United Kingdom: Market for Butter And Dairy Spreads 2025

Market Size for Butter And Dairy Spreads in the UK

The UK butter and dairy spreads market surged to $X in 2022, jumping by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a deep slump. Butter and dairy spreads consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Butter And Dairy Spreads

Exports from the UK

In 2022, overseas shipments of butter and dairy spreads decreased by -4.6% to X tons, falling for the third year in a row after two years of growth. Overall, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 -25.9% against 2019 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 45% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, butter and dairy spreads exports skyrocketed to $X in 2022. In general, exports, however, posted a strong expansion. The growth pace was the most rapid in 2013 when exports increased by 42% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for butter and dairy spreads exports from the UK, accounting for a 11% share of total exports. Moreover, butter and dairy spreads exports to the Netherlands exceeded the volume sent to the second major destination, Ireland (X tons), twofold. France (X tons) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-11.4% per year) and France (-7.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for butter and dairy spreads exports from the UK, comprising 11% of total exports. The second position in the ranking was held by Ireland ($X), with a 4.2% share of total exports. It was followed by South Korea, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-7.7% per year) and South Korea (+18.2% per year).

Export Prices by Country

In 2022, the average butter and dairy spreads export price amounted to $X per ton, increasing by 38% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads export price increased by +70.2% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 63% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to France ($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 Spain (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into the UK

In 2022, the amount of butter and dairy spreads imported into the UK shrank modestly to X tons, with a decrease of -4.5% on the previous year's figure. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 7.9% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, butter and dairy spreads imports skyrocketed to $X in 2022. Overall, imports showed a pronounced downturn. The growth pace was the most rapid in 2017 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ireland (X tons) constituted the largest butter and dairy spreads supplier to the UK, with a 65% share of total imports. Moreover, butter and dairy spreads imports from Ireland exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Denmark (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland totaled -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.3% per year) and Denmark (-8.9% per year).

In value terms, Ireland ($X) constituted the largest supplier of butter and dairy spreads to the UK, comprising 65% of total imports. The second position in the ranking was held by France ($X), with a 16% share of total imports. It was followed by Denmark, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Ireland amounted to -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.5% per year) and Denmark (-11.8% per year).

Import Prices by Country

The average butter and dairy spreads import price stood at $X per ton in 2022, picking up by 28% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads import price increased by +62.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 36%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Germany ($X per ton), while the price for Denmark ($X per ton) and Ireland ($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 Netherlands (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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