China: Ghee Market Overview 2021

Ghee Market Size in China

The Chinese ghee market stood at $X in 2019, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a significant increase. The growth pace was the most rapid in 2011 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs in 2019 and is likely to see gradual growth in the near future.

Ghee Exports

Exports from China

In 2019, the amount of ghee exported from China stood at X tonnes, approximately reflecting 2018. Over the period under review, exports showed tangible growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2015 to 2019, the growth exports failed to regain the momentum.

In value terms, ghee exports stood at $X in 2019. In general, exports showed a measured expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tonnes) was the main destination for ghee exports from China, accounting for a X% share of total exports. Moreover, ghee exports to the Philippines exceeded the volume sent to the second major destination, Guatemala (X tonnes), ninefold. The third position in this ranking was occupied by Hong Kong SAR (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to the Philippines amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Hong Kong SAR (-X% per year).

In value terms, the Philippines ($X) remains the key foreign market for ghee exports from China, comprising X% of total exports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of total exports. It was followed by Hong Kong SAR, 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: Guatemala (+X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

In 2019, the average ghee export price amounted to $X per tonne, stabilizing at the previous year. In general, export price indicated a modest expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, ghee export price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked 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 overseas 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 Hong Kong SAR, while the prices for the other major destinations experienced mixed trend patterns.

Ghee Imports

Imports into China

For the fourth year in a row, China recorded growth in supplies from abroad of ghee, which increased by X% to X tonnes in 2019. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, ghee imports reached $X in 2019. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2019 and are likely to continue growth in the near future.

Imports by Country

In 2019, New Zealand (X tonnes) was the main ghee supplier to China, accounting for a X% share of total imports. It was followed by Belgium (X tonnes), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from New Zealand amounted to +X%.

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

From 2007 to 2019, the average annual growth rate of value from New Zealand stood at +X%.

Import Prices by Country

In 2019, the average ghee import price amounted to $X per tonne, approximately equating the previous year. In general, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2018, and then totaled in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per tonne), while the price for New Zealand amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ghee in the world?

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India (3.7M tonnes) constituted the country with the largest volume of ghee consumption, comprising approx. 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) constituted the country with the largest volume of ghee production, comprising approx. 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 China?

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In value terms, New Zealand ($159M) constituted the largest supplier of ghee to China, comprising 92% of total imports. The second position in the ranking was occupied by Belgium ($6M), with a 3.5% share of total imports.

What are the leading importers of ghee from China?

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In value terms, the Philippines ($2.7M) remains the key foreign market for ghee exports from China, comprising 84% of total exports. The second position in the ranking was occupied by Guatemala ($278K), with a 8.5% share of total exports. It was followed by Hong Kong SAR, with a 4.1% share.

What is the average export price for ghee in China?

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In 2019, the average ghee export price amounted to $4,287 per tonne, leveling off at the previous year.

What is the average import price for ghee in China?

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In 2019, the average ghee import price amounted to $6,570 per tonne, standing approx. at the previous year.