Austria: Ghee Market Overview 2021

Ghee Market Size in Austria

In 2019, the Austrian ghee market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Ghee consumption peaked at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Ghee Production in Austria

In value terms, ghee production amounted to $X in 2019 estimated in export prices. In general, production recorded a slight increase. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2010 to 2019, production growth failed to regain the momentum.

Ghee Exports

Exports from Austria

In 2019, shipments abroad of ghee increased by X% to X tonnes for the first time since 2015, thus ending a three-year declining trend. Overall, exports, however, showed a drastic downturn. Over the period under review, exports hit record highs at X tonnes in 2008; however, from 2009 to 2019, exports remained at a lower figure.

In value terms, ghee exports skyrocketed to $X in 2019. In general, exports, however, showed a abrupt slump. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

Exports by Country

Italy (X tonnes) was the main destination for ghee exports from Austria, accounting for a X% share of total exports. Moreover, ghee exports to Italy exceeded the volume sent to the second major destination, Germany (X tonnes), fivefold. The third position in this ranking was occupied by Romania (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Italy totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Romania (+X% per year).

In value terms, Italy ($X) remains the key foreign market for ghee exports from Austria, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Romania (+X% per year).

Export Prices by Country

The average ghee export price stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. The export price peaked at $X per tonne in 2018, and then shrank in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Romania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia, while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into Austria

In 2019, imports of ghee into Austria reached X tonnes, flattening at 2018. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, ghee imports rose modestly to $X in 2019. In general, total imports indicated measured growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2019, the growth imports failed to regain the momentum.

Imports by Country

Germany (X tonnes), the Netherlands (X tonnes) and Belgium (X tonnes) were the main suppliers of ghee imports to Austria, with a combined X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ghee suppliers to Austria were Germany ($X), the Netherlands ($X) and Belgium ($X), together accounting for X% of total imports. These countries were followed by the UK and Bosnia and Herzegovina, which together accounted for a further X and Herzegovina (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ghee import price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the countries with the highest prices were Bosnia and Herzegovina ($X per tonne) and Belgium ($X per tonne), while the price for Germany ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ghee in the world?

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The country with the largest volume of ghee consumption was India (3.7M tonnes), accounting for 73% of total volume. Moreover, ghee consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (850K tonnes), fourfold.

What are the largest producers of ghee in the world?

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India (3.7M tonnes) remains the largest ghee producing country worldwide, accounting for 73% of total volume. Moreover, ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan (850K tonnes), fourfold.

What are the leading suppliers of ghee to Austria?

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In value terms, the largest ghee suppliers to Austria were Germany ($6.4M), the Netherlands ($3.8M) and Belgium ($513K), together accounting for 95% of total imports. The UK and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 4.9%.

What are the leading importers of ghee from Austria?

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In value terms, Italy ($2.7M) remains the key foreign market for ghee exports from Austria, comprising 68% of total exports. The second position in the ranking was occupied by Germany ($661K), with a 17% share of total exports. It was followed by Romania, with a 4.9% share.

What is the average export price for ghee in Austria?

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The average ghee export price stood at $6,772 per tonne in 2019, shrinking by -8.5% against the previous year.

What is the average import price for ghee in Austria?

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The average ghee import price stood at $6,557 per tonne in 2019, increasing by 1.8% against the previous year.