Price for Butter and Other Fats and Oils Derived from Milk in the Czech Republic - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in the Czech Republic (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in the Czech Republic (FOB) - 2023
- Imports of Butter and Other Fats and Oils Derived from Milk in the Czech Republic
- Exports of Butter and Other Fats and Oils Derived from Milk in the Czech Republic
Price for Butter and Other Fats and Oils Derived from Milk in the Czech Republic (CIF) - 2023
In November 2023, the average import price for butter and other fats and oils derived from milk amounted to $6,942 per ton, surging by 7.3% against the previous month. In general, the import price, however, saw a mild contraction. The most prominent rate of growth was recorded in October 2023 an increase of 8.3% month-to-month. The import price peaked at $8,032 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 Italy ($9,602 per ton), while the price for Slovakia ($3,921 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 Ireland (+2.7%), 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 the Czech Republic (FOB) - 2023
The average export price for butter and other fats and oils derived from milk stood at $6,083 per ton in November 2023, surging by 8.6% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 8.7% m-o-m. Over the period under review, the average export prices attained the peak figure at $6,608 per ton in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In November 2023, the highest price was recorded for prices to Hungary ($6,998 per ton) and Poland ($6,842 per ton), while the average price for exports to Italy ($6,052 per ton) and Slovakia ($6,113 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Butter and Other Fats and Oils Derived from Milk in the Czech Republic
In 2022, overseas purchases of butter and other fats and oils derived from milk decreased by -5.8% to 24K tons, falling for the second year in a row after two years of growth. In general, imports saw a mild setback. The pace of growth appeared the most rapid in 2020 when imports increased by 8.2%. As a result, imports attained the peak of 27K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of butter and other fats and oils derived from milk surged to $165M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +54.3% against 2020 indices. 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 the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 51.7 | 42.8 | 57.5 | 87.2 | 19.0% |
| Germany | 28.6 | 35.9 | 43.4 | 32.2 | 4.0% |
| Slovakia | 18.8 | 11.8 | 11.7 | 19.2 | 0.7% |
| Belgium | 12.3 | 8.2 | 8.8 | 15.4 | 7.8% |
| Netherlands | 1.9 | 3.1 | 4.6 | 5.4 | 41.6% |
| France | 0.9 | 3.1 | 1.4 | 2.6 | 42.4% |
| Others | 1.9 | 2.3 | 2.7 | 3.2 | 19.0% |
| Total | 116 | 107 | 130 | 165 | 12.5% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to the Czech Republic in 2022:
- Poland (11.6K tons)
- Germany (4.6K tons)
- Slovakia (4.1K tons)
- Belgium (2.6K tons)
- Netherlands (0.7K tons)
- France (0.4K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in the Czech Republic
Exports of butter and other fats and oils derived from milk from the Czech Republic skyrocketed to 3.6K tons in 2022, growing by 39% compared with 2021. Overall, total exports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.9% against 2020 indices. 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 $24M in 2022. In general, exports saw strong growth. 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 the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.7 | 2.9 | 5.1 | 7.7 | 17.9% |
| Slovakia | 13.0 | 4.3 | 5.8 | 6.0 | -22.7% |
| Romania | N/A | 0.2 | N/A | 3.1 | 293.7% |
| Poland | 1.0 | N/A | 0.1 | 2.8 | 40.9% |
| Hungary | 0.5 | 0.8 | 0.8 | 1.9 | 56.0% |
| Lithuania | 0.2 | 0.5 | 0.7 | 0.6 | 44.2% |
| Spain | 0.4 | 0.2 | 0.1 | 0.5 | 7.7% |
| Others | 0.8 | 0.8 | 1.0 | 1.9 | 33.4% |
| Total | 20.5 | 9.7 | 13.6 | 24.4 | 6.0% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from the Czech Republic in 2022:
- Italy (1136.5 tons)
- Slovakia (930.7 tons)
- Poland (436.1 tons)
- Romania (406.2 tons)
- Hungary (266.2 tons)
- Lithuania (83.3 tons)
- Spain (82.9 tons)
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This report provides an in-depth analysis of the butter and ghee market in the Czech Republic.
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This report provides an in-depth analysis of the ghee market in the Czech Republic.
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This report provides an in-depth analysis of the butter market in the Czech Republic.
568
This report provides an in-depth analysis of the dairy produce market in the Czech Republic.
541
This report provides an in-depth analysis of the market for butter and dairy spreads in the Czech Republic.
605
This report provides an in-depth analysis of the dairy spread market in the Czech Republic.
2266
This report provides an in-depth analysis of the global butter and ghee market.
3041
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.
991
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.
1067
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.
1856
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
1614
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
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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.
