Price for Butter and Other Fats and Oils Derived from Milk in Poland - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Poland (FOB) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Poland (CIF) - 2023
- Exports of Butter and Other Fats and Oils Derived from Milk in Poland
- Imports of Butter and Other Fats and Oils Derived from Milk in Poland
Price for Butter and Other Fats and Oils Derived from Milk in Poland (FOB) - 2023
In November 2023, the average export price for butter and other fats and oils derived from milk amounted to $6,660 per ton, rising by 7.2% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 9.5% against the previous month. The export price peaked at $7,000 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Chile ($7,880 per ton), while the average price for exports to Tunisia ($4,580 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Butter and Other Fats and Oils Derived from Milk in Poland (CIF) - 2023
In November 2023, the average import price for butter and other fats and oils derived from milk amounted to $6,161 per ton, dropping by -4% against the previous month. In general, the import price saw a slight downturn. The most prominent rate of growth was recorded in August 2023 an increase of 30% month-to-month. The import price peaked at $7,837 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From November 2022 to November 2023, the rate of growth in terms of prices for Ukraine amounted to +2.5% per month.
Exports of Butter and Other Fats and Oils Derived from Milk in Poland
In 2022, exports of butter and other fats and oils derived from milk from Poland skyrocketed to 74K tons, jumping by 50% compared with the year before. The total export volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, 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.
In value terms, exports of butter and other fats and oils derived from milk soared to $497M in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Butter and Other Fats and Oils Derived from Milk in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 50.8 | 42.7 | 60.0 | 93.6 | 22.6% |
| Netherlands | 26.5 | 20.5 | 16.9 | 67.2 | 36.4% |
| France | 16.2 | 5.9 | 8.2 | 64.2 | 58.2% |
| Germany | 28.2 | 13.8 | 14.0 | 43.8 | 15.8% |
| Romania | 20.7 | 23.5 | 25.5 | 39.3 | 23.8% |
| Slovakia | 21.6 | 20.1 | 24.8 | 30.3 | 11.9% |
| Lithuania | 16.3 | 16.3 | 17.0 | 27.8 | 19.5% |
| Belgium | 3.0 | 2.9 | 2.3 | 21.5 | 92.8% |
| Latvia | 10.3 | 8.5 | 13.7 | 19.9 | 24.5% |
| Italy | 7.6 | 6.1 | 8.7 | 11.2 | 13.8% |
| Hungary | 7.1 | 4.9 | 5.9 | 9.3 | 9.4% |
| Serbia | 10.0 | 3.9 | 7.5 | 8.2 | -6.4% |
| United Kingdom | 6.6 | 6.5 | 7.0 | 7.5 | 4.4% |
| Others | 39.7 | 55.5 | 37.0 | 53.0 | 10.1% |
| Total | 264 | 231 | 248 | 497 | 23.5% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Poland in 2022:
- Czech Republic (13.5K tons)
- Netherlands (9.8K tons)
- France (9.5K tons)
- Germany (7.6K tons)
- Romania (5.8K tons)
- Slovakia (4.4K tons)
- Lithuania (4.0K tons)
- Belgium (3.4K tons)
- Latvia (3.2K tons)
- Italy (1.7K tons)
- Serbia (1.5K tons)
- Hungary (1.3K tons)
- United Kingdom (1.0K tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Poland
In 2022, after three years of growth, there was decline in purchases abroad of butter and other fats and oils derived from milk, when their volume decreased by -4.9% to 31K tons. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +19.6% 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 +71.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. As a result, imports attained the peak of 32K tons, and then declined modestly in the following year.
In value terms, imports of butter and other fats and oils derived from milk skyrocketed to $182M in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Butter and Other Fats and Oils Derived from Milk in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 30.5 | 29.6 | 38.6 | 38.5 | 8.1% |
| Netherlands | 35.3 | 23.1 | 40.9 | 36.6 | 1.2% |
| Ukraine | 0.9 | N/A | 0.2 | 33.4 | 233.6% |
| Belgium | 3.5 | 4.7 | 16.3 | 27.5 | 98.8% |
| Ireland | 6.7 | 7.2 | 10.2 | 10.4 | 15.8% |
| Finland | 2.6 | 4.6 | 9.9 | 9.3 | 52.9% |
| Denmark | 4.3 | 5.2 | 8.3 | 7.2 | 18.7% |
| United Kingdom | 5.4 | 8.4 | 3.2 | 0.5 | -54.8% |
| Others | 8.8 | 13.4 | 27.0 | 18.9 | 29.0% |
| Total | 97.9 | 96.2 | 155 | 182 | 23.0% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Poland in 2022:
- Belgium (7.4K tons)
- Ukraine (5.4K tons)
- Germany (5.4K tons)
- Netherlands (5.3K tons)
- Finland (1.6K tons)
- Ireland (1.6K tons)
- Denmark (1.3K tons)
- United Kingdom (0.1K tons)
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In January 2023, the growth rate of Butter And Ghee exports was the most rapid, experiencing a remarkable increase of 104% compared to the previous month. However, in September 2023, the value of butter and ghee exports notably declined to $23M.
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