In 2023, Canada's butter and ghee stock stood at a stable 59.26 thousand metric tons, showing no variation from the previous year. New Zealand also maintained its stock levels at 51.85 thousand metric tons with no change. The Netherlands experienced a decline of 8.25% in 2023, bringing its stock to 48.15 thousand metric tons. The US and Argentina showed stability, whereas Ireland's stocks declined by 9.71%. Negative variations in Japan, Uruguay, Russia, and France indicate a contracting sector, with France at a significant reduction of 51.85%.
Future trends to watch in this sector include:
- Stability in North America, with Canada and the US maintaining consistent stock levels.
- Potential growth opportunities in countries like New Zealand and Ireland if they can stabilize production.
- Markets in Japan, Uruguay, Russia, and France warrant monitoring for recovery or further contraction risks.
- Global market conditions, such as trade policies, consumer preferences, and production costs, which might influence these trends significantly.
Top countries in Butter and Ghee Stock Variation Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 59.26 | 2023 | +6.67% | View data | |
| 2 | 2 New Zealand | 51.85 | 2023 | +7.69% | View data | |
| 3 | 3 Netherlands | 48.15 | 2023 | 0% | -8.25% | View data |
| 4 | 4 United States | 22.22 | 2023 | 0% | View data | |
| 5 | 5 Ireland | 11.11 | 2023 | 0% | -9.71% | View data |
| 6 | 6 Argentina | 3.7 | 2023 | 0% | View data | |
| 7 | 7 Ukraine | 3.7 | 2023 | -100% | View data | |
| 8 | 8 Japan | -7.41 | 2023 | 0% | View data | |
| 9 | 9 Uruguay | -11.11 | 2023 | +50% | View data | |
| 10 | 10 Russia | -22.22 | 2023 | +20% | View data |
