Price for Butter and Other Fats and Oils Derived from Milk in Kazakhstan - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Kazakhstan (CIF) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Kazakhstan (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Kazakhstan
- Exports of Butter and Other Fats and Oils Derived from Milk in Kazakhstan
Price for Butter and Other Fats and Oils Derived from Milk in Kazakhstan (CIF) - 2022
The average import price for butter and other fats and oils derived from milk stood at $5,094 per ton in 2022, surging by 13% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for butter and other fats and oils derived from milk increased by +30.5% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 25%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 France ($7,009 per ton), while the price for Kyrgyzstan ($3,036 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+5.6%), 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 Kazakhstan (FOB) - 2022
In 2022, the average export price for butter and other fats and oils derived from milk amounted to $6,762 per ton, picking up by 50% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 +71.0% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mongolia ($8,750 per ton), while the average price for exports to Kyrgyzstan ($4,150 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 Tajikistan (+10.5%), 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 Kazakhstan
In 2022, the amount of butter and other fats and oils derived from milk imported into Kazakhstan surged to 7.8K tons, picking up by 49% against the previous year's figure. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.0% against 2019 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 surged to $40M in 2022. Overall, imports recorded a significant increase. 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 Kazakhstan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 0.8 | 5.4 | 4.6 | 12.5 | 150.0% |
| Russia | 3.5 | 4.9 | 4.7 | 9.4 | 39.0% |
| France | 4.2 | 5.3 | 4.0 | 5.5 | 9.4% |
| Kyrgyzstan | 2.1 | 4.2 | 1.9 | 4.3 | 27.0% |
| Ukraine | 4.7 | 4.2 | 6.0 | 3.7 | -7.7% |
| Iran | N/A | N/A | 0.1 | 2.7 | 2600.0% |
| Lithuania | 3.5 | 0.4 | 0.1 | 0.1 | -69.4% |
| Australia | 1.2 | 0.5 | 1.5 | 0.1 | -56.3% |
| Others | 0.7 | 3.2 | 0.7 | 1.6 | 31.7% |
| Total | 20.7 | 28.1 | 23.5 | 39.8 | 24.3% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Kazakhstan in 2022:
- Russia (1954.1 tons)
- Belarus (1901.6 tons)
- Kyrgyzstan (1417.4 tons)
- France (788.2 tons)
- Iran (787.0 tons)
- Ukraine (614.5 tons)
- Australia (47.8 tons)
- Lithuania (12.4 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Kazakhstan
Exports of butter and other fats and oils derived from milk from Kazakhstan contracted sharply to 3.8K tons in 2022, with a decrease of -16.7% compared with 2021. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 182% against the previous year. As a result, the exports attained the peak of 4.6K tons, and then declined rapidly in the following year.
In value terms, exports of butter and other fats and oils derived from milk skyrocketed to $26M in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 221% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Butter and Other Fats and Oils Derived from Milk in Kazakhstan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 11.7 | 5.4 | 18.2 | 25.6 | 29.8% |
| Kyrgyzstan | 1.5 | 0.4 | 1.9 | 0.2 | -48.9% |
| Others | 0.5 | 0.6 | 0.5 | N/A | 0.0% |
| Total | 13.7 | 6.4 | 20.6 | 25.8 | 23.5% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Kazakhstan in 2022:
- Russia (3.8K tons)
715
This report provides an in-depth analysis of the butter and ghee market in Kazakhstan.
528
This report provides an in-depth analysis of the ghee market in Kazakhstan.
905
This report provides an in-depth analysis of the butter market in Kazakhstan.
501
This report provides an in-depth analysis of the dairy produce market in Kazakhstan.
551
This report provides an in-depth analysis of the market for butter and dairy spreads in Kazakhstan.
402
This report provides an in-depth analysis of the dairy spread market in Kazakhstan.
2292
This report provides an in-depth analysis of the global butter and ghee market.
3075
This report provides an in-depth analysis of the global ghee market.
3425
This report provides an in-depth analysis of the global butter market.
1004
This report provides an in-depth analysis of the global dairy produce market.
8161
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
3015
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
6431
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
6855
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.
1077
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2840
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.
1863
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
1623
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
55
Explore the top import markets for butter in the world based on data from IndexBox platform. Learn about the countries importing the most butter and the trends driving global butter trade.
268
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.
