Chile: Ghee Market Overview 2021

Ghee Market Size in Chile

After two years of growth, the Chilean ghee market decreased by -X% to $X in 2019. Overall, consumption continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2018, and then fell notably in the following year.

Ghee Production in Chile

In value terms, ghee production contracted to $X in 2019 estimated in export prices. Over the period under review, production showed prominent growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Ghee production peaked at $X in 2018, and then dropped in the following year.

Ghee Exports

Exports from Chile

In 2019, overseas shipments of ghee decreased by X% to X tonnes, falling for the third year in a row after five years of growth. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, ghee exports totaled $X in 2019. Over the period under review, exports saw a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure in 2019 and are likely to continue growth in years to come.

Exports by Country

Mexico (X tonnes) was the main destination for ghee exports from Chile, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Mexico stood at +X%.

From 2007 to 2019, the average annual rate of growth in terms of value to Mexico stood at +X%.

Export Prices by Country

The average ghee export price stood at $X per tonne in 2019, stabilizing at the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2007 to 2019, the rate of growth in terms of prices for Mexico amounted to +X% per year.

Ghee Imports

Imports into Chile

In 2019, the amount of ghee imported into Chile dropped sharply to X tonnes, which is down by -X% compared with the year before. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2011 to 2019, the growth imports failed to regain the momentum.

In value terms, ghee imports declined sharply to $X in 2019. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2011 to 2019, the growth imports failed to regain the momentum.

Imports by Country

Haiti (X tonnes), Argentina (X kg) and the U.S. (X kg) were the main suppliers of ghee imports to Chile, together accounting for X% of total imports. Pakistan, the Netherlands, Belgium and India lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ghee suppliers to Chile were Argentina ($X), Haiti ($X) and the U.S. ($X), with a combined X% share of total imports. Belgium, Pakistan, the Netherlands and India lagged somewhat behind, together comprising a further X terms of the main suppliers, India recorded the highest rates of growth with regard to the value of imports, 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, waning by -X% against the previous year. Overall, import price indicated a slight increase from 2007 to 2019: its price 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, ghee import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2018, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per tonne), while the price for Haiti ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, 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?

+

India (3.7M tonnes) constituted the country with the largest volume of ghee consumption, 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?

+

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 Chile?

+

In value terms, the largest ghee suppliers to Chile were Argentina ($5.1K), Haiti ($3.4K) and the U.S. ($2.3K), together accounting for 71% of total imports. Belgium, Pakistan, the Netherlands and India lagged somewhat behind, together comprising a further 24%.

What is the average export price for ghee in Chile?

+

The average ghee export price stood at $5,066 per tonne in 2019, standing approx. at the previous year.

What is the average import price for ghee in Chile?

+

In 2019, the average ghee import price amounted to $4,747 per tonne, reducing by -11.4% against the previous year.