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World - Ghee - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Global Ghee Market Overview 2021

Ghee Market Size

The global ghee market rose rapidly to $X in 2020, with an increase of X% against the previous year. Overall, consumption continues to indicate a prominent 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 global market hit record highs in 2020 and is likely to see gradual growth in the near future.

Ghee Production

In value terms, ghee production rose markedly to $X in 2020 estimated in export prices. Over the period under review, production showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% year-to-year. Global production peaked in 2020 and is likely to continue growth in years to come.

Production by Country

The country with the largest volume of ghee production was India (X tonnes), accounting for X% of total volume. Moreover, ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tonnes), fourfold.

In India, ghee production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Pakistan (+X% per year) and New Zealand (+X% per year).

Ghee Exports

Exports

In 2020, approx. X tonnes of ghee were exported worldwide; with a decrease of -X% against 2019. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Global exports peaked at X tonnes in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, ghee exports fell significantly to $X in 2020. Over the period under review, total exports indicated tangible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Over the period under review, global exports hit record highs at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

New Zealand was the largest exporter of ghee in the world, with the volume of exports recording X tonnes, which was near X% of total exports in 2020. It was distantly followed by the Netherlands (X tonnes), Belgium (X tonnes), Germany (X tonnes) and the UK (X tonnes), together achieving a X% share of total exports. France (X tonnes), India (X tonnes), Spain (X tonnes), Ireland (X tonnes), the U.S. (X tonnes) and Mexico (X tonnes) followed a long way behind the leaders.

Exports from New Zealand increased at an average annual rate of +X% from 2007 to 2020. at the same time, India (+X%), Germany (+X%), the Netherlands (+X%), Mexico (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. The UK and France experienced a relatively flat trend pattern. by contrast, the U.S. (-X%), Ireland (-X%) and Belgium (-X%) illustrated a downward trend over the same period. New Zealand (+X p.p.), the Netherlands (+X p.p.), Germany (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global exports, while Ireland and Belgium saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest ghee supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global exports. It was followed by Belgium, with a X% share.

In New Zealand, ghee exports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Belgium (-X% per year).

Export Prices by Country

In 2020, the average ghee export price amounted to $X per tonne, dropping by -X% against the previous year. in general, export price indicated a tangible increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 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. Global export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was India ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand, while the other global leaders experienced more modest paces of growth.

Ghee Imports

Imports

In 2020, the amount of ghee imported worldwide declined to X tonnes, with a decrease of -X% compared with the previous year. in general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Over the period under review, global imports attained the maximum at X tonnes in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, ghee imports fell remarkably to $X in 2020. Over the period under review, total imports indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Global imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

The countries with the highest levels of ghee imports in 2020 were Italy (X tonnes), China (X tonnes), Belgium (X tonnes), the Philippines (X tonnes), Germany (X tonnes), Mexico (X tonnes), France (X tonnes), the U.S. (X tonnes), Saudi Arabia (X tonnes), Russia (X tonnes), the United Arab Emirates (X tonnes) and Malaysia (X tonnes), together accounting for X% of total import. Thailand (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest ghee importing markets worldwide were China ($X), Italy ($X) and Belgium ($X), together accounting for X% of global imports.

China 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average ghee import price amounted to $X per tonne, shrinking by -X% against the previous year. in general, import price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, ghee import price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. in 2020, major importing countries recorded the following prices: in the U.S. ($X per tonne) and the Philippines ($X per tonne), while Mexico ($X per tonne) and the United Arab Emirates ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ghee in the world?
+
India (3.8M tonnes) constituted the country with the largest volume of ghee consumption, accounting for 74% of total volume. Moreover, ghee consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (876K tonnes), fourfold.
What are the largest producers of ghee in the world?
+
The country with the largest volume of ghee production was India (3.8M tonnes), accounting for 73% of total volume. Moreover, ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan (876K tonnes), fourfold.
What are the leading suppliers of ghee in the world?
+
In value terms, New Zealand ($879M) remains the largest ghee supplier worldwide, comprising 44% of global exports. The second position in the ranking was occupied by the Netherlands ($332M), with a 17% share of global exports. It was followed by Belgium, with a 6.9% share.
What are the leading importers of ghee in the world?
+
In value terms, the largest ghee importing markets worldwide were China ($147M), Italy ($144M) and Belgium ($142M), with a combined 23% share of global imports.
What is the average export price for ghee in the world?
+
In 2020, the average ghee export price amounted to $4,813 per tonne, shrinking by -12.1% against the previous year.
What is the average import price for ghee in the world?
+
The average ghee import price stood at $4,908 per tonne in 2020, which is down by -11.6% against the previous year.

Product coverage:
• FCL 887 - Ghee from Cow Milk
• FCL 953 - Ghee, from Buffalo Milk

This report provides an in-depth analysis of the global ghee market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets and Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Physical Terms, by Country, 2007–2020
Table 7:
Imports, in Value Terms, by Country, 2007–2020
Table 8:
Import Prices, by Country of Destination, 2007–2020
Table 9:
Exports, in Physical Terms, by Country, 2007–2020
Table 10:
Exports, in Value Terms, by Country, 2007–2020
Table 11:
Export Prices, by Country of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
Figure 5:
Products: Market Size and Growth, by Type
Figure 6:
Products: Average Per Capita Consumption, by Type
Figure 7:
Products: Exports and Growth, by Type
Figure 8:
Products: Export Prices and Growth, by Type
Figure 9:
Production Volume and Growth
Figure 10:
Exports and Growth
Figure 11:
Export Prices and Growth
Figure 12:
Market Size and Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports and Growth
Figure 15:
Import Prices
Figure 16:
Production, in Physical Terms, 2007–2020
Figure 17:
Production, in Value Terms, 2007–2020
Figure 18:
Production, by Country, 2020
Figure 19:
Production, in Physical Terms, by Country, 2007–2020
Figure 20:
Imports, in Physical Terms, 2007–2020
Figure 21:
Imports, in Value Terms, 2007–2020
Figure 22:
Imports, in Physical Terms, by Country, 2020
Figure 23:
Imports, in Physical Terms, by Country, 2007–2020
Figure 24:
Imports, in Value Terms, by Country, 2007–2020
Figure 25:
Import Prices, by Country, 2007–2020
Figure 26:
Exports, in Physical Terms, 2007–2020
Figure 27:
Exports, in Value Terms, 2007–2020
Figure 28:
Exports, in Physical Terms, by Country, 2020
Figure 29:
Exports, in Physical Terms, by Country, 2007–2020
Figure 30:
Exports, in Value Terms, by Country, 2007–2020
Figure 31:
Export Prices, 2007–2020
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