Key Market Indicators
Armenia's butter consumption is expected to drop slightly to 3.7 thousand metric tons by 2026, down 2.4% annually on average since 2021. Back in 2017, Armenian demand was 7.2% lower than it is now. In 2021, the country ranked 83rd in butter consumption, with Fiji ahead of it having 4 thousand metric tons. Germany, France, and Russia took positions 2, 3, and 4 respectively. Armenia's butter production is set to decrease to 256 metric tons by 2026, down 4.9% annually on average since 2021. Since 1997, the country's supply has decreased 9.6% year on year. In 2021, Armenia was 101st in butter production, with Uganda ahead of it at 343 metric tons. New Zealand, Germany, and France took positions 2, 3, and 4 respectively.