Butter And Ghee Market in Kazakhstan
Market Overview
The Kazakh butter and ghee market expanded significantly to $
in
, with an increase of
% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2012 when the market value increased by
% year-to-year. Over the period under review, the market reached the maximum level at $
in 2007; however, from 2008 to
, consumption stood at a somewhat lower figure.
In value terms, butter and ghee production contracted to $
in
estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of
% y-o-y. Over the period under review, production attained the maximum level at $
in 2007; however, from 2008 to
, production stood at a somewhat lower figure.






In value terms, butter and ghee production contracted to $





Consumption
In
, consumption of butter and ghee increased by
% to
tonnes, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the consumption volume increased by
% y-o-y. Butter and ghee consumption peaked at
tonnes in 2007; however, from 2008 to
, consumption stood at a somewhat lower figure.
The size of the butter and ghee market in Kazakhstan was estimated at $
in
, increasing by
% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a mild decline. The most prominent rate of growth was recorded in 2012 with an increase of
% year-to-year. Over the period under review, the market attained the maximum level at $
in 2007; however, from 2008 to
, consumption failed to regain the momentum.






The size of the butter and ghee market in Kazakhstan was estimated at $






Consumption By Type
Butter and dairy spreads (
tonnes) constituted the product with the largest volume of consumption, comprising approx.
% of total volume. It was followed by ghee (
tonnes), with a
% share of total consumption.
From 2007 to
, the average annual rate of growth in terms of the volume of consumption of butter and dairy spreads was relatively modest.
In value terms, butter and dairy spreads ($
) led the market, alone. The second position in the ranking was occupied by ghee ($
).
From 2007 to
, the average annual growth rate of the market volume of butter and dairy spreads amounted to -
%.




From 2007 to

In value terms, butter and dairy spreads ($


From 2007 to


Market Forecast
Depressed by shrinking demand for butter and ghee in Kazakhstan, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -
% for the period from
to
, which is projected to depress the market volume to
tonnes by the end of
.





Market Structure
In
, the share of imports in total consumption accounted for
% in value terms and
% in physical terms. The share of imports remained relatively constant over the period under review.



Trade Balance
Kazakhstan remains a net importer of butter and ghee; in physical and value terms, imports consistently exceeded exports from 2007 to
. In
, there was a significant trade deficit of
tonnes, which was equal to $
. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.




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