Switzerland: Ghee Market Overview 2021

Ghee Market Size in Switzerland

The Swiss ghee market skyrocketed to $X in 2020, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Ghee consumption peaked in 2020 and is likely to continue growth in years to come.

Ghee Exports

Exports from Switzerland

In 2020, shipments abroad of ghee decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, ghee exports shrank rapidly to $X in 2020. In general, exports recorded a buoyant expansion. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

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), threefold. The third position in this ranking was occupied by Indonesia (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to France amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Indonesia (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to France amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2020, the average ghee export price amounted to $X per tonne, jumping by X% against the previous year. In general, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure in 2020 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was China ($X per tonne), while the average price for exports to Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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 2020, the amount of ghee imported into Switzerland skyrocketed to X tonnes, jumping by X% against the previous year's figure. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, ghee imports soared to $X in 2020. Over the period under review, imports enjoyed strong growth. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Imports peaked in 2020 and are likely to see gradual growth in years to come.

Imports by Country

In 2020, 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), twofold. France (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Germany stood at +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 France, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms 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 France (+X% per year).

Import Prices by Country

In 2020, the average ghee import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform