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25-07-2024
In 2022, international butter exports from all nations reached a total of US$9.5 billion.
Since 2018, the value of globally exported butter has increased by an average of 16%, up from $8.2 billion. From 2021 to 2022, the value of exported butter saw a significant rise of 24.1%, increasing from $7.67 billion.
The leading exporters of butter are Ireland, New Zealand, Netherlands, Belgium, and Germany. These five countries collectively accounted for over two-thirds (67.9%) of the world's butter exports in 2022.
In 2022, Europe was the top continent for butter exports, with shipments valued at $7.13 billion, representing three-quarters (75%) of the global total. Oceania, primarily New Zealand and Australia, followed with 17.4%. Smaller contributions came from Asia (3.2%), North America (2.5%), Latin America (1.7%, excluding Mexico but including the Caribbean), and Africa (0.2%).
For research purposes, the 6-digit Harmonized Tariff System code prefix for butter is 040510. This code excludes dehydrated butter and ghee. Ghee, a form of clarified butter made from buffalo or cow milk, is commonly used in South Asian cuisine.
Leading Butter Exporting Countries
The following are the top 15 countries by the value of butter exports in 2022:
1. Ireland: US$1.7 billion (17.9% of total butter exports)
2. New Zealand: $1.6 billion (16.8%)
3. Netherlands: $1.56 billion (16.4%)
4. Belgium: $810.9 million (8.5%)
5. Germany: $782 million (8.2%)
6. France: $606.7 million (6.4%)
7. Poland: $485.5 million (5.1%)
8. Denmark: $346.7 million (3.6%)
9. United States: $241.2 million (2.5%)
10. United Kingdom: $207.4 million (2.2%)
11. Finland: $171.9 million (1.8%)
12. Uruguay: $90.1 million (0.9%)
13. Italy: $87.8 million (0.9%)
14. India: $87.5 million (0.9%)
15. Ukraine: $73.6 million (0.8%)
These 15 countries combined accounted for 93.1% of the global butter exports in 2022. The fastest-growing exporters since 2021 were India (up 145.4%), Poland (up 107.3%), Uruguay (up 83.7%), and Ukraine (up 69.3%). Italy was the only major exporter to see a decline, with a -1.1% decrease in international butter sales compared to 2021.
Top Butter Exporting Companies
Here are some of the leading global butter-producing cooperatives and multinational dairy companies:
1. ООО "ЕВРОПАК-ЮГ": 16.68%, $2793.77 Million
2. ООО "КРЦ "ЭФКО - КАСКАД": 10.5%, $1758.64 Million
3. АО "АСТОН": 4.58%, $766.46 Million
4. GUJARAT CO OP MILK MARKETING FEDERATION LTD: 4.31%, $721.33 Million
5. ООО "МЭЗ ЮГ РУСИ": 4.12%, $689.18 Million
6. АО "ЕВРОПА-КАЛИНИНГРАД": 3.84%, $642.78 Million
7. ООО "ТД "ЧЕРНОЗЕМЬЕ": 2.94%, $491.94 Million
8. АО "НЗНП": 2.79%, $466.96 Million
9. ООО "РУСИНВЕСТ": 2.75%, $460.61 Million
10. АО "АГРОПРОДУКТ": 2.51%, $419.8 Million
These companies play a significant role in the global butter market, driving the production and export of this essential dairy product.
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