Japan: Ghee Market Overview 2021

Ghee Market Size in Japan

In 2019, after two years of growth, there was significant decline in the Japanese ghee market, when its value decreased by -X% to $X. Overall, consumption continues to indicate a mild increase. The pace of growth appeared the most rapid in 2013 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Ghee Exports

Exports from Japan

In 2019, ghee exports from Japan declined significantly to X tonnes, reducing by -X% compared with 2018 figures. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

In value terms, ghee exports reduced rapidly to $X in 2019. In general, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

Exports by Country

India (X kg) was the main destination for ghee exports from Japan, accounting for a X% share of total exports. Moreover, ghee exports to India exceeded the volume sent to the second major destination, Cambodia (X kg), twofold.

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

In value terms, the largest markets for ghee exported from Japan were Singapore ($X), India ($X) and Cambodia ($X), together accounting for X% of total exports.

India recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average ghee export price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum 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 overseas markets. In 2019, the country with the highest price was Singapore ($X per tonne), while the average price for exports to India ($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 Singapore, while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into Japan

In 2019, supplies from abroad of ghee decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, ghee imports shrank dramatically to $X in 2019. Overall, imports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Singapore (X tonnes) constituted the largest ghee supplier to Japan, accounting for a X% share of total imports. Moreover, ghee imports from Singapore exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), twofold. The third position in this ranking was occupied by New Zealand (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Singapore totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and New Zealand (-X% per year).

In value terms, the largest ghee suppliers to Japan were Singapore ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total imports.

Germany recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average ghee import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, import price indicated a tangible expansion 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 2015 indices. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. The import price peaked at $X per tonne in 2018, and then declined in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Singapore ($X per tonne) was amongst the lowest.

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

+

India (3.7M tonnes) remains the largest ghee consuming country worldwide, 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?

+

India (3.7M tonnes) constituted the country with the largest volume of ghee production, 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 Japan?

+

In value terms, Singapore ($1.8M), the Netherlands ($1.3M) and Germany ($526K) constituted the largest ghee suppliers to Japan, with a combined 83% share of total imports.

What are the leading importers of ghee from Japan?

+

In value terms, Singapore ($3.4K), India ($2.3K) and Cambodia ($1.2K) were the largest markets for ghee exported from Japan worldwide, together accounting for 97% of total exports.

What is the average export price for ghee in Japan?

+

The average ghee export price stood at $5,514 per tonne in 2019, waning by -8.4% against the previous year.

What is the average import price for ghee in Japan?

+

In 2019, the average ghee import price amounted to $7,051 per tonne, shrinking by -5.7% against the previous year.