Benelux: Butter Market 2024

Butter Market Size in Benelux

The Benelux butter market skyrocketed to $X in 2022, rising by 31% against the previous year. Overall, consumption saw a prominent expansion. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Butter Production in Benelux

In value terms, butter production declined to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.3% against 2019 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 52%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Butter Exports

Exports in Benelux

In 2022, shipments abroad of butter decreased by -9.6% to X tons for the first time since 2017, thus ending a four-year rising trend. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 18%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, butter exports soared to $X in 2022. Overall, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 48%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, the Netherlands (X tons) was the largest exporter of butter, making up 69% of total exports. It was distantly followed by Belgium (X tons), comprising a 30% share of total exports.

The Netherlands was also the fastest-growing in terms of the butter exports, with a CAGR of +3.7% from 2012 to 2022. At the same time, Belgium (+3.5%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest butter supplier in Benelux, comprising 67% of total exports. The second position in the ranking was held by Belgium ($X), with a 33% share of total exports.

In the Netherlands, butter exports expanded at an average annual rate of +8.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, jumping by 37% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter export price increased by +56.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 54% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.1%).

Butter Imports

Imports in Benelux

In 2022, purchases abroad of butter decreased by -7.3% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 14% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, butter imports skyrocketed to $X in 2022. Overall, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 55% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) represented the largest importer of butter, mixing up 65% of total imports. It was distantly followed by Belgium (X tons), generating a 34% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +6.6%).

In value terms, the largest butter importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

In terms of the main importing countries, the Netherlands, with a CAGR of +9.9%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, growing by 30% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter import price increased by +47.1% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 55% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.2%).

Source: IndexBox Platform