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China - Butter And Ghee - Market Analysis, Forecast, Size, Trends and Insights
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China: Butter And Ghee Market Overview 2021

Butter And Ghee Market Size in China

In 2019, the Chinese butter and ghee market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Overall, consumption, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Butter and ghee consumption peaked at $X in 2018, and then dropped slightly in the following year.

Butter And Ghee Production in China

In value terms, butter and ghee production shrank to $X in 2019 estimated in export prices. In general, the total production indicated moderate growth from 2007 to 2019: its value decreased 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, production decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2018 to 2019, production growth remained at a lower figure.

Butter And Ghee Exports

Exports from China

In 2019, shipments abroad of butter and ghee increased by X% to X tonnes, rising for the third consecutive year after two years of decline. In general, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, butter and ghee exports totaled $X in 2019. Overall, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tonnes) was the main destination for butter and ghee exports from China, with a X% share of total exports. Moreover, butter and ghee exports to the Philippines exceeded the volume sent to the second major destination, Hong Kong SAR (X tonnes), threefold. The third position in this ranking was occupied by Democratic People's Republic of Korea (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to the Philippines totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Democratic People's Republic of Korea (+X% per year).

In value terms, the Philippines ($X) remains the key foreign market for butter and ghee exports from China, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Democratic People's Republic of Korea, with a X% share.

From 2007 to 2019, the average annual growth rate of value to the Philippines totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Democratic People's Republic of Korea (+X% per year).

Export Prices by Country

In 2019, the average butter and ghee export price amounted to $X per tonne, leveling off at the previous year. Over the period under review, export price indicated notable growth 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, butter and ghee export price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Myanmar ($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 South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into China

For the fourth consecutive year, China recorded growth in supplies from abroad of butter and ghee, which increased by X% to X tonnes in 2019. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Imports peaked in 2019 and are likely to see gradual growth in years to come.

In value terms, butter and ghee imports reached $X in 2019. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in years to come.

Imports by Country

In 2019, New Zealand (X tonnes) constituted the largest supplier of butter and ghee to China, accounting for a X% share of total imports. Moreover, butter and ghee imports from New Zealand exceeded the figures recorded by the second-largest supplier, France (X tonnes), more than tenfold. The third position in this ranking was occupied by Belgium (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from New Zealand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Belgium (+X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of butter and ghee to China, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2007 to 2019, the average annual growth rate of value from New Zealand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Belgium (+X% per year).

Import Prices by Country

In 2019, the average butter and ghee import price amounted to $X per tonne, standing approx. at the previous year. Overall, the import price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs in 2019 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were France ($X per tonne) and Belgium ($X per tonne), while the price for New Zealand ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butter and ghee in the world?
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The country with the largest volume of butter and ghee consumption was India (4.6M tonnes), comprising approx. 39% of total volume. Moreover, butter and ghee consumption in India exceeded the figures recorded by the second-largest consumer, the U.S. (991K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (853K tonnes), with a 7.3% share.
What are the largest producers of butter and ghee in the world?
+
India (4.6M tonnes) constituted the country with the largest volume of butter and ghee production, comprising approx. 39% of total volume. Moreover, butter and ghee production in India exceeded the figures recorded by the second-largest producer, the U.S. (967K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (852K tonnes), with a 7.2% share.
What are the leading suppliers of butter and ghee to China?
+
In value terms, New Zealand ($553M) constituted the largest supplier of butter and ghee to China, comprising 79% of total imports. The second position in the ranking was occupied by France ($63M), with a 9% share of total imports. It was followed by Belgium, with a 3% share.
What are the leading importers of butter and ghee from China?
+
In value terms, the Philippines ($5M) remains the key foreign market for butter and ghee exports from China, comprising 59% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($1.8M), with a 21% share of total exports. It was followed by Democratic People's Republic of Korea, with a 10% share.
What is the average export price for butter and ghee in China?
+
In 2019, the average butter and ghee export price amounted to $3,930 per tonne, remaining relatively unchanged against the previous year.
What is the average import price for butter and ghee in China?
+
In 2019, the average butter and ghee import price amounted to $6,148 per tonne, remaining stable against the previous year.

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

This report provides an in-depth analysis of the butter and ghee market in China. 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 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• 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
GLOSSARY AND SPECIFIC TERMS
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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

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
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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