Butter, dairy spreads and milk fats market in Eastern Europe (including Northern Asia)

Earlier Report Observations

The market for butter, dairy spreads, and milk fats in Eastern Europe (including Northern Asia) expanded overall between 2018 and 2023. Total market volume grew from 1,178 thousand tons to 1,320 thousand tons, an increase of 142 thousand tons or approximately 12% over the five-year period.

This growth was not uniform, with a significant surge of 109 thousand tons occurring in 2019. The market then experienced a minor contraction in 2020, followed by stabilization around 1,307-1,308 thousand tons in 2021 and 2022. A renewed upward movement in 2023 brought the market to its peak for the observed period.

Changes in domestic production and international trade contributed to the market's trajectory. Production ended the period at 1,329 thousand tons in 2023, while import volumes, after reaching a high in 2021, and generally declining exports influenced the net available supply within the region.

Production butter, dairy spreads and milk fats in Eastern Europe (including Northern Asia)

In kind, 2017-2020, K t

Top producers of butter, dairy spreads and milk fats, 2017-2020

World map of production of butter, dairy spreads and milk fats, 2017-2020

In Eastern Europe (including Northern Asia), butter, dairy spreads, and milk fats production reached 1 255 K t in 2020, marking a 2.3% increase from 2019. Over the period from 2017 to 2020, production grew by 17.2%, which translates to an annualized rate of 5.4%. The largest decline occurred in 2019, at 1.2%, while the most significant increase was in 2018, at 15.9%.

Annual dynamics of production in Eastern Europe (including Northern Asia) in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Butter, dairy spreads, and milk fats production in Eastern Europe (including Northern Asia) saw a decline for the second year in a row. In 2020, the output was valued at 6 625 M $ US, reflecting a 1.5% year-over-year drop. From 2017 to 2020, production increased by 11.2%, with a compound annual growth rate (CAGR) of 3.6%. The highest value was recorded in 2018 at 7 185 M $ US. The largest decline happened in 2019, at 6.4%, while the biggest increase was in 2018, at 20.6%.

Annual dynamics of production in Eastern Europe (including Northern Asia) in value, 2017-2020, M $ US

Exports butter, dairy spreads and milk fats from Eastern Europe (including Northern Asia)

Exports in kind, K t

Foreign supplies of butter, dairy spreads, and milk fats from Eastern Europe (including Northern Asia) declined for the second consecutive year. In 2020, export volume stood at 133.1 K t, showing a solid 11.6% decrease compared to the previous year. Between 2017 and 2020, exports fell by 18.6%, equating to an annualized rate of 6.6%. The peak export volume was in 2018 at 165.4 K t, with the largest increase that year at 1.1%.

Annual dynamics of product's exports from Eastern Europe (including Northern Asia) in kind, 2017-2020, K t

From 2017 to 2020, exports in kind of butter, dairy spreads, and milk fats from Eastern Europe (including Northern Asia) were distributed across a wide range of partner countries. Kazakhstan accounted for 6.1% of exports in kind, the Netherlands for 6.0%, and Germany for 4.5%, together making up just 16.5% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Eastern Europe (including Northern Asia) in kind, 2017-2020

Exports in value, M $ US

Butter, dairy spreads, and milk fats exports in Eastern Europe (including Northern Asia) declined for the second year in a row. In 2020, exports amounted to 703 M $ US, representing a notable 14.9% drop year-over-year. Over the period from 2017 to 2020, exports decreased by 22.8%, with a CAGR of 8.3%. The highest value was recorded in 2018 at 957 M $ US, with the largest increase that year at 5.2%.

Annual dynamics of product's exports from Eastern Europe (including Northern Asia) in value, 2017-2020, M $ US

The partner structure for exports in value terms from 2017 to 2020 remained fragmented. The Netherlands contributed 6.2% of exports in value terms, Kazakhstan 5.1%, and Germany 4.2%, together accounting for only 15.5% of total flows, with no single country holding a dominant share.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Eastern Europe (including Northern Asia) in value, 2017-2020

Imports butter, dairy spreads and milk fats to Eastern Europe (including Northern Asia)

Imports in kind, K t

The market exhibited volatility during the observed period. Imports reached their lowest point in 2018 at 102.0 K t and peaked in 2019 at 211.3 K t, with a 2.1-fold difference between these years. In 2020, import volume was recorded at 155.7 K t, corresponding to a 26.3% contraction from the previous year. The largest decline occurred in 2018 at 41.0%, while the most significant increase was in 2019 at 107.0%.

Annual dynamics of product's imports to Eastern Europe (including Northern Asia) in kind, 2017-2020, K t

From 2017 to 2020, the partner structure for imports in kind was balanced rather than concentrated. Germany accounted for 14.4% of imports in kind, New Zealand for 9.0%, and the Netherlands for 5.3%, jointly representing 28.7% of total flows, with many other countries making up the remaining 71.3%.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Eastern Europe (including Northern Asia) in kind, 2017-2020

Imports in value, M $ US

In 2020, Eastern Europe (including Northern Asia) imported a total of 1 053 M $ US of butter, dairy spreads, and milk fats, showing a 2.9% decrease from the prior year. Over the period from 2017 to 2020, imports increased by 6.3%, with a CAGR of 2.1%. The minimum value was recorded in 2018 at 918 M $ US, and the maximum in 2019 at 1 084 M $ US. The largest decline happened in 2018 at 7.3%, while the biggest increase was in 2019 at 18.1%.

Annual dynamics of product's imports to Eastern Europe (including Northern Asia) in value, 2017-2020, M $ US

Over 2017 to 2020, imports in value terms were spread across a wide set of partner countries. Germany accounted for 15.3% of imports in value terms, New Zealand for 9.0%, and the Netherlands for 5.9%, together making up just 30.2% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Eastern Europe (including Northern Asia) in value, 2017-2020