Ireland: Ghee Market Overview 2021

Ghee Market Size in Ireland

In 2019, the Irish ghee market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption enjoyed pronounced growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Ghee consumption peaked at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Ghee Production in Ireland

In value terms, ghee production shrank significantly to $X in 2019 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2018, and then dropped significantly in the following year.

Ghee Exports

Exports from Ireland

Ghee exports from Ireland fell modestly to X tonnes in 2019, almost unchanged from the year before. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, ghee exports reduced dramatically to $X in 2019. Over the period under review, exports, however, showed a slight setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

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

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

In value terms, Belgium ($X) remains the key foreign market for ghee exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Belgium amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and France (+X% per year).

Export Prices by Country

In 2019, the average ghee export price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the export price saw a mild downturn. The growth pace was the most rapid in 2017 an increase of X% y-o-y. The export price peaked at $X per tonne in 2018, and then contracted notably in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to the UK ($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 Germany, while the prices for the other major destinations experienced a decline.

Ghee Imports

Imports into Ireland

In 2019, purchases abroad of ghee increased by X% to X tonnes, rising for the second consecutive year after two years of decline. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2016 to 2019, the growth imports failed to regain the momentum.

In value terms, ghee imports soared to $X in 2019. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, the Netherlands (X tonnes) constituted the largest supplier of ghee to Ireland, accounting for a X% share of total imports. Moreover, ghee imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), sixfold.

From 2007 to 2019, the average annual growth rate of volume from the Netherlands amounted to +X%.

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

From 2007 to 2019, the average annual growth rate of value from the Netherlands totaled +X%.

Import Prices by Country

The average ghee import price stood at $X per tonne in 2019, rising by X% against the previous year. Overall, import price indicated tangible growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. 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 pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices hit record highs in 2019 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for the UK totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK.

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 Ireland?

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In value terms, the Netherlands ($11M) constituted the largest supplier of ghee to Ireland, comprising 87% of total imports. The second position in the ranking was occupied by the UK ($1.4M), with a 11% share of total imports.

What are the leading importers of ghee from Ireland?

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In value terms, Belgium ($45M) remains the key foreign market for ghee exports from Ireland, comprising 66% of total exports. The second position in the ranking was occupied by the UK ($9.7M), with a 14% share of total exports. It was followed by France, with a 7.9% share.

What is the average export price for ghee in Ireland?

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The average ghee export price stood at $5,446 per tonne in 2019, dropping by -24.6% against the previous year.

What is the average import price for ghee in Ireland?

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In 2019, the average ghee import price amounted to $5,996 per tonne, increasing by 25% against the previous year.