Poland: Ghee Market Overview 2021

Ghee Market Size in Poland

In 2019, after three years of growth, there was significant decline in the Polish ghee market, when its value decreased by -X% to $X. Over the period under review, consumption, however, recorded tangible growth. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2018, and then shrank rapidly in the following year.

Ghee Exports

Exports from Poland

In 2019, shipments abroad of ghee increased by X% to X tonnes, rising for the third year in a row after five years of decline. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in years to come.

In value terms, ghee exports skyrocketed to $X in 2019. In general, exports recorded strong growth. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tonnes), Italy (X tonnes) and Lithuania (X tonnes) were the main destinations of ghee exports from Poland, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Italy (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Italy ($X) and Lithuania ($X) were the largest markets for ghee exported from Poland worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Italy (+X% per year) saw the highest rates of growth with regard to the value of exports, 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 ghee export price amounted to $X per tonne, approximately mirroring the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices failed to regain the momentum.

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

Ghee Imports

Imports into Poland

In 2019, supplies from abroad of ghee increased by X% to X tonnes, rising for the fifth consecutive year after three years of decline. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2019 and are likely to see gradual growth in the immediate term.

In value terms, ghee imports reduced to $X in 2019. In general, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018, and then contracted in the following year.

Imports by Country

The Netherlands (X tonnes), Germany (X tonnes) and Austria (X tonnes) were the main suppliers of ghee imports to Poland, with a combined X% share of total imports. Belgium, the UK and Lithuania lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK, while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Austria ($X) appeared to be the largest ghee suppliers to Poland, together accounting for X% of total imports. These countries were followed by Belgium, the UK and Lithuania, which together accounted for a further X UK recorded the highest growth rate of 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, reducing by -X% against the previous year. Overall, import price indicated a notable 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. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2018, and then shrank in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were Austria ($X per tonne) and Germany ($X per tonne), while the price for Lithuania ($X per tonne) and the Netherlands ($X per tonne) were 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?

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India (3.7M tonnes) remains the largest ghee consuming country worldwide, accounting for 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, comprising approx. 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 Poland?

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In value terms, the Netherlands ($19M), Germany ($12M) and Austria ($3.2M) constituted the largest ghee suppliers to Poland, with a combined 86% share of total imports. Belgium, the UK and Lithuania lagged somewhat behind, together accounting for a further 11%.

What are the leading importers of ghee from Poland?

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In value terms, the largest markets for ghee exported from Poland were Saudi Arabia ($7.5M), Italy ($4.8M) and Lithuania ($1.3M), together accounting for 81% of total exports.

What is the average export price for ghee in Poland?

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In 2019, the average ghee export price amounted to $4,008 per tonne, leveling off at the previous year.

What is the average import price for ghee in Poland?

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In 2019, the average ghee import price amounted to $6,457 per tonne, with a decrease of -12.2% against the previous year.