China - Butter And Ghee - Market Analysis, Forecast, Size, Trends and Insights
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View PricingButter and Ghee Price in China - 2023
Contents:
- Butter and Ghee Price in China (CIF) - 2022
- Butter and Ghee Price in China (FOB) - 2022
- Butter and Ghee Imports in China
- Butter and Ghee Exports in China
Butter and Ghee Price in China (CIF) - 2022
The average butter and ghee import price stood at $6,498 per ton in 2022, jumping by 28% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and ghee import price increased by +37.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($8,577 per ton), while the price for Australia ($5,296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Butter and Ghee Price in China (FOB) - 2022
In 2022, the average butter and ghee export price amounted to $4,363 per ton, growing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2016 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $4,429 per ton in 2017; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($6,043 per ton), while the average price for exports to Democratic People's Republic of Korea ($2,916 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Butter and Ghee Imports in China
In 2022, the amount of butter and ghee imported into China expanded sharply to 143K tons, with an increase of 9.1% against 2021. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, butter and ghee imports soared to $929M in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Butter and Ghee in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 372 | 437 | 514 | 801 | 29.1% |
| France | 39.1 | 41.9 | 40.6 | 47.1 | 6.4% |
| Belgium | 14.2 | 13.7 | 16.6 | 18.3 | 8.8% |
| Netherlands | 11.6 | 12.8 | 18.4 | 17.3 | 14.3% |
| Australia | 10.7 | 13.4 | 24.8 | 12.3 | 4.8% |
| Others | 18.5 | 27.9 | 52.7 | 33.1 | 21.4% |
| Total | 466 | 546 | 667 | 929 | 25.9% |
Top Suppliers of Butter and Ghee to China in 2022:
- New Zealand (125.6K tons)
- France (5.5K tons)
- Australia (2.3K tons)
- Belgium (2.3K tons)
- Netherlands (2.2K tons)
Butter and Ghee Exports in China
In 2022, exports of butter and ghee from China surged to 2.1K tons, with an increase of 16% against 2021. Overall, exports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 68%.
In value terms, butter and ghee exports skyrocketed to $9.3M in 2022. Over the period under review, exports continue to indicate slight growth. The most prominent rate of growth was recorded in 2021 when exports increased by 66%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Butter and Ghee in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 4.7 | 1.1 | 3.0 | 5.7 | 6.6% |
| Democratic People's Republic of Korea | 1.0 | 0.5 | 0.6 | 1.2 | 6.3% |
| Hong Kong SAR | 2.1 | 1.8 | 1.0 | 1.2 | -17.0% |
| Guatemala | 0.2 | 0.2 | 0.7 | 0.6 | 44.2% |
| South Korea | 0.4 | 0.4 | 0.6 | 0.3 | -9.1% |
| Others | 0.5 | 0.2 | 0.9 | 0.4 | -7.2% |
| Total | 9.0 | 4.2 | 7.0 | 9.3 | 1.1% |
Top Export Markets for Butter and Ghee from China in 2022:
- Philippines (1255.5 tons)
- Democratic People's Republic of Korea (404.1 tons)
- Hong Kong SAR (225.7 tons)
- Guatemala (136.3 tons)
- South Korea (45.3 tons)
This report provides an in-depth analysis of the butter and ghee market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 983 - Butter and Ghee of Sheep Milk
- FCL 1022 - Butter of Goat Milk
- FCL 952 - Butter of Buffalo Milk
- FCL 886 - Butter of Cow Milk
- FCL 887 - Ghee from Cow Milk
- FCL 953 - Ghee, from Buffalo Milk
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the butter and ghee market in China.
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This report provides an in-depth analysis of the ghee market in China.
920
This report provides an in-depth analysis of the butter market in China.
508
This report provides an in-depth analysis of the dairy produce market in China.
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This report provides an in-depth analysis of the market for butter and dairy spreads in China.
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This report provides an in-depth analysis of the dairy spread market in China.
2060
This report provides an in-depth analysis of the global butter and ghee market.
2792
This report provides an in-depth analysis of the global ghee market.
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This report provides an in-depth analysis of the global butter market.
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This report provides an in-depth analysis of the global dairy produce market.
112
During the period analyzed, Butter imports peaked at 101K tons in 2022, before decreasing the following year. In terms of value, the import of Butter declined to $616M in 2023.
457
Butter imports reached a value of $60M in June 2023.
427
In terms of value, imports of Dairy Produce increased marginally to $620M in June 2023.
7807
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
2823
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
6317
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
6758
In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
1015
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2764
The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
1740
New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
