Price for Butter and Other Fats and Oils Derived from Milk in Ukraine - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Ukraine (FOB) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Ukraine (CIF) - 2023
- Exports of Butter and Other Fats and Oils Derived from Milk in Ukraine
- Imports of Butter and Other Fats and Oils Derived from Milk in Ukraine
Price for Butter and Other Fats and Oils Derived from Milk in Ukraine (FOB) - 2023
In October 2023, the average export price for butter and other fats and oils derived from milk amounted to $5,391 per ton, with an increase of 6.3% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $5,650 per ton in December 2022; however, from January 2023 to October 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In October 2023, the countries with the highest prices were Poland ($6,501 per ton) and Azerbaijan ($5,746 per ton), while the average price for exports to Kazakhstan ($4,500 per ton) and Moldova ($5,345 per ton) were amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.5%), 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 Ukraine (CIF) - 2023
In October 2023, the average import price for butter and other fats and oils derived from milk amounted to $5,856 per ton, falling by -2.9% against the previous month. In general, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 29% against the previous month. The import price peaked at $9,289 per ton in February 2023; however, from March 2023 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were Germany ($7,694 per ton) and France ($6,129 per ton), while the price for Poland ($5,246 per ton) and Estonia ($5,439 per ton) were amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (-1.0%), while the prices for the other major suppliers experienced a decline.
Exports of Butter and Other Fats and Oils Derived from Milk in Ukraine
After two years of decline, overseas shipments of butter and other fats and oils derived from milk increased by 27% to 14K tons in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage.
In value terms, exports of butter and other fats and oils derived from milk surged to $82M in 2022. Overall, total exports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Butter and Other Fats and Oils Derived from Milk in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 33.3 | 0% |
| Moldova | 10.8 | 10.3 | 15.6 | 15.5 | 12.8% |
| Azerbaijan | 12.5 | 13.2 | 11.4 | 7.9 | -14.2% |
| Netherlands | 5.8 | N/A | 0.4 | 4.5 | -8.1% |
| Israel | 6.3 | 4.5 | 3.9 | 4.4 | -11.3% |
| Kazakhstan | 3.8 | 4.1 | 6.8 | 4.3 | 4.2% |
| Lithuania | N/A | N/A | 0.2 | 3.3 | 1550.0% |
| Georgia | 7.5 | 7.5 | 5.9 | 1.4 | -42.8% |
| Morocco | 3.8 | N/A | 0.6 | 1.4 | -28.3% |
| Armenia | 4.9 | 3.0 | 1.0 | 0.6 | -50.3% |
| Others | 21.5 | 6.1 | 6.9 | 5.2 | -37.7% |
| Total | 77.1 | 48.8 | 52.8 | 81.9 | 2.0% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Ukraine in 2022:
- Poland (5.4K tons)
- Moldova (3.0K tons)
- Azerbaijan (1.4K tons)
- Kazakhstan (0.8K tons)
- Israel (0.7K tons)
- Netherlands (0.7K tons)
- Lithuania (0.5K tons)
- Georgia (0.3K tons)
- Morocco (0.3K tons)
- Armenia (0.1K tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Ukraine
In 2022, overseas purchases of butter and other fats and oils derived from milk decreased by -87.4% to 1.1K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 188%. As a result, imports reached the peak of 9.8K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of butter and other fats and oils derived from milk reduced sharply to $7.9M in 2022. Overall, imports recorded a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by 143% against the previous year.
| Import of Butter and Other Fats and Oils Derived from Milk in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.2 | 5.4 | 9.9 | 3.3 | 14.5% |
| Netherlands | 8.8 | 5.5 | 8.0 | 1.4 | -45.8% |
| France | 1.1 | 2.2 | 1.7 | 0.9 | -6.5% |
| Italy | 0.2 | 0.9 | 1.3 | 0.5 | 35.7% |
| Poland | 2.3 | 19.3 | 8.0 | 0.5 | -39.9% |
| Finland | 0.5 | 0.6 | 0.6 | 0.4 | -7.2% |
| United States | N/A | N/A | 0.2 | 0.4 | 100.0% |
| New Zealand | 0.8 | 2.6 | 3.1 | 0.1 | -50.0% |
| Others | 0.6 | 3.4 | 10.7 | 0.5 | -5.9% |
| Total | 16.5 | 39.9 | 43.5 | 7.9 | -21.8% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Ukraine in 2022:
- Germany (470.7 tons)
- Netherlands (195.0 tons)
- France (120.8 tons)
- United States (75.0 tons)
- Poland (63.8 tons)
- Finland (63.8 tons)
- Italy (58.2 tons)
- New Zealand (15.9 tons)
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This report provides an in-depth analysis of the butter and ghee market in Ukraine.
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This report provides an in-depth analysis of the ghee market in Ukraine.
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This report provides an in-depth analysis of the butter market in Ukraine.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Ukraine.
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This report provides an in-depth analysis of the dairy spread market in Ukraine.
2091
This report provides an in-depth analysis of the global butter and ghee market.
2823
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.
7855
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.
6334
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
6782
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.
1028
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2784
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.
1751
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
1578
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
912
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
