Report Update: Nov 1, 2024

World - Butter - Market Analysis, Forecast, Size, Trends and Insights

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Butter market

Butter market: download the latest information secured by an Ai-driven BI tool. Datasets cover consumption, trade, imports, production, market size, companies, exports, and market prices. There is a breakdown by region, including Latin America, Africa, EU, the U.K., the Middle East, the U.S., China, and Russia. Market dynamics and forecast to 2030 are also provided in the reports.

Butter - World's Largest Markets

Rating	Country
1	United States
2	France
3	Germany
4	Russia
5	Iran

In value terms, the United States, France and Germany were the countries with the highest levels of market value in 2020, with a combined 35% share of the global market. These countries were followed by Russia, Iran, New Zealand, Turkey, the UK, Italy, China, Poland, Brazil and Canada, which together accounted for a further 32%.

Russia saw the highest growth rate of market size, among the main consuming countries over the period under review, while butter market for the other global leaders experienced more modest paces of growth.

Butter Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
United Kingdom	5318	4366	3591	-17.8%
Ireland	5935	4729	3827	-19.7%
Poland	5724	4564	3936	-17.1%
Netherlands	5589	4631	4048	-14.9%
Germany	5771	4631	4113	-15.6%
Finland	5303	5382	4189	-11.1%
New Zealand	5434	4684	4300	-11.0%
Belgium	6259	5024	4329	-16.8%
Belarus	4554	5618	4676	1.3%
Denmark	6717	5543	5341	-10.8%
France	6364	6251	5913	-3.6%
Average	5629	4853	4250	-13.1%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was France ($5,913 per ton), while the UK ($3,591 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belarus, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
United States	7220	6892	6702	-3.7%
China	6022	5310	5572	-3.8%
Australia	5466	4877	4665	-7.6%
Saudi Arabia	4390	4661	4555	1.9%
Russia	4686	5330	4460	-2.4%
Italy	6145	4761	4290	-16.4%
Germany	5714	4910	4055	-15.8%
Czech Republic	6008	4821	4033	-18.1%
France	6091	4741	4030	-18.7%
United Kingdom	5869	4713	3898	-18.5%
Belgium	5801	4465	3861	-18.4%
Netherlands	5033	4311	3794	-13.2%
Iran	5345	2277	2277	-34.7%
Average	5602	4805	4320	-12.2%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the United States ($6,702 per ton), while Iran ($2,277 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced a decline in the import price figures.

Butter - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
France	1.1	0.9	0.7	-19.3%
Germany	0.8	0.7	0.7	-6.9%
Netherlands	0.8	0.6	0.6	-17.9%
Russia	0.4	0.6	0.5	15.3%
China	0.5	0.3	0.4	-12.8%

In value terms, France ($721M), Germany ($686M) and the Netherlands ($569M) appeared to be the countries with the highest levels of imports in 2020, together comprising 30% of global imports. Russia, China, Belgium, the United States, the UK, Saudi Arabia, Australia, Italy, Iran and the Czech Republic lagged somewhat behind, together comprising a further 38%.

In terms of the main importing countries, Russia recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Butter - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Ireland	1.2	1.2	1.1	-5.9%
Netherlands	1.2	1.1	1	-8.6%
New Zealand	1.4	1.3	1	-16.3%
Germany	0.7	0.6	0.5	-9.1%
Belgium	0.7	0.6	0.5	-13.9%

In value terms, the largest butter supplying countries worldwide were Ireland ($1.1B), the Netherlands ($1B) and New Zealand ($1B), with a combined 49% share of global exports. Germany, Belgium, France, Belarus, Denmark, Poland, the UK and Finland lagged somewhat behind, together comprising a further 41%.

Finland saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Butter - Market Forecast

Driven by rising demand for butter worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Butter - Top Companies

Arla Foods A.m.b.a, NESTLE UK LTD., SPA CEVITAL, UNILEVER SANAYI VE TICARET TURK ANONIM SIRKETI, Soprole S.A., DAIRY CREST GROUP PLC, ORNUA FOODS UK LIMITED, NÖM AG, SUCESORES DE ALFREDO WILLINER S.A., Yingang Wood based Panel co. Ltd. CNSIC, Obersteirische Molkerei eGen, UNILEVER BCS UK LIMITED, THE TATUA CO-OPERATIVE DAIRY COMPANY LIMITED, GLANBIA CHEESE LIMITED, FLECHARD SAS LAITERIE DU PONT MORIN, SOCIETE BEURRIERE D'ISIGNY, Milchwerk Jäger GmbH, CANELIA PETIT FAYT BEURRE, Thise Mejeri A.M.B.A., Gay Lea Foods Co-Operative Limited

Butter - Product Coverage

HS 040510 - Dairy produce; derived from milk, butter

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global butter market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 886 - Butter of Cow Milk

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Company coverage:

Dairy Farmers of America, Inc., Tatura Milk Industries Limited, Westland Milk Products, Adams Foods Limited, Arla Foods, Fonterra, Glanbia, First Milk Ltd

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023