Scandinavia: Butter And Ghee Market 2024

Butter And Ghee Market Size in Scandinavia

The Scandinavia butter and ghee market expanded rapidly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a buoyant 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Butter And Ghee Production in Scandinavia

In value terms, butter and ghee production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a slight decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Butter And Ghee Exports

Exports in Scandinavia

In 2022, butter and ghee exports in Scandinavia declined to X tons, falling by X% compared with the previous year. Total exports indicated a moderate increase from 2012 to 2022: its volume 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, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, butter and ghee exports surged to $X in 2022. The total export value increased at an average annual rate of X% 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 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Finland dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Sweden (X tons), generating a X% share of total exports. Norway (X tons) followed a long way behind the leaders.

Exports from Finland increased at an average annual rate of X% from 2012 to 2022. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. Sweden experienced a relatively flat trend pattern. While the share of Norway (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) remains the largest butter and ghee supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Finland totaled X%. In the other countries, the average annual rates were as follows: Sweden (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced mixed trends in the export price figures.

Butter And Ghee Imports

Imports in Scandinavia

In 2022, the amount of butter and ghee imported in Scandinavia dropped to X tons, with a decrease of X% on the year before. Overall, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, butter and ghee imports reached $X in 2022. In general, imports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Sweden dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Finland (X tons), creating a X% share of total imports. Norway (X tons) held a minor share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of butter and ghee. Finland (X%) and Norway (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Norway (X p.p.) and Finland (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported butter and ghee in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform