United Kingdom - Ghee - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGhee Price in the UK - 2023
Contents:
- Ghee Price in the UK (FOB) - 2023
- Ghee Price in the UK (CIF) - 2022
- Ghee Exports in the UK
- Ghee Imports in the UK
Ghee Price in the UK (FOB) - 2023
The average ghee export price stood at $6,423 per ton in June 2023, increasing by 30% against the previous month. In general, the export price, however, saw a pronounced descent. Over the period under review, the average export prices reached the maximum at $8,906 per ton in August 2022; however, from September 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In June 2023, the highest price was recorded for prices to the Netherlands ($6,979 per ton) and Italy ($6,051 per ton), while the average price for exports to Spain ($5,285 per ton) and Belgium ($5,729 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-1.2%), while the prices for the other major destinations experienced a decline.
Ghee Price in the UK (CIF) - 2022
In 2022, the average ghee import price amounted to $6,061 per ton, with an increase of 19% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ghee import price increased by +48.6% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 44% against the previous year. The import price peaked at $6,482 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($9,686 per ton), while the price for Poland ($3,553 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 (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Ghee Exports in the UK
Ghee exports from the UK dropped to 13K tons in 2022, with a decrease of -13.9% compared with 2021 figures. Overall, exports saw a deep contraction. The smallest decline of -8.7% was in 2020.
In value terms, ghee exports surged to $105M in 2022. Over the period under review, exports showed a perceptible decrease.
| Export of Ghee in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 25.5 | 20.6 | 27.9 | 49.1 | 24.4% |
| Netherlands | 32.8 | 23.1 | 27.6 | 33.1 | 0.3% |
| Belgium | 37.2 | 20.8 | 14.6 | 8.4 | -39.1% |
| Spain | 2.5 | 4.1 | 3.4 | 3.6 | 12.9% |
| Lithuania | 1.0 | 1.9 | 1.3 | 1.7 | 19.3% |
| Germany | 2.1 | 5.2 | 0.4 | 1.7 | -6.8% |
| Poland | 2.3 | 3.6 | 0.9 | 1.5 | -13.3% |
| France | 5.1 | 1.4 | 0.3 | 0.6 | -51.0% |
| Others | 9.8 | 9.7 | 9.7 | 5.2 | -19.0% |
| Total | 118 | 90.4 | 86.0 | 105 | -3.8% |
Top Export Markets for Ghee from the UK in 2022:
- Italy (5.8K tons)
- Netherlands (3.9K tons)
- Belgium (1.0K tons)
- Spain (0.5K tons)
- Poland (0.2K tons)
- Lithuania (0.2K tons)
- Germany (0.2K tons)
- France (0.1K tons)
Ghee Imports in the UK
In 2022, after three years of growth, there was significant decline in purchases abroad of ghee, when their volume decreased by -13.1% to 7.5K tons. The total import volume increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. As a result, imports attained the peak of 8.6K tons, and then shrank in the following year.
In value terms, ghee imports totaled $46M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +67.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 62%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Ghee in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 9.7 | 6.9 | 24.5 | 24.2 | 35.6% |
| Netherlands | 8.3 | 11.9 | 12.3 | 13.6 | 17.9% |
| Belgium | 5.9 | 5.9 | 5.5 | 6.8 | 4.8% |
| France | 2.6 | 1.9 | 1.3 | 0.7 | -35.4% |
| New Zealand | 4.2 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.6 | 0.5 | 0.3 | 0.0% |
| Total | 31.0 | 27.1 | 44.1 | 45.5 | 13.6% |
Top Suppliers of Ghee to the UK in 2022:
- Ireland (4.9K tons)
- Netherlands (1.6K tons)
- Belgium (1.0K tons)
- France (0.1K tons)
This report provides an in-depth analysis of the ghee market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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 the UK.
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This report provides an in-depth analysis of the global ghee market.
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In April 2023, the Ghee price was $6,495 per ton (FOB, United Kingdom), representing a decrease of 3.9% compared to the previous month.
118
The most notable surge in growth was seen in April 2023 with imports of Dairy Spread increasing by 580% compared to the previous month. In terms of value, Dairy Spread imports reached $1.1M in November 2023.
1565
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
7817
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
2827
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
6323
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.
2767
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
