Butter, dairy spreads and milk fats market in Spain

Earlier Report Observations

The market size for butter, dairy spreads and milk fats in Spain declined steadily from 334 million dollars in 2018 to 273.2 million dollars in 2020. This represented a cumulative contraction of over 18% across the two-year period.

The reduction was most significant in 2019, when the market shrank by 42 million dollars or 12.6%. The pace of decline moderated in 2020, with a smaller decrease of 18.8 million dollars, equivalent to 6.4% from the previous year.

Production butter, dairy spreads and milk fats in Spain

In value, 2017-2020, M $ US

Spain's production of butter, dairy spreads, and milk fats has declined for the second year in a row. In 2020, the output was valued at 244.1 million US dollars, showing a gradual decrease of 4.2% compared to the previous year. From 2017 to 2020, production fell by 10.4%, which translates to an annualized rate of 3.6%. The highest value was recorded in 2018 at 318.7 million US dollars. The largest drop occurred in 2019 with a 20.1% decline, while the biggest increase was in 2018 at 17.0%.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

In kind, 2017-2020, 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 2020, Spain produced 49,421 tonnes of butter, dairy spreads, and milk fats, marking a modest increase of 3.5% from the year before. Over the period from 2017 to 2020, production decreased by 2.6%, averaging an annualized rate of 0.9%. The lowest output was in 2019 at 47,764 tonnes, and the highest was in 2018 at 52,067 tonnes. The most significant decline happened in 2019 with an 8.3% drop.

Annual dynamics of production in Spain in kind, 2017-2020, t

Exports butter, dairy spreads and milk fats from Spain

Exports in kind, t

In 2020, Spain's exports of butter, dairy spreads, and milk fats totaled 19,343 tonnes, down by 3.2% compared to the previous year. Between 2017 and 2020, exports fell by 6.9%, with an annualized rate of 2.3%. The largest decrease was in 2018 at 5.8%, while the biggest increase occurred in 2019 with a 2.1% rise.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, Italy, France, and Portugal were the top destinations for Spain's exports of butter, dairy spreads, and milk fats in volume terms. Italy accounted for 32.6% of exports, France for 30.7%, and Portugal for 11.2%. Together, these three countries made up 74.5% of total export flows.

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

World map of product's exports from Spain in kind, 2017-2020

Exports in value, M $ US

Spain's exports of butter, dairy spreads, and milk fats in value terms have declined for two consecutive years. In 2020, exports amounted to 86.2 million US dollars, a 9.8% decrease year-over-year. Over the 2017-2020 period, exports dropped by 25%, with a compound annual growth rate of -9.1%. The peak value was in 2018 at 117.6 million US dollars. The most significant decline was in 2019 with an 18.7% fall, while the largest increase was in 2018 at 2.3%.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

Between 2017 and 2020, Italy, France, and the Netherlands were the leading markets for Spain's butter, dairy spreads, and milk fats in value terms. Italy represented 34.7% of exports, France 32.0%, and the Netherlands 10.9%. Combined, these three countries absorbed 77.6% of total export value.

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

World map of product's exports from Spain in value, 2017-2020

Imports butter, dairy spreads and milk fats to Spain

Imports in kind, t

After two years of growth, Spain's imports of butter, dairy spreads, and milk fats in volume terms declined. In 2020, imports stood at 25,775 tonnes, a moderate decrease of 3.2% from 2019. From 2017 to 2020, imports increased by 21.9%, averaging an annualized rate of 6.8%. The highest volume was recorded in 2019 at 26,614 tonnes, with the largest increase that year at 17.2%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, Germany, Belgium, and the Netherlands were the main suppliers of butter, dairy spreads, and milk fats to Spain in volume terms. Germany contributed 19.1% of imports, Belgium 16.5%, and the Netherlands 15.5%. Together, these three countries accounted for 51.1% of total import volume.

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

World map of product's imports to Spain in kind, 2017-2020

Imports in value, M $ US

Spain's imports of butter, dairy spreads, and milk fats in value terms have fallen for the second year in a row. In 2020, imports totaled 115.3 million US dollars, a sharp decrease of 13.2% from 2019. The highest value was in 2018 at 132.9 million US dollars, with the largest increase that year at 13.1%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

Between 2017 and 2020, Belgium, Germany, and France were the largest suppliers of butter, dairy spreads, and milk fats to Spain in value terms. Belgium made up 17.6% of imports, Germany 16.9%, and France 16.3%. Collectively, these three countries formed 50.8% of total import value.

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

World map of product's imports to Spain in value, 2017-2020