Price for Butter and Other Fats and Oils Derived from Milk in Argentina - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Argentina (FOB) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Argentina (CIF) - 2022
- Exports of Butter and Other Fats and Oils Derived from Milk in Argentina
- Imports of Butter and Other Fats and Oils Derived from Milk in Argentina
Price for Butter and Other Fats and Oils Derived from Milk in Argentina (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $5,230 per ton in 2022, jumping by 28% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2017 an increase of 41%. As a result, the export price reached the peak level of $5,503 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Algeria ($6,141 per ton) and Mexico ($6,102 per ton), while the average price for exports to Bahrain ($4,670 per ton) and Tunisia ($5,046 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Butter and Other Fats and Oils Derived from Milk in Argentina (CIF) - 2022
In 2022, the average import price for butter and other fats and oils derived from milk amounted to $6,011 per ton, jumping by 27% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2015 an increase of 284% against the previous year. As a result, import price attained the peak level of $19,004 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($10,694 per ton), while the price for Uruguay ($4,660 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Butter and Other Fats and Oils Derived from Milk in Argentina
In 2022, exports of butter and other fats and oils derived from milk from Argentina skyrocketed to 24K tons, with an increase of 50% compared with 2021 figures. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of butter and other fats and oils derived from milk soared to $125M in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Butter and Other Fats and Oils Derived from Milk in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 49.4 | 66.7 | 54.4 | 44.5 | -3.4% |
| Saudi Arabia | N/A | N/A | N/A | 24.5 | 0% |
| Brazil | 14.5 | 7.2 | 10.6 | 15.7 | 2.7% |
| Bahrain | N/A | N/A | N/A | 10.5 | 0% |
| Algeria | N/A | N/A | N/A | 7.8 | 0% |
| Mexico | N/A | N/A | N/A | 7.0 | 0% |
| Tunisia | N/A | N/A | N/A | 5.0 | 0% |
| Others | 1.9 | 0.5 | N/A | 10.3 | 75.7% |
| Total | 65.7 | 74.3 | 65.0 | 125 | 23.9% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Argentina in 2022:
- Russia (8.5K tons)
- Saudi Arabia (4.6K tons)
- Brazil (2.9K tons)
- Bahrain (2.3K tons)
- Algeria (1.3K tons)
- Mexico (1.1K tons)
- Tunisia (1.0K tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Argentina
Imports of butter and other fats and oils derived from milk into Argentina shrank slightly to 69 tons in 2022, falling by -3.4% compared with 2021. Over the period under review, imports showed a precipitous decline. The pace of growth was the most pronounced in 2021 when imports increased by 29%.
In value terms, imports of butter and other fats and oils derived from milk soared to $414K in 2022. In general, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year.
| Import of Butter and Other Fats and Oils Derived from Milk in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 1,522 | 236 | 167 | 229 | -46.8% |
| France | 84.3 | N/A | N/A | 125 | 14.0% |
| Brazil | N/A | N/A | 166 | 56.9 | -65.7% |
| Others | N/A | 5.1 | 3.9 | 2.8 | -25.9% |
| Total | 1,606 | 241 | 336 | 414 | -36.4% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Argentina in 2022:
- Uruguay (49.2 tons)
- France (11.7 tons)
- Brazil (7.7 tons)
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This report provides an in-depth analysis of the butter and ghee market in Argentina.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Argentina.
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This report provides an in-depth analysis of the global butter and ghee market.
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This report provides an in-depth analysis of the global ghee market.
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This report provides an in-depth analysis of the global butter market.
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Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
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The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
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The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
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New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
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New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
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This year global butter production is anticipated to keep up with ha last year, amounting to 5.6M tons. The EU is forecast to decrease butter exports due to a slight drop in production amid an increase in demand. Butter exports from New Zealand are not forecast to grow due to increased competition with UHT cream for food service being increasingly in demand.
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The global trade in butter amounted to X million USD in 2015, fluctuating wildly over the period under review. A significant drop in 2009 was followed by a recovery over the next two years, until exports decreased again
