Eastern Asia: Butter And Ghee Market 2024

Butter And Ghee Exports

Exports in Eastern Asia

Butter and ghee exports shrank modestly to X tons in 2022, dropping by X% compared with the previous year's figure. Overall, exports showed a slight slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, butter and ghee exports expanded notably to $X in 2022. Total exports indicated a mild expansion 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. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the key exporter of butter and ghee in Eastern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons), generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to butter and ghee exports from China stood at X%. Hong Kong SAR (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of exports in 2022.

Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China amounted to $X per ton.

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

Butter And Ghee Imports

Imports in Eastern Asia

In 2022, imports of butter and ghee in Eastern Asia rose significantly to X tons, growing by X% on the previous year. Overall, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, butter and ghee imports soared to $X in 2022. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 with 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.

Imports by Country

China was the major importer of butter and ghee in Eastern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. South Korea (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%), Hong Kong SAR (X%) and Japan (X%).

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. China (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR, Japan and Taiwan (Chinese) saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported butter and ghee in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

In China, butter and ghee imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, jumping 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. Based on 2022 figures, butter and ghee import price increased by X% against 2020 indices. The most prominent rate of growth was recorded 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 near future.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while Hong Kong SAR ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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