EU: Ghee Market 2023

Ghee Market Size in the EU

In 2022, the EU ghee market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated temperate growth 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Ghee Production in the EU

In value terms, ghee production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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

In the Netherlands, ghee production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ireland (X% per year) and Spain (X% per year).

Ghee Exports

Exports in the EU

Ghee exports was estimated at X tons in 2022, with an increase of X% on 2021. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, ghee exports soared to $X in 2022. Total exports indicated a strong increase 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the Netherlands (X tons) represented the major exporter of ghee, constituting X% of total exports. Germany (X tons) took the second position in the ranking, followed by Belgium (X tons), France (X tons), Spain (X tons), Denmark (X tons) and Ireland (X tons). All these countries together took approx. X% share of total exports.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Denmark (X%), Spain (X%) and Germany (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Belgium (X%), France (X%) and Ireland (X%) illustrated a downward trend over the same period. Denmark (X p.p.), Germany (X p.p.), the Netherlands (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium, France and Ireland saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

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

In the Netherlands, ghee exports 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: Germany (X% per year) and Belgium (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated prominent growth 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, ghee export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Spain ($X per ton) and France ($X per ton), while Denmark ($X per ton) and Ireland ($X per ton) were amongst the lowest.

From 2012 to 2022, 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 2022, purchases abroad of ghee increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, ghee imports surged to $X in 2022. Total imports indicated a buoyant 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

The countries with the highest levels of ghee imports in 2022 were Belgium (X tons), Italy (X tons) and France (X tons), together resulting at X% of total import. It was distantly followed by Germany (X tons), Denmark (X tons), Poland (X tons) and the Netherlands (X tons), together creating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Belgium ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Germany, Denmark, the Netherlands and Poland lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 import price in the European Union stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a measured 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, ghee import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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