Switzerland: Ghee Market Overview 2021

Ghee Market Size in Switzerland

After three years of growth, the Swiss ghee market decreased by -X% to $X in 2019. Overall, consumption, however, continues to indicate prominent growth. The growth pace was the most rapid in 2013 when the market value increased by X% against the previous year. Ghee consumption peaked at $X in 2018, and then shrank dramatically in the following year.

Ghee Production in Switzerland

In value terms, ghee production amounted to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a resilient increase. Ghee production peaked at $X in 2016; however, from 2017 to 2019, production failed to regain the momentum.

Ghee Exports

Exports from Switzerland

Ghee exports from Switzerland declined sharply to X tonnes in 2019, waning by -X% on 2018. In general, exports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. From 2017 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, ghee exports soared to $X in 2019. Over the period under review, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2017 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

France (X tonnes) was the main destination for ghee exports from Switzerland, with a X% share of total exports. Moreover, ghee exports to France exceeded the volume sent to the second major destination, Singapore (X tonnes), eightfold. The Netherlands (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and the Netherlands (+X% per year).

In value terms, France ($X) emerged as the key foreign market for ghee exports from Switzerland, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2019, the average annual growth rate of value to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and China (+X% per year).

Export Prices by Country

The average ghee export price stood at $X per tonne in 2019, growing by X% against the previous year. Overall, the export price showed a resilient expansion. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Indonesia ($X per tonne), while the average price for exports to the UK ($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 France, while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into Switzerland

In 2019, after two years of growth, there was significant decline in overseas purchases of ghee, when their volume decreased by -X% to X tonnes. Overall, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2018, and then contracted markedly in the following year.

In value terms, ghee imports shrank dramatically to $X in 2019. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2018, and then declined rapidly in the following year.

Imports by Country

In 2019, Germany (X tonnes) constituted the largest supplier of ghee to Switzerland, with a X% share of total imports. Moreover, ghee imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), fourfold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of ghee to Switzerland, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

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

Import Prices by Country

The average ghee import price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The import price peaked at $X per tonne in 2018, and then contracted in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, 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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The country with the largest volume of ghee consumption was India (3.7M tonnes), 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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The country with the largest volume of ghee production was India (3.7M tonnes), 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 Switzerland?

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In value terms, Germany ($541K) constituted the largest supplier of ghee to Switzerland, comprising 54% of total imports. The second position in the ranking was occupied by the Netherlands ($214K), with a 21% share of total imports. It was followed by Belgium, with a 5.6% share.

What are the leading importers of ghee from Switzerland?

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In value terms, France ($246K) emerged as the key foreign market for ghee exports from Switzerland, comprising 71% of total exports. The second position in the ranking was occupied by Singapore ($19K), with a 5.5% share of total exports. It was followed by China, with a 5% share.

What is the average export price for ghee in Switzerland?

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The average ghee export price stood at $18,413 per tonne in 2019, with an increase of 114% against the previous year.

What is the average import price for ghee in Switzerland?

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In 2019, the average ghee import price amounted to $7,613 per tonne, shrinking by -11.9% against the previous year.