Price for Butter and Other Fats and Oils Derived from Milk in Germany - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Germany (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Germany (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Germany
- Exports of Butter and Other Fats and Oils Derived from Milk in Germany
Price for Butter and Other Fats and Oils Derived from Milk in Germany (CIF) - 2023
In November 2023, the average import price for butter and other fats and oils derived from milk amounted to $5,713 per ton, declining by -4.4% against the previous month. Over the period under review, the import price saw a mild downturn. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 5.9% against the previous month. Over the period under review, average import prices attained the maximum at $7,185 per ton in January 2023; however, from February 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($15,476 per ton), while the price for the UK ($6,635 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Serbia (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Butter and Other Fats and Oils Derived from Milk in Germany (FOB) - 2022
In 2022, the average export price for butter and other fats and oils derived from milk amounted to $6,873 per ton, with an increase of 35% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for butter and other fats and oils derived from milk increased by +60.7% against 2020 indices. The growth pace was the most rapid in 2017 when the average export price increased by 51%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($7,778 per ton) and Slovakia ($7,522 per ton), while the average price for exports to the Netherlands ($6,036 per ton) and Denmark ($6,432 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+7.0%), 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 Germany
In 2022, overseas purchases of butter and other fats and oils derived from milk decreased by -16.6% to 170K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 15%.
In value terms, imports of butter and other fats and oils derived from milk expanded rapidly to $1.1B in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Butter and Other Fats and Oils Derived from Milk in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 278 | 455 | 548 | 708 | 36.6% |
| Ireland | 341 | 164 | 220 | 174 | -20.1% |
| Belgium | 70.5 | 60.3 | 62.0 | 58.5 | -6.0% |
| Poland | 24.5 | 15.1 | 14.3 | 39.3 | 17.1% |
| Denmark | 27.1 | 29.0 | 29.5 | 32.5 | 6.2% |
| France | 28.4 | 29.5 | 29.3 | 17.9 | -14.3% |
| Italy | 32.4 | 26.3 | 13.4 | 12.6 | -27.0% |
| Others | 28.3 | 18.8 | 24.2 | 32.2 | 4.4% |
| Total | 830 | 798 | 940 | 1,075 | 9.0% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Germany in 2022:
- Netherlands (114.2K tons)
- Ireland (28.3K tons)
- Belgium (8.3K tons)
- Poland (6.4K tons)
- Denmark (5.1K tons)
- France (2.4K tons)
- Italy (1.8K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Germany
For the third consecutive year, Germany recorded decline in overseas shipments of butter and other fats and oils derived from milk, which decreased by -6.7% to 146K tons in 2022. In general, exports recorded a pronounced slump. The smallest decline of less than 0.1% was in 2021.
In value terms, exports of butter and other fats and oils derived from milk surged to $1B in 2022. The total export value increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Butter and Other Fats and Oils Derived from Milk in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 183 | 158 | 204 | 280 | 15.2% |
| Austria | 77.8 | 68.9 | 76.5 | 103 | 9.8% |
| France | 97.7 | 62.0 | 61.1 | 97.5 | -0.1% |
| Italy | 49.4 | 39.6 | 58.8 | 69.9 | 12.3% |
| Poland | 43.1 | 43.7 | 47.7 | 60.7 | 12.1% |
| Belgium | 57.9 | 46.5 | 46.3 | 56.4 | -0.9% |
| Slovakia | 37.2 | 34.1 | 39.6 | 49.0 | 9.6% |
| Czech Republic | 26.6 | 35.6 | 44.1 | 32.4 | 6.8% |
| Bulgaria | 22.0 | 23.8 | 28.5 | 31.9 | 13.2% |
| Denmark | 18.1 | 11.4 | 17.5 | 27.4 | 14.8% |
| Spain | 20.0 | 21.1 | 23.9 | 26.8 | 10.2% |
| Romania | 10.8 | 11.8 | 18.6 | 19.3 | 21.4% |
| Others | 144 | 112 | 132 | 149 | 1.1% |
| Total | 788 | 669 | 799 | 1,003 | 8.4% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Germany in 2022:
- Netherlands (46.4K tons)
- France (14.1K tons)
- Austria (13.9K tons)
- Italy (9.0K tons)
- Poland (8.5K tons)
- Belgium (7.7K tons)
- Slovakia (6.5K tons)
- Bulgaria (4.5K tons)
- Czech Republic (4.4K tons)
- Denmark (4.3K tons)
- Spain (3.7K tons)
- Romania (2.7K tons)
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