EU: Ghee Market 2022

Ghee Market Size in the EU

In 2021, the EU ghee market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Ghee Production in the EU

In value terms, ghee production rose significantly to $X in 2021 estimated in export prices. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

The country with the largest volume of ghee production was the Netherlands (X tonnes), accounting for X% of total volume. Moreover, ghee production in the Netherlands exceeded the figures recorded by the second-largest producer, Ireland (X tonnes), eightfold. The third position in this ranking was occupied by Spain (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume in the Netherlands was relatively modest. In the other countries, the average annual rates were as follows: Ireland (-X% per year) and Spain (+X% per year).

Production By Country in the EU

The Netherlands (X tonnes) constituted the country with the largest volume of ghee production, comprising approx. X% of total volume. Moreover, ghee production in the Netherlands exceeded the figures recorded by the second-largest producer, Ireland (X tonnes), eightfold. Spain (X tonnes) ranked third in terms of total production with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in the Netherlands was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Ireland (-X% per year) and Spain (+X% per year).

Ghee Exports

Exports in the EU

In 2021, approx. X tonnes of ghee were exported in the European Union; with an increase of X% on 2020. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, the exports hit record highs at X tonnes in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, ghee exports soared to $X in 2021. Total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the Netherlands (X tonnes) represented the largest exporter of ghee, achieving X% of total exports. Germany (X tonnes) took the second position in the ranking, followed by France (X tonnes), Belgium (X tonnes), Spain (X tonnes) and Ireland (X tonnes). All these countries together occupied near X% share of total exports. Poland (X tonnes) held a little share of total exports.

Exports from the Netherlands increased at an average annual rate of +X% from 2012 to 2021. At the same time, Poland (+X%), Spain (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2012-2021. By contrast, France (-X%), Belgium (-X%) and Ireland (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Germany and Spain increased by +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest ghee supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and France (+X% per year).

Export Prices by Country

In 2021, the ghee export price in the European Union amounted to $X per tonne, growing by X% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ghee export price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, the export prices attained the maximum at $X per tonne in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per tonne) and Spain ($X per tonne), while Ireland ($X per tonne) and Belgium ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+X%), while the other leaders experienced more modest paces of growth.

Ghee Imports

Imports in the EU

In 2021, after two years of decline, there was significant growth in supplies from abroad of ghee, when their volume increased by X% to X tonnes. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2014 to 2021, the growth imports failed to regain momentum.

In value terms, ghee imports soared to $X in 2021. Total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of ghee, namely Italy, Belgium, France and Germany, represented more than two-thirds of total import. It was distantly followed by Poland (X tonnes) and the Netherlands (X tonnes), together constituting a X% share of total imports. Denmark (X tonnes), Ireland (X tonnes), Austria (X tonnes) and Sweden (X tonnes) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ghee importing markets in the European Union were Italy ($X), Belgium ($X) and France ($X), with a combined X% share of total imports. Germany, Poland, the Netherlands, Denmark, Ireland, Sweden and Austria lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The ghee import price in the European Union stood at $X per tonne in 2021, picking up by X% against the previous year. Import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ghee import price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per tonne in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per tonne) and Italy ($X per tonne), while Austria ($X per tonne) and Poland ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform