Price for Butter and Other Fats and Oils Derived from Milk in Costa Rica - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Costa Rica (FOB) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Costa Rica (CIF) - 2022
- Exports of Butter and Other Fats and Oils Derived from Milk in Costa Rica
- Imports of Butter and Other Fats and Oils Derived from Milk in Costa Rica
Price for Butter and Other Fats and Oils Derived from Milk in Costa Rica (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $6,048 per ton in 2022, increasing by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($7,680 per ton), while the average price for exports to the United States ($3,680 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 Panama (+10.5%), 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 Costa Rica (CIF) - 2022
In 2022, the average import price for butter and other fats and oils derived from milk amounted to $7,248 per ton, jumping by 25% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for butter and other fats and oils derived from milk increased by +41.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 86%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($9,977 per ton) and the United States ($7,270 per ton), while the price for Australia ($6,760 per ton) and Brazil ($6,808 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Butter and Other Fats and Oils Derived from Milk in Costa Rica
In 2022, overseas shipments of butter and other fats and oils derived from milk decreased by -30.1% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, the exports attained the peak of 1.7K tons, and then dropped notably in the following year.
In value terms, exports of butter and other fats and oils derived from milk reduced to $7.4M in 2022. The total export value increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year.
| Export of Butter and Other Fats and Oils Derived from Milk in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 1.8 | 2.3 | 2.7 | 2.4 | 10.1% |
| Guatemala | 1.3 | 1.7 | 1.5 | 1.9 | 13.5% |
| Nicaragua | 0.8 | 1.5 | 1.1 | 1.6 | 26.0% |
| Honduras | 1.0 | 1.3 | 1.4 | 1.5 | 14.5% |
| Panama | 0.6 | 0.3 | N/A | N/A | -50.0% |
| Bahrain | N/A | N/A | 1.5 | N/A | 0% |
| Others | N/A | 0.1 | 0.4 | N/A | 300.0% |
| Total | 5.6 | 7.1 | 8.4 | 7.4 | 9.7% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Costa Rica in 2022:
- Guatemala (360.3 tons)
- El Salvador (310.7 tons)
- Nicaragua (281.9 tons)
- Honduras (262.1 tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Costa Rica
In 2022, supplies from abroad of butter and other fats and oils derived from milk increased by 499% to 962 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of butter and other fats and oils derived from milk soared to $7M in 2022. Overall, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Butter and Other Fats and Oils Derived from Milk in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3.7 | 3.4 | 0.6 | 5.3 | 12.7% |
| United States | N/A | 0.1 | N/A | 0.9 | 200.0% |
| Denmark | 0.2 | 0.2 | 0.1 | 0.4 | 26.0% |
| Brazil | N/A | N/A | N/A | 0.2 | 0% |
| Australia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 4.1 | 3.7 | 0.9 | 7.0 | 19.5% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Costa Rica in 2022:
- New Zealand (740.7 tons)
- United States (125.2 tons)
- Denmark (37.0 tons)
- Brazil (23.0 tons)
- Australia (16.8 tons)
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This report provides an in-depth analysis of the butter and ghee market in Costa Rica.
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This report provides an in-depth analysis of the ghee market in Costa Rica.
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This report provides an in-depth analysis of the butter market in Costa Rica.
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This report provides an in-depth analysis of the dairy produce market in Costa Rica.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Costa Rica.
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This report provides an in-depth analysis of the dairy spread market in Costa Rica.
2156
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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This report provides an in-depth analysis of the global dairy produce market.
7953
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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The butter market is projected to experience steady growth over the next seven years, driven by increasing demand worldwide. Market performance is expected to see a CAGR of +1.8% in volume and +3.5% in value from 2023 to 2030.
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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.
