Key Market Indicators
New Zealanders' consumption of butter is projected to decrease slightly over the next five years, dipping 0.3% annually on average. In 2021, New Zealand was ranked 29th globally in terms of butter consumption, with 39 thousand metric tons. The Czech Republic was in the lead with 39 thousand metric tons, while Germany, France and Russia placed second, third and fourth, respectively. Meanwhile, New Zealand's butter production is forecast to grow by 1.1% each year on average, reaching 589,100 metric tons by 2026. Since 1966, the country's butter output has decreased by 0.4% annually. In 2021, the United States was the leading producer, with 550,480 metric tons, while New Zealand, Germany and France ranked second, third and fourth, respectively.