Report Asia - Butter and Ghee - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 10, 2023

Asia - Butter and Ghee - Market Analysis, Forecast, Size, Trends and Insights

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Asia: Butter And Ghee Market 2023

Butter And Ghee Market Size in Asia

The Asian butter and ghee market reduced to $X in 2021, declining by -5.4% against the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Butter And Ghee Production in Asia

In value terms, butter and ghee production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 20%. As a result, production reached the peak level of $X, and then fell in the following year.

Butter And Ghee Exports

Exports in Asia

In 2021, exports of butter and ghee in Asia soared to X tons, jumping by 24% against the previous year's figure. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 67%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, butter and ghee exports soared to $X in 2021. Over the period under review, exports recorded a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 75%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India was the major exporting country with an export of around X tons, which resulted at 34% of total exports. Saudi Arabia (X tons) ranks second in terms of the total exports with an 18% share, followed by Malaysia (8.2%), Kyrgyzstan (6.4%), Kazakhstan (6.1%) and Turkey (5.4%). The following exporters - China (X tons), Singapore (X tons), Iran (X tons), the United Arab Emirates (X tons) and Hong Kong SAR (X tons) - together made up 13% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (with a CAGR of +63.2%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the largest butter and ghee supplier in Asia, comprising 39% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 18% share of total exports. It was followed by Malaysia, with a 7.1% share.

In India, butter and ghee exports expanded at an average annual rate of +15.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+20.6% per year) and Malaysia (+3.3% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, shrinking by -2.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2020 when the export price increased by 44% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.3%), while the other leaders experienced more modest paces of growth.

Butter And Ghee Imports

Imports in Asia

In 2021, butter and ghee imports in Asia totaled X tons, increasing by 1.7% on the previous year. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 16% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, butter and ghee imports rose markedly to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the largest importer of butter and ghee, achieving 25% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a 9.6% share, followed by Iran (5.6%) and the Philippines (5.5%). Vietnam (X tons), Taiwan (Chinese) (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Indonesia (X tons), South Korea (X tons), Singapore (X tons), Azerbaijan (X tons) and Bahrain (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the butter and ghee imports, with a CAGR of +11.7% from 2012 to 2021. At the same time, South Korea (+11.5%), Bahrain (+8.9%), the Philippines (+4.8%), Azerbaijan (+3.8%), Vietnam (+3.8%), Indonesia (+3.7%), Malaysia (+3.5%), Taiwan (Chinese) (+2.7%) and the United Arab Emirates (+1.6%) displayed positive paces of growth. By contrast, Saudi Arabia (-1.2%), Singapore (-3.2%) and Iran (-7.5%) illustrated a downward trend over the same period. While the share of China (+14 p.p.) and South Korea (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-2.3 p.p.), Saudi Arabia (-3.4 p.p.) and Iran (-8.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported butter and ghee in Asia, comprising 25% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 9.1% share of total imports. It was followed by the Philippines, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +14.6%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+1.6% per year) and the Philippines (+10.7% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, increasing by 7.3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2017 when the import price increased by 38% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for butter and ghee in Asia?
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The country with the largest volume of butter and ghee consumption was India, comprising approx. 63% of total volume. Moreover, butter and ghee consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, fourfold. The third position in this ranking was held by Turkey, with a 3.8% share.
What are the largest producers of butter and ghee in Asia?
+
India remains the largest butter and ghee producing country in Asia, accounting for 68% of total volume. Moreover, butter and ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan, fourfold. The third position in this ranking was held by Turkey, with a 4% share.
What are the leading suppliers of butter and ghee in Asia?
+
In value terms, India remains the largest butter and ghee supplier in Asia, comprising 39% of total exports. The second position in the ranking was taken by Saudi Arabia, with an 18% share of total exports. It was followed by Malaysia, with a 7.1% share.
What are the leading importers of butter and ghee in Asia?
+
In value terms, China constitutes the largest market for imported butter and ghee in Asia, comprising 25% of total imports. The second position in the ranking was taken by Saudi Arabia, with a 9.1% share of total imports. It was followed by the Philippines, with a 6% share.
What is the average export price for butter and ghee in Asia?
+
The export price in Asia stood at $4,860 per ton in 2021, with a decrease of -2.1% against the previous year.
What is the average import price for butter and ghee in Asia?
+
The import price in Asia stood at $5,061 per ton in 2021, surging by 7.3% against the previous year.

This report provides an in-depth analysis of the butter and ghee market in Asia. 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:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Palestine
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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