In 2023, New Zealand led the global butter export market, followed by the Netherlands and Ireland. New Zealand experienced a growth of 2.96%, suggestive of its strong foothold in the market. Countries like Ukraine and Azerbaijan showcased remarkable growth rates of over 5%, while countries like Australia and Argentina saw significant declines. The CAGR over the last five years depicts fluctuating markets with substantial growth in some emerging markets, such as Azerbaijan and Moldova. Conversely, traditional exporters like Switzerland and Sweden faced challenges with declining exports.
Looking ahead, the global butter export market is anticipated to see shifts, driven by rising Asian demand and potential policy changes in major exporting regions. Emerging markets in Eastern Europe and Central Asia could gain further traction if they maintain growth momentum. Monitoring trade agreements and sustainability measures will be crucial in navigating future dynamics.
Top countries in Export of Butter by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 New Zealand | 3,003,100,000 | 2023 | +3.33% | +2.96% | View data |
| 2 | 2 Netherlands | 2,072,900,000 | 2023 | +3.55% | +3.36% | View data |
| 3 | 3 Ireland | 1,457,500,000 | 2023 | +3.7% | +2.64% | View data |
| 4 | 4 Belgium | 1,049,100,000 | 2023 | +3.01% | +2.07% | View data |
| 5 | 5 Germany | 962,130,000 | 2023 | +3.05% | +2.83% | View data |
| 6 | 6 France | 680,750,000 | 2023 | +2.77% | +2.57% | View data |
| 7 | 7 Belarus | 424,410,000 | 2023 | +2.73% | +3.73% | View data |
| 8 | 8 United Kingdom | 407,560,000 | 2023 | +3.66% | +2.53% | View data |
| 9 | 9 Poland | 340,030,000 | 2023 | +4.02% | -1.29% | View data |
| 10 | 10 Denmark | 325,850,000 | 2023 | +1.6% | -1.72% | View data |
