Asia: Ghee Market Overview 2021

Ghee Market Size in Asia

The Asian ghee market rose remarkably to $X in 2020, picking up by X% against the previous year. Overall, consumption showed buoyant growth. The pace of growth was the most pronounced in 2017 when the market value increased by X% against the previous year. The level of consumption peaked in 2020 and is expected to retain growth in the immediate term.

Ghee Production in Asia

In value terms, ghee production soared to $X in 2020 estimated in export prices. in general, production enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2020 and is likely to continue growth in the near future.

Production by Country in Asia

The country with the largest volume of ghee production was India (X tonnes), accounting for X% of total volume. Moreover, ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tonnes), fourfold.

In India, ghee production expanded at an average annual rate of +X% over the period from 2007-2020.

Ghee Exports

Exports in Asia

In 2020, shipments abroad of ghee decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Total exports indicated a measured expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. The volume of export peaked at X tonnes in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, ghee exports totaled $X in 2020. in general, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The level of export peaked in 2020 and is expected to retain growth in the near future.

Exports by Country

India represented the main exporter of ghee in Asia, with the volume of exports finishing at X tonnes, which was near X% of total exports in 2020. It was distantly followed by Malaysia (X tonnes), the United Arab Emirates (X tonnes), Saudi Arabia (X tonnes) and Israel (X tonnes), together constituting a X% share of total exports. The following exporters - Viet Nam (X tonnes) and Singapore (X tonnes) - each reached a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to ghee exports from India stood at +X%. at the same time, Saudi Arabia (+X%), Viet Nam (+X%), the United Arab Emirates (+X%), Malaysia (+X%) and Israel (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. by contrast, Singapore (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.), Saudi Arabia (+X p.p.), Viet Nam (+X p.p.) and the United Arab Emirates (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Singapore (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest ghee supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In India, ghee exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

In 2020, the ghee export price in Asia amounted to $X per tonne, picking up by X% against the previous year. Export price indicated a resilient increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 when the export price increased by X% y-o-y. The level of export peaked in 2020 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. in 2020, major exporting countries recorded the following prices: in India ($X per tonne) and Saudi Arabia ($X per tonne), while the United Arab Emirates ($X per tonne) and Viet Nam ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Ghee Imports

Imports in Asia

In 2020, approx. X tonnes of ghee were imported in Asia; falling by -X% on the year before. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, ghee imports fell to $X in 2020. in general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X tonnes) and the Philippines (X tonnes) represented roughly X% of total imports of ghee in 2020. It was distantly followed by Saudi Arabia (X tonnes), the United Arab Emirates (X tonnes), Malaysia (X tonnes), Thailand (X tonnes), Viet Nam (X tonnes) and Indonesia (X tonnes), together achieving a X% share of total imports. Taiwan (Chinese) (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ghee importing markets in Asia were China ($X), the Philippines ($X) and Saudi Arabia ($X), together accounting for X% of total imports.

China recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the ghee import price in Asia amounted to $X per tonne, dropping by -X% against the previous year. Import price indicated a tangible increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, ghee import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. in 2020, major importing countries recorded the following prices: in the Philippines ($X per tonne) and Viet Nam ($X per tonne), while the United Arab Emirates ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform