U.S.: Ghee Market Overview 2021

Ghee Market Size in the U.S.

In 2020, after three years of growth, there was decline in the U.S. ghee market, when its value decreased by -X% to $X. Overall, consumption, however, recorded a prominent expansion. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Ghee Production in the U.S.

In value terms, ghee production soared to $X in 2020. In general, production showed a perceptible shrinkage. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Ghee production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Ghee Exports

Exports from the U.S.

In 2020, exports of ghee from the U.S. reduced markedly to X tonnes, with a decrease of -X% compared with the year before. Overall, exports showed a noticeable downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, ghee exports dropped significantly to $X in 2020. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes), Mexico (X tonnes) and China (X tonnes) were the main destinations of ghee exports from the U.S., with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ghee exported from the U.S. were Canada ($X), Mexico ($X) and China ($X), together accounting for X% of total exports.

China saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 tonne in 2020, jumping by X% against the previous year. Overall, the export price, however, saw a pronounced descent. The growth pace was the most rapid in 2012 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the Dominican Republic ($X per tonne), while the average price for exports to China ($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 Saudi Arabia, while the prices for the other major destinations experienced a decline.

Ghee Imports

Imports into the U.S.

In 2020, supplies from abroad of ghee decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, ghee imports fell significantly to $X in 2020. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then shrank remarkably in the following year.

Imports by Country

In 2020, Mexico (X tonnes) constituted the largest ghee supplier to the U.S., accounting for a X% share of total imports. Moreover, ghee imports from Mexico exceeded the figures recorded by the second-largest supplier, New Zealand (X tonnes), twofold. The third position in this ranking was occupied by Canada (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Mexico stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-X% per year) and Canada (+X% per year).

In value terms, Mexico ($X) constituted the largest supplier of ghee to the U.S., comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Mexico totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-X% per year) and Canada (+X% per year).

Import Prices by Country

In 2020, the average ghee import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, 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 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ghee in the world?

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India (3.8M tonnes) remains the largest ghee consuming country worldwide, accounting for 74% of total volume. Moreover, ghee consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (876K tonnes), fourfold.

What are the largest producers of ghee in the world?

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India (3.8M tonnes) constituted the country with the largest volume of ghee production, comprising approx. 73% of total volume. Moreover, ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan (876K tonnes), fourfold.

What are the leading suppliers of ghee to the U.S.?

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In value terms, Mexico ($36M) constituted the largest supplier of ghee to the U.S., comprising 43% of total imports. The second position in the ranking was occupied by New Zealand ($16M), with a 19% share of total imports. It was followed by Canada, with a 15% share.

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

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In value terms, Canada ($5.3M), Mexico ($4.7M) and China ($2.5M) were the largest markets for ghee exported from the U.S. worldwide, with a combined 74% share of total exports.

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

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In 2020, the average ghee export price amounted to $2,197 per tonne, rising by 18% against the previous year.

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

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The average ghee import price stood at $5,778 per tonne in 2020, with an increase of 2.6% against the previous year.

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