Overview of the Global Market for Butter And Dairy Spreads

Market Size for Butter And Dairy Spreads

The global butter and dairy spreads market stood at $X in 2022, with an increase of 12% against the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs in 2022 and is likely to continue growth in the near future.

Production of Butter And Dairy Spreads

In value terms, butter and dairy spreads production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 27% against the previous year. Over the period under review, global production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were New Zealand (X tons), Ireland (X tons) and the Netherlands (X tons), with a combined 62% share of global production.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +5.4%), while production for the other global leaders experienced more modest paces of growth.

Exports of Butter And Dairy Spreads

Exports

In 2022, the amount of butter and dairy spreads exported worldwide expanded remarkably to X tons, increasing by 8.4% compared with 2021 figures. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, butter and dairy spreads exports soared to $X in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 45%. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, New Zealand (X tons), distantly followed by the Netherlands (X tons), Ireland (X tons), Germany (X tons), Belgium (X tons), Belarus (X tons) and France (X tons) represented the main exporters of butter and dairy spreads, together creating 74% of total exports. Poland (X tons), the United States (X tons), Denmark (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +9.2%), while the other global leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Ireland ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022, together comprising 52% of global exports. Germany, Belgium, France, Belarus, Poland, Denmark, the United States and the UK lagged somewhat behind, together accounting for a further 37%.

Poland, with a CAGR of +15.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average butter and dairy spreads export price amounted to $X per ton, with an increase of 29% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 +47.2% against 2020 indices. The growth pace was the most rapid in 2017 when the average export price increased by 48%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.6%), while the other global leaders experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports

After four years of growth, purchases abroad of butter and dairy spreads decreased by -0.9% to X tons in 2022. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 9.3%. Global imports peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, butter and dairy spreads imports soared to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 38% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

France (X tons), the Netherlands (X tons), Germany (X tons), Russia (X tons), China (X tons) and Belgium (X tons) represented roughly 50% of total imports in 2022. The United States (X tons), the UK (X tons), Saudi Arabia (X tons), Italy (X tons), Spain (X tons), Australia (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +19.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest butter and dairy spreads importing markets worldwide were France ($X), the Netherlands ($X) and Germany ($X), together comprising 31% of global imports. China, Belgium, Russia, the United States, the UK, Italy, South Korea, Australia, Spain and Saudi Arabia lagged somewhat behind, together comprising a further 36%.

In terms of the main importing countries, the United States, with a CAGR of +26.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average butter and dairy spreads import price stood at $X per ton in 2022, rising by 25% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +39.5% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 43% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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