Eastern Europe: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Eastern Europe

The East European butter and dairy spreads market fell to $X in 2022, reducing by -6.6% against the previous year. The total consumption indicated a slight expansion from 2012 to 2022: its value 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, consumption increased by +46.6% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Butter And Dairy Spreads in Eastern Europe

In value terms, butter and dairy spreads production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 27%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Belarus (X tons), Poland (X tons) and Ukraine (X tons), with a combined 91% share of total production. Lithuania and Estonia lagged somewhat behind, together comprising a further 7.1%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +0.0%), while production for the other leaders experienced a decline in the production figures.

Exports of Butter And Dairy Spreads

Exports in Eastern Europe

In 2022, approx. X tons of butter and dairy spreads were exported in Eastern Europe; with an increase of 15% against the previous year's figure. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, butter and dairy spreads exports soared to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 53%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Belarus (X tons) and Poland (X tons) dominates exports structure, together generating 83% of total exports. It was distantly followed by Ukraine (X tons), comprising a 7.4% share of total exports. The following exporters - Russia (X tons), Lithuania (X tons) and the Czech Republic (X tons) - each resulted at a 6.3% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ukraine (with a CAGR of +35.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest butter and dairy spreads supplying countries in Eastern Europe were Belarus ($X), Poland ($X) and Ukraine ($X), together comprising 91% of total exports.

Among the main exporting countries, Ukraine, with a CAGR of +39.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, jumping by 26% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +46.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by 42% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.1%), while the other leaders experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports in Eastern Europe

In 2022, purchases abroad of butter and dairy spreads decreased by -3.2% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 22%. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, butter and dairy spreads imports rose rapidly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +114.9% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 42%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Russia (X tons) represented the major importer of butter and dairy spreads, generating 54% of total imports. The Czech Republic (X tons) took the second position in the ranking, followed by Poland (X tons), Romania (X tons) and Slovakia (X tons). All these countries together held near 33% share of total imports. The following importers - Bulgaria (X tons) and Hungary (X tons) - together made up 6.3% of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of butter and dairy spreads. At the same time, Romania (+14.9%), Poland (+8.5%), Bulgaria (+5.2%), Slovakia (+4.8%), Hungary (+2.0%) and the Czech Republic (+1.5%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +14.9% from 2012-2022. From 2012 to 2022, the share of Romania and Poland increased by +5.3 and +3.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported butter and dairy spreads in Eastern Europe, comprising 45% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 13% share of total imports. It was followed by Poland, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at +2.5%. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (+6.6% per year) and Poland (+11.9% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, rising by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2017 when the import price increased by 47%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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