Price for Butter and Other Fats and Oils Derived from Milk in Paraguay - 2024
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Paraguay (FOB) - 2024
- Price for Butter and Other Fats and Oils Derived from Milk in Paraguay (CIF) - 2022
- Exports of Butter and Other Fats and Oils Derived from Milk in Paraguay
- Imports of Butter and Other Fats and Oils Derived from Milk in Paraguay
Price for Butter and Other Fats and Oils Derived from Milk in Paraguay (FOB) - 2024
In December 2023, the average export price for butter and other fats and oils derived from milk amounted to $4,215 per ton, reducing by -1.9% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in February 2023 an increase of 25% against the previous month. Over the period under review, the average export prices reached the peak figure at $4,627 per ton in April 2023; however, from May 2023 to December 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In December 2023, the country with the highest price was Georgia ($4,360 per ton), while the average price for exports to Bolivia amounted to $3,600 per ton.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (0.0%), while the prices for the other major destinations experienced a decline.
Price for Butter and Other Fats and Oils Derived from Milk in Paraguay (CIF) - 2022
The average import price for butter and other fats and oils derived from milk stood at $5,029 per ton in 2022, standing approx. at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 30%. As a result, import price reached the peak level of $5,670 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
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 the Netherlands ($8,722 per ton), while the price for Russia ($4,450 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Butter and Other Fats and Oils Derived from Milk in Paraguay
In 2022, the amount of butter and other fats and oils derived from milk exported from Paraguay skyrocketed to 1.3K tons, with an increase of 22% compared with the year before. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 81% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of butter and other fats and oils derived from milk surged to $6.2M in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 49% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Butter and Other Fats and Oils Derived from Milk in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | N/A | 0.1 | 1.5 | 5.0 | 607.1% |
| Saudi Arabia | N/A | N/A | N/A | 0.5 | 0% |
| Syrian Arab Republic | N/A | N/A | N/A | 0.5 | 0% |
| Bolivia | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Russia | 1.7 | 2.5 | 2.1 | N/A | 11.1% |
| Others | 0.1 | N/A | 0.4 | N/A | 100.0% |
| Total | 2.1 | 2.9 | 4.4 | 6.2 | 43.5% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Paraguay in 2022:
- Georgia (1025.0 tons)
- Saudi Arabia (100.0 tons)
- Syrian Arab Republic (100.0 tons)
- Bolivia (87.2 tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Paraguay
In 2022, imports of butter and other fats and oils derived from milk into Paraguay skyrocketed to 137 tons, growing by 93% on 2021. Overall, imports saw a significant expansion. 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 $688K in 2022. Over the period under review, imports posted a significant 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 Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 320 | 364 | 299 | 400 | 7.7% |
| Russia | N/A | N/A | N/A | 223 | 0% |
| Brazil | 1.8 | 45.3 | 55.7 | 46.0 | 194.6% |
| Netherlands | N/A | N/A | N/A | 20.1 | 0% |
| Others | 36.0 | 8.3 | 3.4 | N/A | -69.3% |
| Total | 358 | 418 | 358 | 688 | 24.3% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Paraguay in 2022:
- Argentina (76.2 tons)
- Russia (50.0 tons)
- Brazil (8.4 tons)
- Netherlands (2.3 tons)
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