Latin America and the Caribbean: Butter And Ghee Market 2025

Butter And Ghee Market Size in Latin America and the Caribbean

The Latin American butter and ghee market reduced to $X in 2022, dropping by X% against the previous year. In general, consumption enjoyed resilient growth. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Butter And Ghee Production in Latin America and the Caribbean

In value terms, butter and ghee production expanded notably to $X in 2022 estimated in export price. The total production indicated a measured expansion 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Butter And Ghee Exports

Exports in Latin America and the Caribbean

In 2022, the amount of butter and ghee exported in Latin America and the Caribbean skyrocketed to X tons, increasing by X% against the previous year. Overall, exports, however, saw a perceptible reduction. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, butter and ghee exports surged to $X in 2022. Total exports indicated a measured expansion 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) and Uruguay (X tons) dominates exports structure, together committing X% of total exports. The following exporters - Chile (X tons), Paraguay (X tons), Costa Rica (X tons), Honduras (X tons) and Brazil (X tons) - together made up X% 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 Paraguay (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Uruguay ($X) and Chile ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Costa Rica, Paraguay, Brazil and Honduras lagged somewhat behind, together accounting for a further X%.

Paraguay, with a CAGR of X%, saw the highest rates of growth with regard to 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 Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Export price indicated measured growth 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. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; afterwards, it flattened through to 2022.

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

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

Butter And Ghee Imports

Imports in Latin America and the Caribbean

In 2022, the amount of butter and ghee imported in Latin America and the Caribbean reached X tons, with an increase of X% on 2021. Over the period under review, imports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, butter and ghee imports surged to $X in 2022. Overall, imports continue to indicate a slight increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons), Peru (X tons), Brazil (X tons) and Chile (X tons) represented the key importer of butter and ghee in Latin America and the Caribbean, achieving X% of total import. Panama (X tons) held the next position in the ranking, followed by Cuba (X tons). All these countries together took near X% share of total imports. Guatemala (X tons), Jamaica (X tons), the Dominican Republic (X tons), Uruguay (X tons), Costa Rica (X tons), Trinidad and Tobago (X tons) and Bahamas (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Panama (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butter and ghee importing markets in Latin America and the Caribbean were Mexico ($X), Peru ($X) and Brazil ($X), with a combined X% share of total imports. Chile, Panama, Jamaica, the Dominican Republic, Guatemala, Cuba, Trinidad and Tobago, Costa Rica, Uruguay and Bahamas lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Panama, with a CAGR of X%, 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 Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Trinidad and Tobago ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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