Eastern Europe: Butter And Ghee Market 2024

Butter And Ghee Market Size in Eastern Europe

After three years of growth, the East European butter and ghee market decreased by X% to $X in 2022. Overall, consumption, however, saw a relatively flat trend pattern. 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.

Butter And Ghee Production in Eastern Europe

In value terms, butter and ghee production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Butter And Ghee Exports

Exports in Eastern Europe

In 2022, approx. X tons of butter and ghee were exported in Eastern Europe; with an increase of X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% over the period 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 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, butter and ghee exports surged to $X in 2022. Over the period under review, exports recorded buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Belarus (X tons) and Poland (X tons) dominates exports structure, together mixing up X% of total exports. It was distantly followed by Ukraine (X tons), making up a X% share of total exports. The following exporters - Lithuania (X tons), Russia (X tons) and the Czech Republic (X tons) - each recorded a X% share of total exports.

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

In value terms, Belarus ($X), Poland ($X) and Ukraine ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Ukraine, with a CAGR of X%, recorded 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 leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Export price indicated a resilient 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 export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 (X%), while the other leaders experienced more modest paces of growth.

Butter And Ghee Imports

Imports in Eastern Europe

In 2022, overseas purchases of butter and ghee decreased by X% 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 X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, butter and ghee imports amounted to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value 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 increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X tons) represented the major importer of butter and ghee, creating X% of total imports. Poland (X tons) ranks second in terms of the total imports with a X% share, followed by the Czech Republic (X%), Romania (X%) and Slovakia (X%). Bulgaria (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to butter and ghee imports into Russia stood at X%. At the same time, Romania (X%), Lithuania (X%), Poland (X%), Bulgaria (X%), Slovakia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Poland (X p.p.), Romania (X p.p.), Lithuania (X p.p.) and Slovakia (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a tangible 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 pace of growth was the most pronounced in 2017 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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