Ireland: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Ireland

The Irish buttermilk and buttermilk powder market fell dramatically to $X in 2022, with a decrease of -21.2% against the previous year. In general, consumption saw a noticeable downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Buttermilk And Buttermilk Powder in Ireland

In value terms, buttermilk and buttermilk powder production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 85% against the previous year. Buttermilk and buttermilk powder production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from Ireland

Buttermilk and buttermilk powder exports from Ireland contracted to X tons in 2022, shrinking by -8.4% against the previous year. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 77% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, buttermilk and buttermilk powder exports surged to $X in 2022. Overall, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 91% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The Philippines (X tons), the UK (X tons) and Saudi Arabia (X tons) were the main destinations of buttermilk and buttermilk powder exports from Ireland, together accounting for 48% of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +31.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for buttermilk and buttermilk powder exported from Ireland were the Philippines ($X), Saudi Arabia ($X) and Peru ($X), with a combined 50% share of total exports.

Saudi Arabia, with a CAGR of +35.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average buttermilk and buttermilk powder export price amounted to $X per ton, jumping by 29% against the previous year. Over the period under review, export price indicated perceptible growth 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, buttermilk and buttermilk powder export price increased by +136.9% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of 29%. Over the period under review, the average 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 for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into Ireland

For the third consecutive year, Ireland recorded decline in supplies from abroad of buttermilk and buttermilk powder, which decreased by 0% to X tons in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 93% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, buttermilk and buttermilk powder imports amounted to $X in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of 46% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the UK (X tons) was the main buttermilk and buttermilk powder supplier to Ireland, accounting for a 90% share of total imports. Moreover, buttermilk and buttermilk powder imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.2% per year) and France (+22.2% per year).

In value terms, the UK ($X) constituted the largest supplier of buttermilk and buttermilk powder to Ireland, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by France, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.2% per year) and France (+15.0% per year).

Import Prices by Country

The average buttermilk and buttermilk powder import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price showed a perceptible descent. The growth pace was the most rapid in 2014 when the average import price increased by 35%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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