Australia and Oceania: Ghee Market 2024

Ghee Market Size in Australia and Oceania

In 2022, the ghee market in Australia and Oceania decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, posted a significant expansion. Over the period under review, the market reached the peak level at $X in 2021, and then contracted notably in the following year.

Ghee Production in Australia and Oceania

In value terms, ghee production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of ghee production was New Zealand (X tons), accounting for X% of total volume. Moreover, ghee production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (X tons), more than tenfold.

In New Zealand, ghee production increased at an average annual rate of X% over the period from 2012-2022.

Ghee Exports

Exports in Australia and Oceania

After three years of decline, shipments abroad of ghee increased by X% to X tons in 2022. Overall, exports, however, recorded a slight downturn. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, ghee exports surged to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. Australia (X tons) followed a long way behind the leaders.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of ghee. Australia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by X percentage points.

In value terms, New Zealand ($X) remains the largest ghee supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

In New Zealand, ghee exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Ghee Imports

Imports in Australia and Oceania

Ghee imports soared to X tons in 2022, with an increase of X% against the previous year's figure. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, ghee imports surged to $X in 2022. In general, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia prevails in imports structure, recording X tons, which was near X% of total imports in 2022. It was distantly followed by Fiji (X tons), constituting a X% share of total imports. New Zealand (X tons) held a minor share of total imports.

Australia was also the fastest-growing in terms of the ghee imports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) and Fiji (X%) displayed positive paces of growth. From 2012 to 2022, the share of Australia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported ghee in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Fiji ($X), with a X% share of total imports.

In Australia, ghee imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Fiji (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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