 | 78.8% |
| Turkey | N/A | N/A | 3.7 | 13.4 | 262.2% |
| Ireland | 9.7 | 22.6 | 7.6 | 11.1 | 4.6% |
| Uganda | 2.4 | 6.6 | 6.6 | 8.8 | 54.2% |
| France | 7.1 | 8.3 | 6.8 | 7.1 | 0.0% |
| India | 28.0 | 7.2 | 1.3 | 6.4 | -38.9% |
| Denmark | 4.2 | 5.2 | 2.1 | 5.0 | 6.0% |
| Netherlands | 8.0 | 7.7 | 1.6 | 0.8 | -53.6% |
| United Kingdom | 2.4 | 3.4 | 3.4 | 0.8 | -30.7% |
| Belgium | 3.1 | 3.9 | 0.4 | 0.3 | -54.1% |
| Others | 1.8 | 2.8 | 20.9 | 6.7 | 55.0% |
| Total | 143 | 155 | 125 | 159 | 3.6% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Egypt in 2022:
- New Zealand (11.8K tons)
- Uruguay (2.2K tons)
- Turkey (2.0K tons)
- Ireland (1.6K tons)
- Uganda (1.2K tons)
- France (1.0K tons)
- India (0.9K tons)
- Denmark (0.7K tons)
- Netherlands (0.1K tons)
- United Kingdom (0.1K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Egypt
In 2022, the amount of butter and other fats and oils derived from milk exported from Egypt soared to 683 tons, increasing by 59% against the previous year's figure. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.1% against 2020 indices.
In value terms, exports of butter and other fats and oils derived from milk skyrocketed to $5M in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 110%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Butter and Other Fats and Oils Derived from Milk in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Palestine | 201 | 551 | 225 | 1,068 | 74.5% |
| Lebanon | 641 | 1,296 | 1,733 | 1,011 | 16.4% |
| Libya | 144 | 741 | 8.6 | 621 | 62.8% |
| United States | 168 | 369 | 274 | 576 | 50.8% |
| Iraq | N/A | N/A | N/A | 475 | 0% |
| Ethiopia | N/A | 76.3 | N/A | 332 | 108.6% |
| Jordan | N/A | 9.2 | 37.7 | 279 | 450.7% |
| United Arab Emirates | 378 | 271 | 108 | 148 | -26.8% |
| Syrian Arab Republic | 92.8 | N/A | N/A | 87.7 | -1.9% |
| Israel | 52.5 | N/A | N/A | N/A | 0% |
| Others | 113 | 453 | 125 | 413 | 54.0% |
| Total | 1,790 | 3,767 | 2,511 | 5,011 | 40.9% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Egypt in 2022:
- Palestine (141.6 tons)
- Lebanon (140.3 tons)
- Libya (86.1 tons)
- United States (80.0 tons)
- Iraq (64.1 tons)
- Ethiopia (44.1 tons)
- Jordan (38.7 tons)
- United Arab Emirates (19.7 tons)
- Syrian Arab Republic (11.6 tons)
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This report provides an in-depth analysis of the butter and ghee market in Egypt.
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This report provides an in-depth analysis of the ghee market in Egypt.
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This report provides an in-depth analysis of the butter market in Egypt.
773
This report provides an in-depth analysis of the dairy produce market in Egypt.
399
This report provides an in-depth analysis of the market for butter and dairy spreads in Egypt.
837
This report provides an in-depth analysis of the dairy spread market in Egypt.
2263
This report provides an in-depth analysis of the global butter and ghee market.
3038
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.
991
This report provides an in-depth analysis of the global dairy produce market.
8109
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.
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.
