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

U.S.: Ghee Market Overview 2019

Ghee Market Size in the USA

The revenue of the ghee market in the U.S. amounted to $X in 2017, reducing by -X% against the previous year. In general, ghee consumption continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2008, when market value increased by X% y-o-y. Over the period under review, the ghee market attained its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Ghee Production in the USA

In 2017, production of ghee in the U.S. totaled X tonnes, jumping by X% against the previous year. In general, ghee production continues to indicate a prominent growth. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. The ghee production peaked of X tonnes in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Ghee Exports

Exports from the USA

Ghee exports from the U.S. stood at X tonnes in 2017, falling by -X% against the previous year. In general, ghee exports continue to indicate a temperate growth. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. In that year, the ghee exports reached their peak volume of X tonnes. From 2011 to 2017, growth of the ghee exports stood at a somewhat lower level.

In value terms, ghee exports amounted to $X in 2017. In general, ghee exports continue to indicate a remarkable expansion. In that year, the ghee exports attained their peak level of $X. From 2011 to 2017, growth of the ghee exports failed to regain its momentum.

Exports by Country

Algeria (X tonnes), Canada (X tonnes) and Mexico (X tonnes) were the main destinations of ghee exports from the U.S., together comprising X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Algeria (+X% per year), while the other leaders experienced more modest paces of growth.

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

From 2007 to 2017, the average annual growth rate of value to Algeria amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Mexico (+X% per year).

Export Prices by Country

The average ghee export price stood at $X per tonne in 2017, coming down by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008, an increase of X% y-o-y. Over the period under review, the average export prices for ghee reached its peak figure level of $X per tonne in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Denmark ($X per tonne), while average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Denmark (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into the USA

In 2017, the amount of ghee imported into the U.S. totaled X tonnes, reducing by -X% against the previous year. Overall, ghee imports continue to indicate a measured shrinkage. The pace of growth was the most pronounced in 2009, with an increase of X% year-to-year. The imports peaked of X tonnes in 2016, and then declined slightly in the following year.

In value terms, ghee imports amounted to $X in 2017. In general, ghee imports continue to indicate a remarkable increase. The imports peaked of $X in 2016, and then declined slightly in the following year.

Imports by Country

New Zealand (X tonnes), Mexico (X tonnes) and Australia (X tonnes) were the main suppliers of ghee imports to the U.S., with a combined X% share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Mexico (+X% per year), while the other leaders experienced mixed trend patterns.

In value terms, New Zealand ($X), Mexico ($X) and Canada ($X) constituted the largest ghee suppliers to the U.S., together accounting for X% of total imports.

In terms of the main suppliers, Mexico (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ghee import price stood at $X per tonne in 2017, going up by X% against the previous year. In general, ghee import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2011, an increase of X% against the previous year. The import price peaked in 2017, and is likely to see steady growth in the immediate term.

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

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Ireland (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform