Australia: Butter And Ghee Market 2024

Butter And Ghee Market Size in Australia

The Australian butter and ghee market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption showed a significant increase. Butter and ghee consumption peaked in 2022 and is expected to retain growth in the immediate term.

Butter And Ghee Production in Australia

In value terms, butter and ghee production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Butter and ghee production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Butter And Ghee Exports

Exports from Australia

In 2022, approx. X tons of butter and ghee were exported from Australia; which is down by X% compared with the year before. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, butter and ghee exports plummeted to $X in 2022. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons), Thailand (X tons) and China (X tons) were the main destinations of butter and ghee exports from Australia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), South Korea ($X) and China ($X) were the largest markets for butter and ghee exported from Australia worldwide, together accounting for X% of total exports.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average butter and ghee export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and ghee export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Japan ($X 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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Australia

In 2022, imports of butter and ghee into Australia was estimated at X tons, with an increase of X% on the previous year's figure. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, butter and ghee imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of butter and ghee to Australia, with a X% share of total imports. Moreover, butter and ghee imports from New Zealand exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and India (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of butter and ghee to Australia, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and India (X% per year).

Import Prices by Country

The average butter and ghee import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and ghee import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Denmark ($X per ton), while the price for New Zealand ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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