Key Market Indicators
Australian butter consumption is set to reach 103,000 metric tons by 2026, growing by 0.6% year on year. Since 2017, the demand has increased by 1% each year. Australia was the twelfth largest consumer in 2021, with Italy consuming 100,000 metric tons of butter. Germany, France and Russia ranked second, third and fourth. Australian butter production is set to reach 83,000 metric tons by 2026, decreasing by 2.3% year on year. Since 1966, Australian supply has decreased by 4.4% year on year. Australia was the fourteenth largest producer of butter in 2021, with Ukraine producing 94,740 metric tons. New Zealand, Germany and France, respectively, ranked second, third and fourth.
