Report U.S. - Ghee - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 9, 2023

U.S. - Ghee - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Ghee Market 2023

Ghee Market Size in the U.S.

After two years of growth, the U.S. ghee market decreased by -69.4% to $X in 2021. Over the period under review, consumption recorded a slight slump. Over the period under review, the market reached the peak level at $X in 2020, and then shrank remarkably in the following year.

Ghee Production in the U.S.

In value terms, ghee production declined sharply to $X in 2021. Over the period under review, production, however, saw buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 133% against the previous year. Ghee production peaked at $X in 2020, and then declined notably in the following year.

Ghee Exports

Exports from the U.S.

In 2021, after two years of decline, there was significant growth in shipments abroad of ghee, when their volume increased by 129% to X tons. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 217% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, ghee exports surged to $X in 2021. Overall, exports posted buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 306%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), the Dominican Republic (X tons) and Saudi Arabia (X tons) were the main destinations of ghee exports from the United States, together comprising 51% of total exports. Canada, Mexico, Singapore, Thailand and South Korea lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +176.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Saudi Arabia ($X) and the Dominican Republic ($X) were the largest markets for ghee exported from the United States worldwide, together comprising 54% of total exports. These countries were followed by Mexico, Canada, Singapore, Thailand and South Korea, which together accounted for a further 33%.

In terms of the main countries of destination, Singapore, with a CAGR of +198.4%, 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

The average ghee export price stood at $X per ton in 2021, with an increase of 20% against the previous year. Over the period under review, the export price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into the U.S.

In 2021, overseas purchases of ghee decreased by -48.5% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 65%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, ghee imports fell rapidly to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 76% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

New Zealand (X tons), India (X tons) and Mexico (X tons) were the main suppliers of ghee imports to the United States, with a combined 86% share of total imports. These countries were followed by Canada and Chile, which together accounted for a further 9.6%.

From 2012 to 2021, the biggest increases were in Chile (with a CAGR of +54.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ghee suppliers to the United States were New Zealand ($X), Mexico ($X) and India ($X), with a combined 79% share of total imports. These countries were followed by Canada and Chile, which together accounted for a further 14%.

Chile, with a CAGR of +55.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ghee import price stood at $X per ton in 2021, declining by -15.4% against the previous year. Overall, the import price saw a pronounced reduction. The growth pace was the most rapid in 2017 when the average import price increased by 24%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Chile ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for ghee in the world?
+
India constituted the country with the largest volume of ghee consumption, accounting for 78% of total volume. Moreover, ghee consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, sevenfold.
What are the largest producers of ghee in the world?
+
India constituted the country with the largest volume of ghee production, accounting for 76% of total volume. Moreover, ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan, sevenfold. New Zealand ranked third in terms of total production with a 6.9% share.
What are the leading suppliers of ghee to the U.S.?
+
In value terms, New Zealand, Mexico and India appeared to be the largest ghee suppliers to the United States, with a combined 79% share of total imports. Canada and Chile lagged somewhat behind, together comprising a further 14%.
What are the leading importers of ghee from the U.S.?
+
In value terms, the largest markets for ghee exported from the United States were China, Saudi Arabia and the Dominican Republic, together accounting for 54% of total exports. Mexico, Canada, Singapore, Thailand and South Korea lagged somewhat behind, together accounting for a further 33%.
What is the average export price for ghee in the U.S.?
+
The average ghee export price stood at $2,888 per ton in 2021, jumping by 20% against the previous year.
What is the average import price for ghee in the U.S.?
+
The average ghee import price stood at $3,262 per ton in 2021, reducing by -15.4% against the previous year.

This report provides an in-depth analysis of the ghee market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 887 - Ghee from Cow Milk
• FCL 953 - Ghee, from Buffalo Milk
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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