Portugal: Butter And Ghee Market 2024

Butter And Ghee Market Size in Portugal

After three years of decline, the Portuguese butter and ghee market increased by X% to $X in 2022. In general, consumption saw buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Butter And Ghee Production in Portugal

In value terms, butter and ghee production reduced to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Butter And Ghee Exports

Exports from Portugal

In 2022, exports of butter and ghee from Portugal fell dramatically to X tons, which is down by X% against the previous year. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, butter and ghee exports declined sharply to $X in 2022. Overall, exports showed a perceptible downturn. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Spain (X tons) and the Netherlands (X tons) were the main destinations of butter and ghee exports from Portugal, together accounting for X% of total exports. Morocco, Saudi Arabia, Angola, Cuba, Belgium and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for butter and ghee exported from Portugal were France ($X), the Netherlands ($X) and Spain ($X), together accounting for X% of total exports. Morocco, Saudi Arabia, Angola, Cuba, Germany and Belgium lagged somewhat behind, together comprising a further X%.

Cuba, with a CAGR of X%, saw the highest growth rate of 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 butter and ghee export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated strong 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. Based on 2022 figures, butter and ghee export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Belgium ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Portugal

In 2022, overseas purchases of butter and ghee increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, butter and ghee imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest butter and ghee supplier to Portugal, accounting for a X% share of total imports. Moreover, butter and ghee imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by France (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and France (X% per year).

In value terms, Spain ($X), Belgium ($X) and France ($X) were the largest butter and ghee suppliers to Portugal, together comprising X% of total imports. Germany, Finland and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Finland, 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 average butter and ghee import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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