Somalia: Butter And Ghee Market 2020

Butter And Ghee Market Size in Somalia

The revenue of the butter and ghee market in Somalia amounted to $X in 2018, surging by X% against the previous year. In general, butter and ghee consumption continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Somalia butter and ghee consumption peaked in 2018 and is expected to retain its growth in the near future.

Butter And Ghee Production in Somalia

In value terms, butter and ghee production amounted to $X in 2018 estimated in export prices. In general, butter and ghee production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2010 when production volume increased by X% against the previous year. Somalia butter and ghee production peaked in 2018 and is likely to continue its growth in the immediate term.

Butter And Ghee Exports

Exports from Somalia

In 2018, the exports of butter and ghee from Somalia stood at X tons, picking up by X% against the previous year. In general, butter and ghee exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Somalia exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, butter and ghee exports totaled $X in 2018. Over the period under review, butter and ghee exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2009 when exports increased by X% year-to-year. Over the period under review, butter and ghee exports reached their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

In 2018, New Zealand (X tons), distantly followed by the Netherlands (X tons), Ireland (X tons), Belgium (X tons), Germany (X tons), France (X tons) and Belarus (X tons) represented the largest exporters of butter and ghee, together creating X% of total exports. Poland (X tons), the UK (X tons), Denmark (X tons), the U.S. (X tons) and Finland (X tons) occupied a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Somalia, while the other leaders experienced more modest paces of growth.

In value terms, the largest butter and ghee markets from Somalia were New Zealand ($X), the Netherlands ($X) and Ireland ($X), together accounting for X% of total exports. These countries were followed by Belgium, Germany, France, Belarus, Poland, Denmark, the UK, the U.S., Finland and Somalia, which together accounted for a further X terms of the main exporting countries, Somalia recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the butter and ghee export price in Somalia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price indicated remarkable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, butter and ghee export price increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. Over the period under review, the export prices for butter and ghee reached their maximum in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Denmark ($X per ton), while the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by New Zealand, while the other leaders experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Somalia

In 2018, the amount of butter and ghee imported into Somalia totaled X tons, jumping by X% against the previous year. Overall, butter and ghee imports continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Somalia imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, butter and ghee imports totaled $X in 2018. In general, butter and ghee imports continue to indicate an extraordinary expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, butter and ghee imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, France (X tons), the Netherlands (X tons), Germany (X tons), Belgium (X tons), Russia (X tons), China (X tons), the UK (X tons), Italy (X tons), Saudi Arabia (X tons), the U.S. (X tons), Indonesia (X tons) and Mexico (X tons) were the key importers of butter and ghee in the world, achieving X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Somalia, while the other leaders experienced more modest paces of growth.

In value terms, the largest butter and ghee importing markets into Somalia were France ($X), Germany ($X) and the Netherlands ($X), together comprising X% of total imports. Belgium, Russia, China, the UK, Italy, the U.S., Saudi Arabia, Mexico, Indonesia and Somalia lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the butter and ghee import price in Somalia amounted to $X per ton, approximately mirroring the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, the import prices for butter and ghee attained their peak figure in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform