Australia - Ghee - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGhee Price in Australia - 2023
Contents:
- Ghee Price in Australia (CIF) - 2023
- Ghee Price in Australia (FOB) - 2023
- Ghee Imports in Australia
- Ghee Exports in Australia
Ghee Price in Australia (CIF) - 2023
The average ghee import price stood at $5,629 per ton in July 2023, waning by -7.9% against the previous month. Overall, the import price showed a slight downturn. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 13% against the previous month. As a result, import price attained the peak level of $7,775 per ton. From September 2022 to July 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was India ($7,658 per ton), while the price for New Zealand stood at $5,361 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+1.3%).
Ghee Price in Australia (FOB) - 2023
The average ghee export price stood at $4,733 per ton in July 2023, which is down by -11.6% against the previous month. In general, the export price showed a perceptible descent. The growth pace was the most rapid in November 2022 an increase of 9.5% month-to-month. As a result, the export price reached the peak level of $6,554 per ton. From December 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($5,186 per ton), while the average price for exports to Fiji ($2,621 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Ghee Imports in Australia
Ghee imports into Australia surged to 8.2K tons in 2022, growing by 23% compared with the previous year. The total import volume increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, ghee imports soared to $54M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ghee in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 26.8 | 27.8 | 26.4 | 42.8 | 16.9% |
| India | 3.5 | 7.1 | 4.5 | 7.4 | 28.3% |
| Canada | 1.2 | 1.9 | 0.3 | 0.9 | -9.1% |
| Others | 2.0 | 2.3 | 2.0 | 2.5 | 7.7% |
| Total | 33.6 | 39.1 | 33.3 | 53.5 | 16.8% |
Top Suppliers of Ghee to Australia in 2022:
- New Zealand (6.8K tons)
- India (1.0K tons)
- Canada (0.1K tons)
Ghee Exports in Australia
Ghee exports from Australia dropped to 5.3K tons in 2022, which is down by -14% on 2021 figures. In general, exports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2021 when exports increased by 60% against the previous year. As a result, the exports reached the peak of 6.2K tons, and then contracted in the following year.
In value terms, ghee exports stood at $31M in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 92% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Ghee in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 12.3 | 10.8 | 11.6 | 17.3 | 12.0% |
| Kuwait | N/A | N/A | 0.8 | 4.6 | 475.0% |
| Mexico | 3.5 | 1.0 | 7.5 | 3.3 | -1.9% |
| Malaysia | 0.8 | 0.1 | 2.6 | 2.0 | 35.7% |
| Philippines | 0.7 | 1.8 | 3.6 | 1.2 | 19.7% |
| Armenia | N/A | N/A | N/A | 0.6 | 0% |
| Fiji | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
| Kazakhstan | 0.7 | 0.4 | 0.6 | N/A | -7.4% |
| Others | 4.0 | 1.8 | 3.9 | 1.6 | -26.3% |
| Total | 21.9 | 16.0 | 30.8 | 30.9 | 12.2% |
Top Export Markets for Ghee from Australia in 2022:
- Thailand (2715.4 tons)
- Kuwait (806.4 tons)
- Mexico (648.0 tons)
- Malaysia (335.8 tons)
- Philippines (218.4 tons)
- Armenia (189.5 tons)
- Fiji (110.2 tons)
This report provides an in-depth analysis of the ghee market in Australia. 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 887 - Ghee from Cow Milk
- FCL 953 - Ghee, from Buffalo Milk
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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 ghee market in Australia.
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This report provides an in-depth analysis of the butter and ghee market in Australia.
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This report provides an in-depth analysis of the dairy produce market in Australia.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Australia.
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This report provides an in-depth analysis of the dairy spread market in Australia.
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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 and ghee market.
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In September 2022, the butter and ghee price stood at $6,567 per ton (CIF, Australia), declining by -4% against the previous month.
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In November 2022, the butter price stood at $5,416 per ton (CIF, Australia), dropping by -7.8% against the previous month.
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Australia Dairy Spread Export Price in December 2022. In December 2022, the dairy spread price amounted to $2,516 per ton (FOB, Australia), with a decrease of -54% against the previous month. Australia's dairy spread exports reached 87 tons for the first time since July 2022, with Cook Islands (50 tons) and South Korea (37 tons) being the main destinations. The fall in prices can be attributed to lower demand from international markets and an oversupply of product, causing significant strain on the producers. Industry experts are calling for urgent government intervention to help the industry weather the storm and emerge stronger in the long run.
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In August 2022, the dairy spread price stood at $4,796 per ton (FOB, Australia), growing by 7% against the previous month.
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New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
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Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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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.
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The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
