U.S.: Ghee Market Overview 2021

Ghee Market Size in the U.S.

In 2019, the U.S. ghee market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. Ghee consumption peaked at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Ghee Production in the U.S.

In value terms, ghee production expanded modestly to $X in 2019. Over the period under review, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.

Ghee Exports

Exports from the U.S.

In 2019, the amount of ghee exported from the U.S. shrank sharply to X tonnes, waning by -X% on 2018. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes, and then dropped sharply in the following year.

In value terms, ghee exports reduced remarkably to $X in 2019. Overall, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes) was the main destination for ghee exports from the U.S., accounting for a X% share of total exports. Moreover, ghee exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), threefold. The third position in this ranking was occupied by Colombia (X tonnes), with a X% share.

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

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

From 2007 to 2019, the average annual growth rate of value to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Colombia (+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. Over the period under review, the export price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2019, the highest prices were recorded for prices to Colombia ($X per tonne) and Saudi Arabia ($X per tonne), while the average price for exports to Canada ($X per tonne) and China ($X per tonne) were 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 a decline.

Ghee Imports

Imports into the U.S.

In 2019, ghee imports into the U.S. shrank modestly to X tonnes, which is down by -X% compared with the year before. In general, imports showed a mild decline. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, ghee imports expanded markedly to $X in 2019. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum in 2019 and are expected to retain growth in years to come.

Imports by Country

Mexico (X tonnes), New Zealand (X tonnes) and Chile (X tonnes) were the main suppliers of ghee imports to the U.S., together accounting for X% of total imports.

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

In value terms, Mexico ($X), New Zealand ($X) and Chile ($X) appeared to be the largest ghee suppliers to the U.S., with a combined X% share of total imports.

Among the main suppliers, Chile (+X% per year) recorded the highest growth rate of the value of imports, 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, with an increase of X% against the previous year. Overall, the import price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices hit record highs in 2019 and is likely to continue growth in the immediate term.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, 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?

+

India (3.7M tonnes) constituted the country with the largest volume of ghee consumption, 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?

+

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 the U.S.?

+

In value terms, Mexico ($50M), New Zealand ($25M) and Chile ($7.3M) appeared to be the largest ghee suppliers to the U.S., with a combined 82% share of total imports.

What are the leading importers of ghee from the U.S.?

+

In value terms, Canada ($11M) emerged as the key foreign market for ghee exports from the U.S., comprising 52% of total exports. The second position in the ranking was occupied by Mexico ($4.3M), with a 21% share of total exports. It was followed by Colombia, with a 14% share.

What is the average export price for ghee in the U.S.?

+

The average ghee export price stood at $1,867 per tonne in 2019, increasing by 5.6% against the previous year.

What is the average import price for ghee in the U.S.?

+

In 2019, the average ghee import price amounted to $7,251 per tonne, with an increase of 11% against the previous year.