Ghee Market - New Zealand’s Butter and Ghee Exports Showed 18% Growth in 2014

Vegetable And Animal Oils And Fats October 22, 2015
Author: Alexander Romanenko
Chief Executive Officer

ghee market

New Zealand seized control of the global butter and ghee market. In 2014, New Zealand exported 535 thousand tonnes of butter and ghee totaling 2,142 USD, 18% over the previous year. Its primary trading partner was China, where it supplied 14% of its total butter and ghee exports in value terms, accounting for 77% of China's total imports.

From 2007 to 2014, New Zealand was a net exporter of butter and ghee. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was more pronounced.

The Netherlands and Ireland were among the other main global suppliers of butter and ghee in 2014. However, the fastest growing exporters from 2007 to 2014 were the U.S. (+14% per year) and New Zealand (+14% per year). New Zealand significantly strengthened its position in the global export structure.

In 2014, New Zealand's top 5 trading partners were China, Egypt, Iran, Saudi Arabia and the U.S., with a combined 36% share of New Zealand's butter and ghee exports. The share of China increased significantly (+10 percentage points), while the share of Iran illustrated negative dynamics (-2 percentage points).

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Source: World: Butter And Ghee - Market Report. Analysis And Forecast To 2020