Tunisia: Butter And Ghee Market 2024

Butter And Ghee Market Size in Tunisia

The Tunisian butter and ghee market contracted slightly to $X in 2022, declining by X% against the previous year. Overall, consumption, however, recorded a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Butter And Ghee Production in Tunisia

In value terms, butter and ghee production soared to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The growth pace was the most rapid in 2020 when the production volume increased by X,400% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Butter And Ghee Exports

Exports from Tunisia

After four years of decline, shipments abroad of butter and ghee decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined significantly in the following year.

In value terms, butter and ghee exports plummeted to $X in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined markedly in the following year.

Exports by Country

Morocco (X tons) was the main destination for butter and ghee exports from Tunisia, accounting for a X% share of total exports. Moreover, butter and ghee exports to Morocco exceeded the volume sent to the second major destination, Libya (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Morocco totaled X%.

In value terms, Morocco ($X) remains the key foreign market for butter and ghee exports from Tunisia, comprising X% of total exports. The second position in the ranking was held by Libya ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Morocco stood at X%.

Export Prices by Country

In 2022, the average butter and ghee export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price posted strong growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to Libya amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (X%).

Butter And Ghee Imports

Imports into Tunisia

In 2022, imports of butter and ghee into Tunisia skyrocketed to X tons, surging by X% compared with 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, butter and ghee imports surged to $X in 2022. Overall, imports posted a measured increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of butter and ghee to Tunisia, with a X% share of total imports. Moreover, butter and ghee imports from Argentina exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Norway (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Norway (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of butter and ghee to Tunisia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Norway, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Norway (X% per year).

Import Prices by Country

In 2022, the average butter and ghee import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a moderate expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Italy ($X per ton), while the price for Turkey ($X per ton) and Argentina ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform