EU: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in the EU

In 2022, the EU butter and dairy spreads market increased by 30% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Production of Butter And Dairy Spreads in the EU

In value terms, butter and dairy spreads production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 29%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The country with the largest volume of butter and dairy spreads production was Ireland (X tons), comprising approx. 48% of total volume. Moreover, butter and dairy spreads production in Ireland exceeded the figures recorded by the second-largest producer, the Netherlands (X tons), threefold. Poland (X tons) ranked third in terms of total production with a 9.3% share.

In Ireland, butter and dairy spreads production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the Netherlands (+0.4% per year) and Poland (-0.1% per year).

Exports of Butter And Dairy Spreads

Exports in the EU

In 2022, shipments abroad of butter and dairy spreads decreased by -7.5% 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 +3.1% 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 was the most pronounced in 2015 when exports increased by 10%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, butter and dairy spreads exports surged to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.1% 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 +48.4% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 47%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tons) and Ireland (X tons) represented the main exporters of butter and dairy spreads in 2022, recording near 25% and 23% of total exports, respectively. It was distantly followed by Germany (X tons), Belgium (X tons), France (X tons), Poland (X tons) and Denmark (X tons), together achieving a 44% 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 Poland (with a CAGR of +9.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest butter and dairy spreads supplying countries in the European Union were Ireland ($X), the Netherlands ($X) and Germany ($X), with a combined 59% share of total exports. Belgium, France, Poland and Denmark lagged somewhat behind, together accounting for a further 33%.

In terms of the main exporting countries, Poland, with a CAGR of +15.7%, recorded the highest rates of growth with regard to 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

The export price in the European Union stood at $X per ton in 2022, jumping by 38% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 +59.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 48% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in France ($X per ton) and Ireland ($X per ton), while the Netherlands ($X per ton) and Denmark ($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 (+6.6%), while the other leaders experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports in the EU

In 2022, after ten years of growth, there was significant decline in supplies from abroad of butter and dairy spreads, when their volume decreased by -5.8% to X tons. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 7.9%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, butter and dairy spreads imports soared to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +51.3% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 54%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The purchases of the four major importers of butter and dairy spreads, namely France, the Netherlands, Germany and Belgium, represented more than two-thirds of total import. Italy (X tons), Spain (X tons), the Czech Republic (X tons), Poland (X tons), Austria (X tons), Romania (X tons) and Slovakia (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +14.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest butter and dairy spreads importing markets in the European Union were France ($X), the Netherlands ($X) and Germany ($X), with a combined 59% share of total imports. Belgium, Italy, Spain, the Czech Republic, Austria, Poland, Romania and Slovakia lagged somewhat behind, together comprising a further 31%.

In terms of the main importing countries, Romania, with a CAGR of +20.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, surging by 34% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 import price increased by +53.0% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 51% against the previous year. Over the period under review, import prices attained the maximum 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 Austria ($X per ton) and the Czech Republic ($X per ton), while the Netherlands ($X per ton) and Spain ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :