Latest Report Update: Mar 22, 2021

Philippines - Butter And Ghee - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Butter And Ghee Market Overview 2021

Butter And Ghee Market Size in the Philippines

In 2019, the Philippine butter and ghee market increased by X% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, consumption showed a remarkable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Butter and ghee consumption peaked in 2019 and is expected to retain growth in years to come.

Butter And Ghee Exports

Exports from the Philippines

In 2019, approx. X tonnes of butter and ghee were exported from the Philippines; shrinking by -X% against the year before. Overall, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, butter and ghee exports shrank to $X in 2019. Over the period under review, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2018 to 2019, the growth exports failed to regain the momentum.

Exports by Country

The United Arab Emirates (X tonnes), Qatar (X tonnes) and Saudi Arabia (X tonnes) were the main destinations of butter and ghee exports from the Philippines, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butter and ghee exported from the Philippines were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together accounting for X% of total exports.

Saudi Arabia (+X% per year) recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average butter and ghee export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Brunei Darussalam ($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 more modest paces of growth.

Butter And Ghee Imports

Imports into the Philippines

Butter and ghee imports into the Philippines was estimated at X tonnes in 2019, approximately mirroring 2018. Overall, imports recorded resilient growth. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, butter and ghee imports stood at $X in 2019. In general, imports saw a strong increase. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in years to come.

Imports by Country

In 2019, New Zealand (X tonnes) constituted the largest supplier of butter and ghee to the Philippines, with a X% share of total imports. It was followed by China (X tonnes), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from New Zealand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Indonesia (+X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of butter and ghee to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from New Zealand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

The average butter and ghee import price stood at $X per tonne in 2019, leveling off at the previous year. Overall, import price indicated a strong increase 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, butter and ghee import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2018, and then reduced modestly in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butter and ghee in the world?
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India (4.6M tonnes) constituted the country with the largest volume of butter and ghee consumption, accounting for 39% of total volume. Moreover, butter and ghee consumption in India exceeded the figures recorded by the second-largest consumer, the U.S. (991K tonnes), fivefold. Pakistan (853K tonnes) ranked third in terms of total consumption with a 7.3% share.
What are the largest producers of butter and ghee in the world?
+
India (4.6M tonnes) constituted the country with the largest volume of butter and ghee production, comprising approx. 39% of total volume. Moreover, butter and ghee production in India exceeded the figures recorded by the second-largest producer, the U.S. (967K tonnes), fivefold. Pakistan (852K tonnes) ranked third in terms of total production with a 7.2% share.
What are the leading suppliers of butter and ghee to the Philippines?
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In value terms, New Zealand ($172M) constituted the largest supplier of butter and ghee to the Philippines, comprising 90% of total imports. The second position in the ranking was occupied by China ($4.9M), with a 2.6% share of total imports.
What are the leading importers of butter and ghee from the Philippines?
+
In value terms, the United Arab Emirates ($143K), Saudi Arabia ($100K) and Qatar ($91K) were the largest markets for butter and ghee exported from the Philippines worldwide, with a combined 60% share of total exports.
What is the average export price for butter and ghee in the Philippines?
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The average butter and ghee export price stood at $3,711 per tonne in 2019, reducing by -2% against the previous year.
What is the average import price for butter and ghee in the Philippines?
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In 2019, the average butter and ghee import price amounted to $5,761 per tonne, almost unchanged from the previous year.

Product coverage:
• FCL 983 - Butter and Ghee of Sheep Milk
• FCL 1022 - Butter of Goat Milk
• FCL 952 - Butter of Buffalo Milk
• FCL 886 - Butter of Cow Milk
• FCL 887 - Ghee from Cow Milk
• FCL 953 - Ghee, from Buffalo Milk

This report provides an in-depth analysis of the butter and ghee market in the Philippines. 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.


Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020