Price for Butter and Other Fats and Oils Derived from Milk in Libya - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Libya (CIF) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Libya
Price for Butter and Other Fats and Oils Derived from Milk in Libya (CIF) - 2022
The average import price for butter and other fats and oils derived from milk stood at $5,256 per ton in 2022, with a decrease of -5.4% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +9.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 45% against the previous year. The import price peaked at $6,019 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Ireland ($55,620 per ton), while the price for Argentina ($2,315 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+37.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Butter and Other Fats and Oils Derived from Milk in Libya
After three years of growth, purchases abroad of butter and other fats and oils derived from milk decreased by -5.5% to 3.9K tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.8% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 67% against the previous year.
In value terms, imports of butter and other fats and oils derived from milk fell to $20M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 50%.
| Import of Butter and Other Fats and Oils Derived from Milk in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 7.2 | 11.1 | 11.2 | 8.9 | 7.3% |
| Ireland | 0.2 | 0.4 | 2.8 | 4.2 | 175.9% |
| France | 0.8 | 1.1 | 1.6 | 1.6 | 26.0% |
| United Kingdom | 0.4 | 0.7 | 1.3 | 1.1 | 40.1% |
| Belgium | 0.3 | 1.1 | 1.2 | 0.9 | 44.2% |
| Egypt | 0.1 | 0.7 | 0.7 | 0.5 | 71.0% |
| Germany | 0.1 | 0.3 | 0.6 | 0.5 | 71.0% |
| Spain | 0.1 | 0.2 | 0.6 | 0.5 | 71.0% |
| Denmark | 0.6 | 0.6 | 1.3 | 0.4 | -12.6% |
| Argentina | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Ukraine | 0.8 | 0.5 | 0.1 | 0.2 | -37.0% |
| Others | 1.0 | 0.9 | 1.1 | 1.2 | 6.3% |
| Total | 11.9 | 18.0 | 22.8 | 20.4 | 19.7% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Libya in 2022:
- New Zealand (2085.7 tons)
- United Kingdom (303.0 tons)
- France (257.9 tons)
- Belgium (241.0 tons)
- Germany (151.6 tons)
- Argentina (132.1 tons)
- Spain (128.3 tons)
- Egypt (98.1 tons)
- Denmark (89.3 tons)
- Ireland (74.8 tons)
- Ukraine (48.4 tons)
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This report provides an in-depth analysis of the butter and ghee market in Libya.
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This report provides an in-depth analysis of the ghee market in Libya.
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This report provides an in-depth analysis of the butter market in Libya.
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This report provides an in-depth analysis of the dairy produce market in Libya.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Libya.
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This report provides an in-depth analysis of the dairy spread market in Libya.
2112
This report provides an in-depth analysis of the global butter and ghee market.
2850
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.
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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
