Finland: Ghee Market Overview 2021

Ghee Market Size in Finland

After two years of growth, the Finnish ghee market decreased by -X% to $X in 2019. Over the period under review, consumption, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2018, and then shrank dramatically in the following year.

Ghee Exports

Exports from Finland

In 2019, shipments abroad of ghee increased by X% to X tonnes, rising for the third year in a row after two years of decline. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

In value terms, ghee exports expanded slightly to $X in 2019. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

France (X tonnes) was the main destination for ghee exports from Finland, accounting for a X% share of total exports. Moreover, ghee exports to France exceeded the volume sent to the second major destination, Saudi Arabia (X tonnes), fivefold. The third position in this ranking was occupied by Israel (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-X% per year) and Israel (+X% per year).

In value terms, France ($X) emerged as the key foreign market for ghee exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2007 to 2019, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-X% per year) and Israel (+X% per year).

Export Prices by Country

The average ghee export price stood at $X per tonne in 2019, waning by -X% against the previous year. Overall, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Israel ($X per tonne), while the average price for exports to Sweden ($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 Saudi Arabia, while the prices for the other major destinations experienced mixed trend patterns.

Ghee Imports

Imports into Finland

Ghee imports into Finland fell to X tonnes in 2019, which is down by -X% against 2018. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2015 to 2019, the growth imports remained at a lower figure.

In value terms, ghee imports fell markedly to $X in 2019. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018, and then reduced remarkably in the following year.

Imports by Country

In 2019, Denmark (X tonnes) constituted the largest ghee supplier to Finland, accounting for a X% share of total imports. Moreover, ghee imports from Denmark exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), ninefold. Sweden (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Sweden (-X% per year).

In value terms, Denmark ($X) constituted the largest supplier of ghee to Finland, comprising X% of total imports. The second position in the ranking was occupied by Sweden ($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 growth rate of value from Denmark stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+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, reducing by -X% against the previous year. Overall, import price indicated moderate growth 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. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2018, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Sweden ($X per tonne), while the price for Denmark ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Sweden, 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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India (3.7M tonnes) remains the largest ghee consuming country worldwide, accounting for 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 Finland?

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In value terms, Denmark ($1.1M) constituted the largest supplier of ghee to Finland, comprising 60% of total imports. The second position in the ranking was occupied by Sweden ($276K), with a 15% share of total imports. It was followed by the Netherlands, with a 9.7% share.

What are the leading importers of ghee from Finland?

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In value terms, France ($90K) emerged as the key foreign market for ghee exports from Finland, comprising 71% of total exports. The second position in the ranking was occupied by Saudi Arabia ($20K), with a 16% share of total exports. It was followed by Israel, with a 11% share.

What is the average export price for ghee in Finland?

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In 2019, the average ghee export price amounted to $3,667 per tonne, declining by -13.3% against the previous year.

What is the average import price for ghee in Finland?

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In 2019, the average ghee import price amounted to $6,471 per tonne, with a decrease of -22.1% against the previous year.