Price for Butter and Other Fats and Oils Derived from Milk in Venezuela - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Venezuela (FOB) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Venezuela (CIF) - 2022
- Exports of Butter and Other Fats and Oils Derived from Milk in Venezuela
- Imports of Butter and Other Fats and Oils Derived from Milk in Venezuela
Price for Butter and Other Fats and Oils Derived from Milk in Venezuela (FOB) - 2022
In 2022, the average export price for butter and other fats and oils derived from milk amounted to $2,482 per ton, declining by -6.2% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2021 an increase of 22%. The export price peaked at $5,454 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($2,552 per ton), while the average price for exports to Aruba stood at $1,249 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+6.4%).
Price for Butter and Other Fats and Oils Derived from Milk in Venezuela (CIF) - 2022
In 2022, the average import price for butter and other fats and oils derived from milk amounted to $5,926 per ton, rising by 12% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 decreased by -12.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 31%. As a result, import price reached the peak level of $6,799 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
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 New Zealand ($6,186 per ton), while the price for Chile ($2,466 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 (+4.7%), while the prices for the other major suppliers experienced a decline.
Exports of Butter and Other Fats and Oils Derived from Milk in Venezuela
In 2022, shipments abroad of butter and other fats and oils derived from milk decreased by -24.2% to 93 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 94% against the previous year. As a result, the exports reached the peak of 122 tons, and then fell dramatically in the following year.
In value terms, exports of butter and other fats and oils derived from milk declined dramatically to $230K in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 137% against the previous year. As a result, the exports reached the peak of $323K, and then declined significantly in the following year.
| Export of Butter and Other Fats and Oils Derived from Milk in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 67.6 | 126 | 313 | 224 | 49.1% |
| Aruba | 2.7 | 10.2 | 9.6 | 6.2 | 31.9% |
| Others | 4.3 | N/A | N/A | N/A | 0% |
| Total | 74.6 | 137 | 323 | 230 | 45.5% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Venezuela in 2022:
- Peru (87.7 tons)
- Aruba (4.9 tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Venezuela
In 2022, the amount of butter and other fats and oils derived from milk imported into Venezuela dropped to 32 tons, with a decrease of -11.9% compared with the previous year. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when imports increased by 32%.
In value terms, imports of butter and other fats and oils derived from milk shrank slightly to $191K in 2022. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 3.2% against the previous year.
| Import of Butter and Other Fats and Oils Derived from Milk in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 192 | 174 | 182 | 182 | -1.8% |
| Argentina | 7.0 | 5.2 | 4.5 | 3.7 | -19.1% |
| Others | 15.5 | 9.2 | 7.3 | 5.8 | -27.9% |
| Total | 215 | 188 | 194 | 191 | -3.9% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Venezuela in 2022:
- New Zealand (29.4 tons)
- Argentina (0.9 tons)
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