Price for Butter and Other Fats and Oils Derived from Milk in the United Arab Emirates - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in the United Arab Emirates (CIF) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in the United Arab Emirates (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in the United Arab Emirates
- Exports of Butter and Other Fats and Oils Derived from Milk in the United Arab Emirates
Price for Butter and Other Fats and Oils Derived from Milk in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for butter and other fats and oils derived from milk amounted to $5,648 per ton, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($8,067 per ton), while the price for Australia ($2,374 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+6.5%), 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 United Arab Emirates (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $2,868 per ton in 2022, dropping by -17.2% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 decreased by -42.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 182% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,974 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($8,196 per ton), while the average price for exports to Tanzania ($257 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 Saudi Arabia (+18.5%), 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 the United Arab Emirates
In 2022, overseas purchases of butter and other fats and oils derived from milk were finally on the rise to reach 33K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a pronounced contraction.
In value terms, imports of butter and other fats and oils derived from milk surged to $185M in 2022. Overall, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 63.1 | 22.4 | 26.8 | 49.9 | -7.5% |
| India | 25.8 | 26.7 | 30.5 | 38.3 | 14.1% |
| Denmark | 17.1 | 17.4 | 17.2 | 23.4 | 11.0% |
| France | 9.9 | 6.4 | 10.0 | 16.8 | 19.3% |
| Saudi Arabia | 13.2 | 14.8 | 13.6 | 16.7 | 8.2% |
| Malaysia | 3.7 | 3.9 | 2.5 | 7.0 | 23.7% |
| Netherlands | 7.0 | 6.0 | 6.9 | 5.1 | -10.0% |
| Iran | N/A | N/A | 0.4 | 4.9 | 1125.0% |
| Germany | 25.2 | 2.6 | 0.7 | 4.5 | -43.7% |
| Australia | N/A | 0.3 | N/A | 3.8 | 255.9% |
| Belgium | 5.1 | 2.5 | 2.2 | 2.7 | -19.1% |
| Others | 9.1 | 14.1 | 2.7 | 11.9 | 9.4% |
| Total | 179 | 117 | 114 | 185 | 1.1% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to the United Arab Emirates in 2022:
- New Zealand (8.0K tons)
- India (6.1K tons)
- Saudi Arabia (3.6K tons)
- Denmark (3.4K tons)
- France (2.1K tons)
- Iran (1.7K tons)
- Malaysia (1.7K tons)
- Australia (1.6K tons)
- Germany (1.3K tons)
- Netherlands (0.6K tons)
- Belgium (0.4K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in the United Arab Emirates
In 2022, overseas shipments of butter and other fats and oils derived from milk were finally on the rise to reach 7K tons after two years of decline. Overall, exports, however, continue to indicate a precipitous decline.
In value terms, exports of butter and other fats and oils derived from milk surged to $20M in 2022. In general, exports, however, faced a sharp setback.
| Export of Butter and Other Fats and Oils Derived from Milk in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 12.2 | 4.0 | 2.7 | 3.1 | -36.7% |
| Saudi Arabia | 3.6 | 1.5 | 1.4 | 2.0 | -17.8% |
| Yemen | N/A | N/A | N/A | 2.0 | 0% |
| Kuwait | 0.3 | 0.7 | 1.4 | 1.8 | 81.7% |
| Syrian Arab Republic | N/A | N/A | N/A | 1.5 | 0% |
| Maldives | 1.8 | N/A | 2.0 | 1.4 | -8.0% |
| Jordan | 0.2 | 0.3 | 0.2 | 1.4 | 91.3% |
| Iraq | N/A | N/A | N/A | 0.9 | 0% |
| Tanzania | 0.1 | 0.1 | 0.1 | 0.7 | 91.3% |
| Congo | N/A | N/A | N/A | 0.1 | 0% |
| Iran | 87.6 | 11.8 | N/A | N/A | -86.5% |
| Others | 1.2 | 1.1 | 1.4 | 5.2 | 63.0% |
| Total | 107 | 19.4 | 9.3 | 20.1 | -42.7% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from the United Arab Emirates in 2022:
- Tanzania (2644.7 tons)
- Kuwait (717.8 tons)
- Oman (454.0 tons)
- Yemen (422.5 tons)
- Congo (347.7 tons)
- Jordan (316.6 tons)
- Saudi Arabia (288.2 tons)
- Syrian Arab Republic (267.6 tons)
- Maldives (175.1 tons)
- Iraq (152.1 tons)
- Iran (4.0 tons)
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This report provides an in-depth analysis of the butter and ghee market in the United Arab Emirates.
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This report provides an in-depth analysis of the ghee market in the United Arab Emirates.
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This report provides an in-depth analysis of the butter market in the United Arab Emirates.
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This report provides an in-depth analysis of the dairy produce market in the United Arab Emirates.
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This report provides an in-depth analysis of the market for butter and dairy spreads in the United Arab Emirates.
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This report provides an in-depth analysis of the dairy spread market in the United Arab Emirates.
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This report provides an in-depth analysis of the global butter and ghee market.
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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
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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.
