MERCOSUR: Ghee Market 2024

Ghee Market Size in MERCOSUR

In 2022, after two years of growth, there was decline in the MERCOSUR ghee market, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded tangible growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Ghee Production in MERCOSUR

In value terms, ghee production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Argentina (X tons) constituted the country with the largest volume of ghee production, accounting for X% of total volume. Moreover, ghee production in Argentina exceeded the figures recorded by the second-largest producer, Chile (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Argentina totaled X%. In the other countries, the average annual rates were as follows: Chile (X% per year) and Uruguay (X% per year).

Ghee Exports

Exports in MERCOSUR

In 2022, the amount of ghee exported in MERCOSUR soared to X tons, surging by X% on 2021 figures. Overall, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ghee exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina was the major exporter of ghee in MERCOSUR, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Chile (X tons) held the second position in the ranking, distantly followed by Uruguay (X tons). All these countries together took approx. X% share of total exports.

Exports from Argentina increased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%) and Uruguay (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. While the share of Chile (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Uruguay (X p.p.) and Argentina (X p.p.) displayed negative dynamics.

In value terms, Argentina ($X) emerged as the largest ghee supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports.

In Argentina, ghee exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (X% per year) and Uruguay (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated notable 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 pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Ghee Imports

Imports in MERCOSUR

Ghee imports fell to X tons in 2022, which is down by X% on the previous year. Total imports indicated a mild increase from 2012 to 2022: its volume 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 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ghee imports soared to $X in 2022. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Peru represented the major importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Brazil (X tons), generating a X% share of total imports. The following importers - Suriname (X tons) and Guyana (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ghee imports into Peru stood at X%. At the same time, Suriname (X%) and Guyana (X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Brazil experienced a relatively flat trend pattern. Peru (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) constitutes the largest market for imported ghee in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Suriname, with a X% share.

In Peru, ghee imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Suriname (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated moderate 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 import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :