Turkmenistan: Butter Market 2020

Butter Market Size in Turkmenistan

The revenue of the butter market in Turkmenistan amounted to $X in 2018, remaining stable against the previous year. Over the period under review, butter consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Turkmenistan butter consumption peaked at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Butter Production in Turkmenistan

In value terms, butter production stood at $X in 2018 estimated in export prices. In general, butter production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when production volume increased by X% y-o-y. In that year, butter production reached its peak level of $X, leveling off in the following year.

Butter Exports

Exports from Turkmenistan

In 2018, approx. X tons of butter were exported from Turkmenistan; growing by X% against the previous year. In general, butter exports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, butter exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, butter exports totaled $X in 2018. Over the period under review, butter exports continue to indicate outstanding growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, butter exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

The countries with the highest levels of butter exports in 2018 were New Zealand (X tons), the Netherlands (X tons) and Ireland (X tons), together accounting for X% of total export. Germany (X tons) took the next position in the ranking, followed by Belgium (X tons), Belarus (X tons) and France (X tons). All these countries together occupied near X% share of total exports. Poland (X tons), Denmark (X tons), the UK (X tons), Finland (X tons) and Ukraine (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Turkmenistan, while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Ireland ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Belgium, Germany, France, Belarus, Denmark, Poland, the UK, Finland, Ukraine and Turkmenistan, which together accounted for a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the butter export price in Turkmenistan amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the butter export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. In that year, the export prices for butter attained their peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Denmark ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by New Zealand, while the other leaders experienced more modest paces of growth.

Butter Imports

Imports into Turkmenistan

Butter imports into Turkmenistan totaled X tons in 2018, rising by X% against the previous year. Over the period under review, butter imports continue to indicate modest growth. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. In that year, butter imports reached their peak of X tons. From 2015 to 2018, the growth of butter imports failed to regain its momentum.

In value terms, butter imports totaled $X in 2018. Over the period under review, butter imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, butter imports attained their maximum at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), the Netherlands (X tons), Germany (X tons), Belgium (X tons), Russia (X tons), the UK (X tons) and China (X tons) represented roughly X% of total imports of butter in 2018. The following importers - the U.S. (X tons), Saudi Arabia (X tons), Indonesia (X tons), Italy (X tons) and Australia (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest butter importing markets into Turkmenistan were France ($X), the Netherlands ($X) and Germany ($X), together accounting for X% of total imports. Russia, Belgium, the UK, China, the U.S., Italy, Australia, Saudi Arabia, Indonesia and Turkmenistan lagged somewhat behind, together comprising a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the butter import price in Turkmenistan amounted to $X per ton, coming down by -X% against the previous year. Over the period under review, the butter import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. Turkmenistan import price peaked at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform