Belgium - Ghee - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGhee Price in Belgium - 2023
Contents:
- Ghee Price in Belgium (CIF) - 2023
- Ghee Price in Belgium (FOB) - 2022
- Ghee Imports in Belgium
- Ghee Exports in Belgium
Ghee Price in Belgium (CIF) - 2023
The average ghee import price stood at $6,461 per ton in June 2023, with an increase of 9.5% against the previous month. In general, the import price, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 12% month-to-month. Over the period under review, average import prices reached the maximum at $8,623 per ton in December 2022; however, from January 2023 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Italy ($7,294 per ton) and Spain ($7,125 per ton), while the price for Ireland ($6,016 per ton) and France ($6,546 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Ghee Price in Belgium (FOB) - 2022
In 2022, the average ghee export price amounted to $8,417 per ton, surging by 39% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ghee export price increased by +53.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($9,840 per ton), while the average price for exports to the Netherlands ($6,062 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 France (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Ghee Imports in Belgium
In 2022, the amount of ghee imported into Belgium contracted rapidly to 33K tons, waning by -16.9% compared with the year before. Overall, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports attained the peak of 40K tons, and then contracted notably in the following year.
In value terms, ghee imports amounted to $254M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 46%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Ghee in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 70.4 | 42.0 | 65.2 | 80.6 | 4.6% |
| Netherlands | 48.0 | 48.6 | 72.2 | 68.5 | 12.6% |
| France | 20.8 | 13.1 | 33.5 | 31.0 | 14.2% |
| Germany | 28.8 | 22.4 | 37.5 | 30.8 | 2.3% |
| Denmark | N/A | N/A | 6.9 | 28.0 | 305.8% |
| Spain | 7.4 | 5.6 | 6.8 | 9.9 | 10.2% |
| United Kingdom | 37.2 | 23.4 | 2.5 | N/A | -74.1% |
| Others | 4.8 | 1.0 | 2.7 | 5.5 | 4.6% |
| Total | 217 | 156 | 227 | 254 | 5.4% |
Top Suppliers of Ghee to Belgium in 2022:
- United Kingdom (undefinedK tons)
- Netherlands (10.9K tons)
- Ireland (9.0K tons)
- Germany (4.1K tons)
- France (3.7K tons)
- Denmark (3.6K tons)
- Spain (1.1K tons)
Ghee Exports in Belgium
In 2022, shipments abroad of ghee decreased by -15.2% to 22K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of 2.9% against the previous year. As a result, the exports attained the peak of 26K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, ghee exports soared to $181M in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ghee in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 47.9 | 45.5 | 47.7 | 58.8 | 7.1% |
| Italy | 23.8 | 24.6 | 24.0 | 26.8 | 4.0% |
| Germany | 21.0 | 13.1 | 22.6 | 24.5 | 5.3% |
| Netherlands | 6.6 | 12.1 | 13.6 | 15.1 | 31.8% |
| Spain | 3.4 | 5.5 | 9.0 | 12.2 | 53.1% |
| Indonesia | 12.2 | 4.6 | 7.9 | 8.9 | -10.0% |
| Kuwait | 0.4 | N/A | 1.4 | 6.0 | 146.6% |
| China | 4.6 | 3.3 | 3.3 | 6.0 | 9.3% |
| United Kingdom | 6.5 | 5.8 | 5.7 | 4.3 | -12.9% |
| Poland | 1.3 | 2.1 | 1.0 | 4.2 | 47.8% |
| Denmark | 7.1 | 4.0 | 0.9 | 0.4 | -61.7% |
| Others | 23.9 | 20.8 | 17.3 | 14.0 | -16.3% |
| Total | 159 | 141 | 154 | 181 | 4.4% |
Top Export Markets for Ghee from Belgium in 2022:
- Denmark (undefinedK tons)
- France (6.4K tons)
- Germany (3.5K tons)
- Italy (3.0K tons)
- Netherlands (2.5K tons)
- Spain (1.4K tons)
- Indonesia (0.9K tons)
- Kuwait (0.7K tons)
- Poland (0.6K tons)
- China (0.6K tons)
- United Kingdom (0.4K tons)
This report provides an in-depth analysis of the ghee market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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 Belgium.
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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.
1019
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2773
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.
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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
897
This year global butter production is anticipated to keep up with ha last year, amounting to 5.6M tons. The EU is forecast to decrease butter exports due to a slight drop in production amid an increase in demand. Butter exports from New Zealand are not forecast to grow due to increased competition with UHT cream for food service being increasingly in demand.
1997
The global trade in butter amounted to X million USD in 2015, fluctuating wildly over the period under review. A significant drop in 2009 was followed by a recovery over the next two years, until exports decreased again
