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Butter: World balance Sheet
This page contains the balance sheet data for the main dairy products, including
butter, skimmed milk powder (SMP), whole milk powder (WMP), cheese, and fresh milk.
The information includes quantities produced, opening and closing stocks, domestic consumption,
as well as imports, exports, supply and demand.
The data offers a global overview and can be analyzed by geographic area, with the
possibility of examine in depth the individual countries that compose them.
To support the analysis, the page features thematic graphs that complement and facilitate the
understanding of market dynamics.
|
Main World Players Butter Balance Sheet |
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|---|---|---|---|---|---|---|
| Tons x 1000 | 2016 | 2025 | % 2025 from 2016 |
2026 ( f ) | 2035 ( f ) | % 2035 from 2026 |
| Production | 11.433 | 13.961 | +22.11%= | 14.077 | 16.862 | +19.78%= |
| ASIA | ||||||
| India | 4.164 | 5.795 | +39.17% | 5.872 | 7.711 | +31.31% |
| Pakistan | 1.033 | 1.343 | +30.02% | 1.370 | 1.633 | +19.16% |
| Iran | 170 | 218 | +28.33% | 221 | 250 | +13.37% |
| Turkey | 215 | 150 | -29.90% | 155 | 179 | +15.11% |
| China | 88 | 111 | +25.96% | 102 | 120 | +17.84% |
| Japan | 66 | 76 | +14.08% | 75 | 72 | -4.77% |
| South Korea | 67 | 61 | -8.53% | 61 | 59 | -3.62% |
| Kazakhstan | 17 | 32 | +93.92% | 33 | 44 | +32.81% |
| Saudi Arabia | 10 | 14 | +48.76% | 11 | 16 | +35.73% |
| Israel | 6 | 7 | +10.49% | 7 | 7 | +9.18% |
| Thailand | 2 | 4 | +57.59% | 4 | 4 | +7.92% |
| Vietnam | 0 | 0 | > +1000.00% | 0 | 1 | +44.05% |
| EUROPE | ||||||
| EU-27 | 2.246 | 2.329 | +3.72% | 2.327 | 2.394 | +2.84% |
| Russia | 251 | 377 | +50.15% | 377 | 386 | +2.56% |
| United Kingdom | 143 | 200 | +39.79% | 199 | 196 | -1.56% |
| Ukraine | 103 | 52 | -50.07% | 44 | 56 | +27.21% |
| Switzerland | 48 | 42 | -11.14% | 42 | 41 | -2.03% |
| Norway | 17 | 18 | +8.92% | 18 | 18 | -0.06% |
| NORTH AMERICA | ||||||
| United States | 834 | 1.069 | +28.15% | 1.084 | 1.259 | +16.12% |
| Canada | 93 | 120 | +28.11% | 120 | 127 | +5.93% |
| OCEANIA | ||||||
| New Zealand | 533 | 480 | -10.00% | 486 | 522 | +7.45% |
| Australia | 100 | 41 | -59.51% | 40 | 35 | -11.80% |
| AMERICA - CENTER-SOUTH AND CARIBBEAN | ||||||
| Mexico | 203 | 237 | +16.98% | 235 | 251 | +6.61% |
| Brazil | 107 | 152 | +41.57% | 153 | 162 | +5.78% |
| Argentina | 33 | 32 | -1.37% | 33 | 36 | +9.31% |
| Chile | 23 | 30 | +30.92% | 29 | 31 | +7.02% |
| Colombia | 21 | 27 | +27.20% | 27 | 30 | +11.74% |
| Peru | 4 | 5 | +18.85% | 5 | 6 | +13.09% |
| Paraguay | 1 | 2 | +114.83% | 1 | 2 | +17.39% |
| AFRICA | ||||||
| Egypt | 111 | 106 | -4.98% | 104 | 130 | +24.31% |
| Ethiopia | 15 | 20 | +32.43% | 20 | 21 | +5.87% |
| South Africa | 15 | 19 | +34.36% | 20 | 22 | +11.08% |
| Nigeria | 12 | 12 | +3.85% | 12 | 13 | +10.25% |
| Import | 1.026 | 1.043 | +1.70%= | 1.100 | 1.214 | +10.34%= |
| ASIA | ||||||
| China | 82 | 153 | +86.29% | 157 | 178 | +13.39% |
| Saudi Arabia | 57 | 58 | +1.47% | 62 | 67 | +7.80% |
| South Korea | 9 | 34 | +265.59% | 35 | 39 | +13.04% |
| Indonesia | 26 | 26 | -0.84% | 26 | 30 | +14.45% |
| Philippines | 29 | 25 | -14.64% | 26 | 30 | +18.00% |
| Malaysia | 20 | 23 | +18.24% | 24 | 26 | +9.36% |
| Japan | 13 | 18 | +41.15% | 19 | 23 | +24.54% |
| Thailand | 13 | 13 | -4.43% | 13 | 13 | +3.35% |
| Vietnam | 14 | 10 | -30.04% | 10 | 12 | +18.97% |
| Israel | 3 | 5 | +81.17% | 5 | 5 | +14.56% |
| Kazakhstan | 5 | 5 | -15.52% | 5 | 5 | 0.00% |
| Turkey | 19 | 1 | -94.24% | 1 | 0 | -96.58% |
| India | 5 | 1 | -84.70% | 1 | 1 | +3.47% |
| Pakistan | 2 | 0 | -72.55% | 1 | 1 | +82.97% |
| Iran | 51 | 0 | -99.87% | 0 | 0 | +8.44% |
| EUROPE | ||||||
| Russia | 106 | 116 | +9.89% | 119 | 127 | +6.62% |
| United Kingdom | 99 | 70 | -29.75% | 71 | 79 | +10.54% |
| EU-27 | 33 | 30 | -8.93% | 35 | 37 | +5.99% |
| Switzerland | 0 | 6 | > +1000.00% | 6 | 6 | +2.41% |
| Ukraine | 1 | 2 | +94.44% | 4 | 2 | -49.48% |
| NORTH AMERICA | ||||||
| United States | 24 | 59 | +147.32% | 65 | 49 | -24.86% |
| Canada | 22 | 34 | +51.82% | 31 | 33 | +5.83% |
| OCEANIA | ||||||
| Australia | 34 | 41 | +21.91% | 42 | 49 | +16.10% |
| New Zealand | 2 | 1 | -45.71% | 1 | 1 | 0.00% |
| AMERICA - CENTER-SOUTH AND CARIBBEAN | ||||||
| Mexico | 52 | 21 | -60.34% | 27 | 39 | +44.21% |
| Peru | 6 | 7 | +13.92% | 7 | 8 | +13.87% |
| Chile | 6 | 3 | -54.95% | 4 | 5 | +5.30% |
| Brazil | 4 | 1 | -77.57% | 1 | 1 | -5.17% |
| Colombia | 0 | 1 | +815.44% | 1 | 1 | 0.00% |
| AFRICA | ||||||
| Egypt | 64 | 17 | -73.32% | 22 | 27 | +25.71% |
| Nigeria | 3 | 1 | -65.64% | 1 | 3 | +157.90% |
| South Africa | 5 | 1 | -87.87% | 1 | 1 | +7.17% |
| Ethiopia | 0 | 0 | -39.82% | 1 | 6 | +567.21% |
| Initial Stocks | 344 | 383 | +11.49%= | 381 | 377 | -1.06%= |
| OCEANIA | ||||||
| New Zealand | 70 | 86 | +23.39% | 86 | 86 | 0.00% |
| Australia | 77 | 84 | +9.09% | 84 | 84 | 0.00% |
| NORTH AMERICA | ||||||
| United States | 70 | 97 | +38.17% | 93 | 93 | -0.27% |
| Canada | 12 | 27 | +116.39% | 30 | 28 | -6.16% |
| ASIA | ||||||
| Japan | 20 | 22 | +13.72% | 22 | 20 | -8.76% |
| South Korea | 6 | 6 | 0.00% | 6 | 6 | 0.00% |
| Saudi Arabia | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| Pakistan | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| Turkey | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| India | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| Iran | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| AMERICA - CENTER-SOUTH AND CARIBBEAN | ||||||
| Argentina | 58 | 30 | -48.71% | 30 | 30 | 0.00% |
| Chile | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| EUROPE | ||||||
| United Kingdom | 15 | 15 | 0.00% | 15 | 15 | 0.00% |
| Switzerland | 4 | 4 | +17.71% | 4 | 4 | 0.00% |
| Ukraine | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| AFRICA | ||||||
| Egypt | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| TOTAL OFFERT | 12.803 | 15.388 | +20.19%= | 15.558 | 18.453 | +18.60%= |
| ASIA | ||||||
| India | 4.170 | 5.797 | +39.02% | 5.874 | 7.712 | +31.30% |
| Pakistan | 1.035 | 1.344 | +29.82% | 1.372 | 1.635 | +19.17% |
| China | 170 | 263 | +55.03% | 259 | 298 | +15.14% |
| Iran | 221 | 219 | -1.09% | 222 | 252 | +13.30% |
| Turkey | 235 | 153 | -35.00% | 157 | 180 | +14.24% |
| Japan | 99 | 116 | +17.52% | 116 | 115 | -0.84% |
| South Korea | 82 | 101 | +23.02% | 102 | 104 | +2.25% |
| Saudi Arabia | 68 | 73 | +8.16% | 75 | 84 | +11.97% |
| Kazakhstan | 22 | 37 | +67.27% | 38 | 49 | +28.90% |
| Indonesia | 26 | 26 | -0.84% | 26 | 30 | +14.45% |
| Philippines | 29 | 25 | -14.64% | 26 | 30 | +18.00% |
| Malaysia | 20 | 23 | +18.24% | 24 | 26 | +9.36% |
| Thailand | 15 | 16 | +5.05% | 16 | 17 | +4.40% |
| Israel | 9 | 11 | +31.40% | 12 | 13 | +11.35% |
| Vietnam | 14 | 10 | -26.51% | 10 | 12 | +20.20% |
| EUROPE | ||||||
| EU-27 | 2.278 | 2.359 | +3.54% | 2.362 | 2.430 | +2.89% |
| Russia | 357 | 493 | +38.22% | 496 | 513 | +3.53% |
| United Kingdom | 258 | 285 | +10.63% | 286 | 290 | +1.54% |
| Ukraine | 105 | 55 | -48.11% | 49 | 59 | +20.22% |
| Switzerland | 51 | 53 | +3.13% | 53 | 52 | -1.33% |
| Norway | 17 | 18 | +7.48% | 18 | 18 | -0.06% |
| NORTH AMERICA | ||||||
| United States | 928 | 1.225 | +31.95% | 1.241 | 1.400 | +12.77% |
| Canada | 128 | 180 | +40.78% | 181 | 188 | +3.93% |
| OCEANIA | ||||||
| New Zealand | 605 | 567 | -6.27% | 573 | 610 | +6.32% |
| Australia | 211 | 166 | -21.40% | 166 | 168 | +1.25% |
| AMERICA - CENTER-SOUTH AND CARIBBEAN | ||||||
| Mexico | 255 | 258 | +1.12% | 262 | 289 | +10.45% |
| Brazil | 111 | 153 | +37.11% | 154 | 163 | +5.70% |
| Argentina | 91 | 62 | -31.77% | 63 | 66 | +4.84% |
| Chile | 29 | 33 | +13.61% | 34 | 37 | +6.60% |
| Colombia | 21 | 27 | +29.47% | 27 | 31 | +11.51% |
| Peru | 11 | 12 | +15.91% | 12 | 14 | +13.55% |
| Paraguay | 1 | 2 | +107.30% | 2 | 2 | +14.68% |
| AFRICA | ||||||
| Egypt | 176 | 124 | -29.69% | 127 | 158 | +24.36% |
| South Africa | 20 | 20 | +1.43% | 20 | 23 | +10.92% |
| Ethiopia | 15 | 20 | +32.34% | 21 | 27 | +30.68% |
| Nigeria | 15 | 13 | -11.55% | 13 | 17 | +24.66% |
| Consumption | 11.355 | 13.853 | +22.00%= | 14.076 | 16.862 | +19.80%= |
| ASIA | ||||||
| India | 4.161 | 5.741 | +37.98% | 5.832 | 7.703 | +32.08% |
| Pakistan | 1.034 | 1.343 | +29.82% | 1.370 | 1.634 | +19.21% |
| China | 169 | 260 | +54.19% | 255 | 294 | +15.21% |
| Iran | 220 | 203 | -7.45% | 217 | 249 | +14.67% |
| Turkey | 226 | 150 | -33.74% | 154 | 171 | +11.08% |
| South Korea | 76 | 95 | +24.83% | 96 | 98 | +2.39% |
| Japan | 73 | 94 | +27.90% | 94 | 95 | +1.03% |
| Saudi Arabia | 62 | 57 | -7.89% | 60 | 70 | +16.71% |
| Kazakhstan | 22 | 37 | +67.78% | 34 | 38 | +13.02% |
| Indonesia | 26 | 26 | -0.44% | 26 | 30 | +14.47% |
| Philippines | 29 | 25 | -15.81% | 25 | 30 | +18.30% |
| Malaysia | 12 | 21 | +74.15% | 21 | 23 | +10.64% |
| Thailand | 15 | 15 | +5.34% | 15 | 16 | +4.66% |
| Israel | 9 | 11 | +31.40% | 12 | 13 | +11.35% |
| Vietnam | 14 | 9 | -32.87% | 9 | 11 | +22.07% |
| EUROPE | ||||||
| EU-27 | 2.016 | 2.096 | +3.97% | 2.104 | 2.155 | +2.40% |
| Russia | 352 | 490 | +39.47% | 493 | 511 | +3.55% |
| United Kingdom | 178 | 209 | +17.72% | 210 | 215 | +1.94% |
| Switzerland | 44 | 49 | +11.30% | 49 | 48 | -1.46% |
| Ukraine | 92 | 40 | -57.13% | 41 | 44 | +7.16% |
| Norway | 16 | 16 | +0.34% | 16 | 16 | -0.07% |
| NORTH AMERICA | ||||||
| United States | 837 | 1.061 | +26.70% | 1.090 | 1.247 | +14.42% |
| Canada | 108 | 150 | +39.53% | 153 | 160 | +4.65% |
| AMERICA - CENTER-SOUTH AND CARIBBEAN | ||||||
| Mexico | 243 | 255 | +4.93% | 259 | 286 | +10.58% |
| Brazil | 111 | 150 | +34.74% | 153 | 162 | +6.09% |
| Chile | 25 | 30 | +23.47% | 32 | 34 | +7.21% |
| Colombia | 21 | 27 | +28.71% | 27 | 29 | +7.97% |
| Argentina | 38 | 12 | -67.99% | 12 | 15 | +23.89% |
| Peru | 11 | 12 | +14.92% | 12 | 14 | +13.68% |
| Paraguay | 1 | 1 | -7.68% | 1 | 1 | +9.68% |
| AFRICA | ||||||
| Egypt | 174 | 117 | -32.46% | 122 | 153 | +26.14% |
| Ethiopia | 15 | 20 | +32.41% | 21 | 27 | +30.69% |
| South Africa | 17 | 17 | -0.15% | 17 | 19 | +12.27% |
| Nigeria | 15 | 13 | -11.50% | 13 | 17 | +24.68% |
| OCEANIA | ||||||
| Australia | 105 | 63 | -40.10% | 64 | 73 | +13.67% |
| New Zealand | 12 | 25 | +105.87% | 26 | 28 | +8.72% |
| Export | 1.095 | 1.153 | +5.24%= | 1.100 | 1.214 | +10.34%= |
| OCEANIA | ||||||
| New Zealand | 507 | 456 | -10.08% | 462 | 496 | +7.37% |
| Australia | 21 | 19 | -9.32% | 18 | 11 | -37.86% |
| EUROPE | ||||||
| EU-27 | 280 | 263 | -6.23% | 258 | 276 | +6.86% |
| United Kingdom | 65 | 60 | -6.40% | 60 | 60 | +0.55% |
| Ukraine | 12 | 14 | +17.01% | 7 | 14 | +97.93% |
| Russia | 5 | 2 | -50.00% | 2 | 2 | 0.00% |
| Norway | 1 | 2 | +111.01% | 2 | 2 | 0.00% |
| Switzerland | 5 | 0 | -97.91% | 0 | 0 | +0.10% |
| ASIA | ||||||
| India | 7 | 54 | +625.94% | 41 | 9 | -78.94% |
| Saudi Arabia | 5 | 15 | +217.99% | 14 | 13 | -7.23% |
| Iran | 1 | 15 | > +1000.00% | 4 | 1 | -63.82% |
| China | 1 | 3 | +186.79% | 3 | 3 | +9.37% |
| Malaysia | 8 | 3 | -64.33% | 3 | 3 | 0.00% |
| Turkey | 8 | 2 | -75.19% | 2 | 7 | +268.76% |
| Thailand | 1 | 1 | +0.54% | 1 | 1 | 0.00% |
| Vietnam | 0 | 1 | > +1000.00% | 1 | 1 | 0.00% |
| Kazakhstan | 0 | 0 | -55.56% | 4 | 11 | +154.54% |
| NORTH AMERICA | ||||||
| United States | 16 | 71 | +354.25% | 56 | 60 | +8.77% |
| AMERICA - CENTER-SOUTH AND CARIBBEAN | ||||||
| Argentina | 10 | 20 | +100.00% | 20 | 20 | +0.22% |
| Mexico | 12 | 3 | -73.68% | 3 | 3 | 0.00% |
| Brazil | 0 | 3 | > +1000.00% | 1 | 1 | -48.87% |
| Chile | 4 | 2 | -48.51% | 1 | 1 | -3.86% |
| Paraguay | 0 | 1 | +478.95% | 1 | 1 | +17.28% |
| Colombia | 0 | 0 | > +1000.00% | 0 | 1 | +367.11% |
| AFRICA | ||||||
| Egypt | 1 | 6 | +295.68% | 4 | 4 | -19.66% |
| South Africa | 3 | 4 | +9.42% | 4 | 4 | +4.66% |
| Ending Stocks | 370 | 381 | +3.15%= | 383 | 377 | -1.45%= |
| OCEANIA | ||||||
| New Zealand | 86 | 86 | 0.00% | 86 | 86 | 0.00% |
| Australia | 85 | 84 | -1.18% | 84 | 84 | 0.00% |
| NORTH AMERICA | ||||||
| United States | 75 | 93 | +23.25% | 96 | 92 | -3.74% |
| Canada | 20 | 30 | +46.26% | 28 | 28 | 0.00% |
| ASIA | ||||||
| Japan | 25 | 22 | -12.45% | 22 | 20 | -8.81% |
| South Korea | 6 | 6 | 0.00% | 6 | 6 | 0.00% |
| Saudi Arabia | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| Pakistan | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| Turkey | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| India | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| Iran | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| AMERICA - CENTER-SOUTH AND CARIBBEAN | ||||||
| Argentina | 43 | 30 | -30.40% | 30 | 30 | 0.00% |
| Chile | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| EUROPE | ||||||
| United Kingdom | 15 | 15 | 0.00% | 15 | 15 | 0.00% |
| Switzerland | 2 | 4 | +82.80% | 4 | 4 | 0.00% |
| Ukraine | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| AFRICA | ||||||
| Egypt | 1 | 1 | 0.00% | 1 | 1 | 0.00% |
| TOTAL DEMAND | 12.820 | 15.388 | +20.02%= | 15.558 | 18.453 | +18.60%= |
| ASIA | ||||||
| India | 4.170 | 5.797 | +39.02% | 5.874 | 7.712 | +31.30% |
| Pakistan | 1.035 | 1.344 | +29.82% | 1.372 | 1.635 | +19.17% |
| China | 170 | 263 | +55.03% | 259 | 298 | +15.14% |
| Iran | 221 | 219 | -1.09% | 222 | 252 | +13.30% |
| Turkey | 235 | 153 | -35.00% | 157 | 180 | +14.24% |
| Japan | 99 | 116 | +17.52% | 116 | 115 | -0.84% |
| South Korea | 82 | 101 | +23.02% | 102 | 104 | +2.25% |
| Saudi Arabia | 68 | 73 | +8.16% | 75 | 84 | +11.97% |
| Kazakhstan | 22 | 37 | +67.27% | 38 | 49 | +28.90% |
| Indonesia | 26 | 26 | -0.84% | 26 | 30 | +14.45% |
| Philippines | 29 | 25 | -14.64% | 26 | 30 | +18.00% |
| Malaysia | 20 | 23 | +18.24% | 24 | 26 | +9.36% |
| Thailand | 15 | 16 | +5.05% | 16 | 17 | +4.40% |
| Israel | 9 | 11 | +31.40% | 12 | 13 | +11.35% |
| Vietnam | 14 | 10 | -26.51% | 10 | 12 | +20.20% |
| EUROPE | ||||||
| EU-27 | 2.296 | 2.359 | +2.73% | 2.362 | 2.430 | +2.89% |
| Russia | 357 | 493 | +38.22% | 496 | 513 | +3.53% |
| United Kingdom | 258 | 285 | +10.63% | 286 | 290 | +1.54% |
| Ukraine | 105 | 55 | -48.11% | 49 | 59 | +20.22% |
| Switzerland | 51 | 53 | +3.13% | 53 | 52 | -1.33% |
| Norway | 17 | 18 | +7.48% | 18 | 18 | -0.06% |
| NORTH AMERICA | ||||||
| United States | 928 | 1.225 | +31.95% | 1.241 | 1.400 | +12.77% |
| Canada | 128 | 180 | +40.78% | 181 | 188 | +3.93% |
| OCEANIA | ||||||
| New Zealand | 605 | 567 | -6.27% | 573 | 610 | +6.32% |
| Australia | 211 | 166 | -21.40% | 166 | 168 | +1.25% |
| AMERICA - CENTER-SOUTH AND CARIBBEAN | ||||||
| Mexico | 255 | 258 | +1.12% | 262 | 289 | +10.45% |
| Brazil | 111 | 153 | +37.11% | 154 | 163 | +5.70% |
| Argentina | 91 | 62 | -31.77% | 63 | 66 | +4.84% |
| Chile | 29 | 33 | +13.61% | 34 | 37 | +6.60% |
| Colombia | 21 | 27 | +29.47% | 27 | 31 | +11.51% |
| Peru | 11 | 12 | +15.91% | 12 | 14 | +13.55% |
| Paraguay | 1 | 2 | +107.32% | 2 | 2 | +14.68% |
| AFRICA | ||||||
| Egypt | 176 | 124 | -29.69% | 127 | 158 | +24.36% |
| South Africa | 20 | 20 | +1.43% | 20 | 23 | +10.92% |
| Ethiopia | 15 | 20 | +32.34% | 21 | 27 | +30.68% |
| Nigeria | 15 | 13 | -11.55% | 13 | 17 | +24.66% |
|
Last update: 2026-07-13 ( f ) forecast Source: OECD-FAO |
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