Egypt: Ghee Market Overview 2021

Ghee Market Size in Egypt

The Egyptian ghee market dropped to $X in 2019, waning by -X% 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). In general, consumption, however, saw a notable increase. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

Ghee Exports

Exports from Egypt

In 2019, the amount of ghee exported from Egypt shrank rapidly to X tonnes, with a decrease of -X% against 2018 figures. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, ghee exports contracted sharply to $X in 2019. In general, exports saw a deep downturn. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2009 to 2019, the growth exports remained at a lower figure.

Exports by Country

Lebanon (X tonnes), Libya (X tonnes) and Morocco (X tonnes) were the main destinations of ghee exports from Egypt, together comprising X% of total exports. Iraq, Palestine, the U.S., Israel, the United Arab Emirates, Sweden, Sudan, Saudi Arabia, Syrian Arab Republic and Kuwait lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Sweden, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ghee exported from Egypt were Iraq ($X), Libya ($X) and Lebanon ($X), together accounting for X% of total exports. Palestine, the U.S., Morocco, the United Arab Emirates, Syrian Arab Republic, Sweden, Sudan, Saudi Arabia, Israel and Kuwait lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ghee export price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the export price, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2018, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Iraq ($X per tonne), while the average price for exports to Morocco ($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 Iraq, while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into Egypt

Ghee imports into Egypt contracted to X tonnes in 2019, dropping by -X% on 2018 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports remained at a lower figure.

In value terms, ghee imports dropped to $X in 2019. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, New Zealand (X tonnes) constituted the largest ghee supplier to Egypt, with a X% share of total imports. Moreover, ghee imports from New Zealand exceeded the figures recorded by the second-largest supplier, France (X tonnes), eightfold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

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

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

From 2007 to 2019, the average annual rate of growth in terms 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 the Netherlands (+X% per year).

Import Prices by Country

In 2019, the average ghee import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, import price indicated a resilient expansion 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 increased by +X% against 2016 indices. 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 2012; however, from 2013 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Uganda ($X per tonne), while the price for New Zealand ($X per tonne) was amongst the lowest.

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

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In value terms, New Zealand ($41M) constituted the largest supplier of ghee to Egypt, comprising 79% of total imports. The second position in the ranking was occupied by France ($5.6M), with a 11% share of total imports. It was followed by the Netherlands, with a 2.9% share.

What are the leading importers of ghee from Egypt?

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In value terms, the largest markets for ghee exported from Egypt were Iraq ($51K), Libya ($43K) and Lebanon ($29K), with a combined 55% share of total exports. Palestine, the U.S., Morocco, the United Arab Emirates, Syrian Arab Republic, Sweden, Sudan, Saudi Arabia, Israel and Kuwait lagged somewhat behind, together accounting for a further 35%.

What is the average export price for ghee in Egypt?

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In 2019, the average ghee export price amounted to $4,674 per tonne, with a decrease of -8.7% against the previous year.

What is the average import price for ghee in Egypt?

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The average ghee import price stood at $5,791 per tonne in 2019, which is down by -2.8% against the previous year.