Price for Butter and Other Fats and Oils Derived from Milk in Indonesia - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Indonesia (CIF) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Indonesia (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Indonesia
- Exports of Butter and Other Fats and Oils Derived from Milk in Indonesia
Price for Butter and Other Fats and Oils Derived from Milk in Indonesia (CIF) - 2022
In March 2022, the average import price for butter and other fats and oils derived from milk amounted to $7,311 per ton, jumping by 19% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($11,508 per ton), while the price for Australia ($5,320 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by India (+4.5%), 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 Indonesia (FOB) - 2022
In March 2022, the average export price for butter and other fats and oils derived from milk amounted to $6,179 per ton, with an increase of 196% against the previous month. Over the period under review, the export price posted a buoyant expansion. The pace of growth appeared the most rapid in April 2021 when the average export price increased by 628% month-to-month. The export price peaked at $9,973 per ton in September 2021; however, from October 2021 to March 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In March 2022, the country with the highest price was Singapore ($10,022 per ton), while the average price for exports to Timor-Leste ($946 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Butter and Other Fats and Oils Derived from Milk in Indonesia
In 2022, imports of butter and other fats and oils derived from milk into Indonesia skyrocketed to 29K tons, rising by 43% on 2021. Overall, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of butter and other fats and oils derived from milk soared to $208M in 2022. Over the period under review, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Butter and Other Fats and Oils Derived from Milk in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 75.6 | 61.4 | 69.8 | 146 | 24.5% |
| Netherlands | 22.7 | 16.0 | 21.0 | 25.0 | 3.3% |
| India | 8.6 | 1.1 | 5.8 | 12.1 | 12.1% |
| Belgium | 23.7 | 7.0 | 14.3 | 8.7 | -28.4% |
| France | 7.8 | 6.3 | 5.4 | 8.1 | 1.3% |
| Denmark | 1.0 | 0.7 | 1.4 | 2.9 | 42.6% |
| Australia | 5.1 | 1.9 | 2.6 | 2.5 | -21.2% |
| Others | 1.7 | 0.1 | 0.1 | 2.5 | 13.7% |
| Total | 146 | 94.5 | 120 | 208 | 12.5% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Indonesia in 2022:
- New Zealand (21.5K tons)
- Netherlands (2.2K tons)
- India (1.9K tons)
- France (0.9K tons)
- Belgium (0.9K tons)
- Australia (0.4K tons)
- Denmark (0.4K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Indonesia
In 2022, approx. 481 tons of butter and other fats and oils derived from milk were exported from Indonesia; dropping by -25.2% compared with 2021. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 322% against the previous year.
In value terms, exports of butter and other fats and oils derived from milk declined sharply to $2.8M in 2022. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 601%. As a result, the exports attained the peak of $3.9M, and then contracted markedly in the following year.
| Export of Butter and Other Fats and Oils Derived from Milk in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 3,430 | 382 | 2,782 | 1,721 | -20.5% |
| India | N/A | N/A | N/A | 651 | 0% |
| Singapore | 170 | 120 | 1,063 | 223 | 9.5% |
| Timor-Leste | 17.1 | 20.3 | 53.8 | 94.1 | 76.5% |
| Others | 101 | 37.4 | 31.7 | 61.7 | -15.1% |
| Total | 3,718 | 560 | 3,930 | 2,751 | -9.6% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Indonesia in 2022:
- Philippines (258.4 tons)
- India (100.8 tons)
- Timor-Leste (87.7 tons)
- Singapore (14.4 tons)
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