CIS: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in CIS

The CIS butter and dairy spreads market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Butter And Dairy Spreads in CIS

In value terms, butter and dairy spreads production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 27% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Belarus (X tons) remains the largest butter and dairy spreads producing country in the CIS, comprising approx. 94% of total volume. Moreover, butter and dairy spreads production in Belarus exceeded the figures recorded by the second-largest producer, Kyrgyzstan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in Belarus was relatively modest.

Exports of Butter And Dairy Spreads

Exports in CIS

Butter and dairy spreads exports amounted to X tons in 2022, remaining constant against the year before. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 29% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, butter and dairy spreads exports skyrocketed to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 28%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Belarus prevails in exports structure, finishing at X tons, which was approx. 83% of total exports in 2022. It was distantly followed by Kyrgyzstan (X tons), mixing up a 4.7% share of total exports. The following exporters - Russia (X tons), Kazakhstan (X tons) and Armenia (X tons) - together made up 11% of total exports.

Belarus experienced a relatively flat trend pattern with regard to volume of exports of butter and dairy spreads. At the same time, Armenia (+62.9%), Kazakhstan (+43.7%) and Kyrgyzstan (+18.3%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +62.9% from 2012-2022. Russia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Kyrgyzstan, Kazakhstan and Armenia increased by +3.7, +3.6 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest butter and dairy spreads supplier in the CIS, comprising 86% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 4.3% share of total exports. It was followed by Armenia, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value in Belarus totaled +5.3%. In the other countries, the average annual rates were as follows: Kazakhstan (+48.6% per year) and Armenia (+62.8% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, rising by 18% against the previous year. Export price indicated temperate growth 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 and dairy spreads export price increased by +9.5% against 2019 indices. The growth pace was the most rapid in 2013 when the export price increased by 44% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+5.2%), while the other leaders experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports in CIS

In 2022, the amount of butter and dairy spreads imported in the CIS expanded slightly to X tons, growing by 4.9% compared with the year before. The total import volume increased at an average annual rate of +1.4% over the period 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 2019 when imports increased by 27%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, butter and dairy spreads imports rose sharply to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value 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, imports increased by +4.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 42%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia was the main importer of butter and dairy spreads in the CIS, with the volume of imports resulting at X tons, which was approx. 78% of total imports in 2022. Azerbaijan (X tons) ranks second in terms of the total imports with an 11% share, followed by Kazakhstan (4.8%). Armenia (X tons) and Moldova (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of butter and dairy spreads. At the same time, Moldova (+18.2%) and Azerbaijan (+11.0%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in the CIS, with a CAGR of +18.2% from 2012-2022. By contrast, Armenia (-2.0%) and Kazakhstan (-3.2%) illustrated a downward trend over the same period. Azerbaijan (+6.8 p.p.) and Moldova (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan and Russia saw its share reduced by -2.9% and -5.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported butter and dairy spreads in the CIS, comprising 74% of total imports. The second position in the ranking was held by Azerbaijan ($X), with a 14% share of total imports. It was followed by Kazakhstan, with a 5.2% share.

In Russia, butter and dairy spreads imports increased at an average annual rate of +2.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Azerbaijan (+16.6% per year) and Kazakhstan (+0.2% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2017 an increase of 38%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Armenia ($X per ton) and Azerbaijan ($X per ton), while Russia ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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