Price for Butter and Other Fats and Oils Derived from Milk in Japan - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Japan (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Japan (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Japan
- Exports of Butter and Other Fats and Oils Derived from Milk in Japan
Price for Butter and Other Fats and Oils Derived from Milk in Japan (CIF) - 2023
In November 2023, the average import price for butter and other fats and oils derived from milk amounted to $6,146 per ton, falling by -8.5% against the previous month. Overall, the import price saw a slight curtailment. The growth pace was the most rapid in October 2023 an increase of 18% month-to-month. Over the period under review, average import prices hit record highs at $7,434 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($8,186 per ton), while the price for Belgium ($5,282 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 New Zealand (-1.4%), while the prices for the other major suppliers experienced a decline.
Price for Butter and Other Fats and Oils Derived from Milk in Japan (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $13,240 per ton in 2022, declining by -35.8% against the previous year. Over the period under review, the export price showed a deep downturn. The growth pace was the most rapid in 2015 an increase of 24%. The export price peaked at $23,935 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($22,839 per ton), while the average price for exports to China ($7,373 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 Singapore (-0.0%), while the prices for the other major destinations experienced a decline.
Imports of Butter and Other Fats and Oils Derived from Milk in Japan
In 2022, imports of butter and other fats and oils derived from milk into Japan fell sharply to 10K tons, waning by -15.9% against 2021. Over the period under review, imports continue to indicate a significant decline.
In value terms, imports of butter and other fats and oils derived from milk stood at $68M in 2022. Overall, imports saw a deep slump.
| Import of Butter and Other Fats and Oils Derived from Milk in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 67.6 | 48.1 | 37.9 | 39.1 | -16.7% |
| France | 14.2 | 17.1 | 14.4 | 17.8 | 7.8% |
| Germany | 11.1 | 4.2 | 1.3 | 3.1 | -34.6% |
| Netherlands | 20.9 | 9.7 | 4.6 | 2.9 | -48.2% |
| Belgium | 5.4 | 3.7 | 1.4 | 2.7 | -20.6% |
| United States | 5.4 | 1.7 | 0.6 | 0.7 | -49.4% |
| Australia | 2.0 | 1.0 | 0.4 | 0.7 | -29.5% |
| Others | 5.9 | 5.1 | 2.2 | 1.3 | -39.6% |
| Total | 132 | 90.5 | 62.8 | 68.2 | -19.8% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Japan in 2022:
- New Zealand (6.4K tons)
- France (2.1K tons)
- Netherlands (0.4K tons)
- Germany (0.3K tons)
- Belgium (0.3K tons)
- Australia (0.2K tons)
- United States (0.1K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Japan
For the fourth year in a row, Japan recorded growth in overseas shipments of butter and other fats and oils derived from milk, which increased by 13% to 24 tons in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 166% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of butter and other fats and oils derived from milk contracted dramatically to $311K in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 161% against the previous year. As a result, the exports reached the peak of $429K, and then dropped significantly in the following year.
| Export of Butter and Other Fats and Oils Derived from Milk in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 71.4 | 77.3 | 102 | 113 | 16.5% |
| Singapore | 1.9 | 8.0 | 82.9 | 53.2 | 203.7% |
| United States | 13.0 | 13.1 | 26.7 | 48.3 | 54.9% |
| Thailand | 34.2 | 40.6 | 65.8 | 41.7 | 6.8% |
| China | N/A | N/A | N/A | 27.4 | 0% |
| Hong Kong SAR | 14.1 | 25.6 | 114 | 20.3 | 12.9% |
| South Korea | N/A | N/A | 35.6 | 7.1 | -80.1% |
| Others | N/A | N/A | 1.9 | N/A | 0% |
| Total | 135 | 165 | 429 | 311 | 32.1% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Japan in 2022:
- Taiwan (Chinese) (6.8 tons)
- United States (5.0 tons)
- Singapore (3.9 tons)
- China (3.7 tons)
- Thailand (2.9 tons)
- Hong Kong SAR (0.9 tons)
- South Korea (0.3 tons)
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This report provides an in-depth analysis of the butter and ghee market in Japan.
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This report provides an in-depth analysis of the ghee market in Japan.
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This report provides an in-depth analysis of the butter market in Japan.
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This report provides an in-depth analysis of the dairy produce market in Japan.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Japan.
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This report provides an in-depth analysis of the dairy spread market in Japan.
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.
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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
257
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.
