Report U.S. - Butter and Ghee - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 10, 2023

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

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U.S.: Butter And Ghee Market 2023

Butter And Ghee Market Size in the U.S.

The U.S. butter and ghee market amounted to $X in 2021, with an increase of 2.5% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Butter And Ghee Production in the U.S.

In value terms, butter and ghee production rose notably to $X in 2021. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 16%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Butter And Ghee Exports

Exports from the U.S.

In 2021, overseas shipments of butter and ghee increased by 114% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw modest growth. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, butter and ghee exports soared to $X in 2021. Over the period under review, exports showed a tangible expansion. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for butter and ghee exports from the United States, accounting for a 30% share of total exports. Moreover, butter and ghee exports to Canada exceeded the volume sent to the second major destination, Bahrain (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+24.3% per year) and Saudi Arabia (-12.6% per year).

In value terms, Canada ($X) remains the key foreign market for butter and ghee exports from the United States, comprising 33% of total exports. The second position in the ranking was held by Bahrain ($X), with a 10% share of total exports. It was followed by Saudi Arabia, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+23.2% per year) and Saudi Arabia (-11.4% per year).

Export Prices by Country

In 2021, the average butter and ghee export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 9.5% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to China ($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 Australia (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into the U.S.

In 2021, after three years of growth, there was significant decline in purchases abroad of butter and ghee, when their volume decreased by -7.9% to X tons. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 70%. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, butter and ghee imports expanded markedly to $X in 2021. Overall, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2015 when imports increased by 63%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Ireland (X tons) constituted the largest supplier of butter and ghee to the United States, accounting for a 58% share of total imports. Moreover, butter and ghee imports from Ireland exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), threefold. India (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ireland stood at +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+0.4% per year) and India (+40.3% per year).

In value terms, Ireland ($X) constituted the largest supplier of butter and ghee to the United States, comprising 71% of total imports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total imports. It was followed by France, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Ireland stood at +40.8%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+3.3% per year) and France (+19.3% per year).

Import Prices by Country

The average butter and ghee import price stood at $X per ton in 2021, growing by 15% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 28%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.4%), 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 butter and ghee in the world?
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The country with the largest volume of butter and ghee consumption was India, accounting for 38% of total volume. Moreover, butter and ghee consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, fourfold. The United States ranked third in terms of total consumption with a 7.7% share.
What are the largest producers of butter and ghee in the world?
+
India constituted the country with the largest volume of butter and ghee production, accounting for 38% of total volume. Moreover, butter and ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan, fourfold. The United States ranked third in terms of total production with a 7.5% share.
What are the leading suppliers of butter and ghee to the U.S.?
+
In value terms, Ireland constituted the largest supplier of butter and ghee to the United States, comprising 71% of total imports. The second position in the ranking was held by New Zealand, with a 13% share of total imports. It was followed by France, with a 4.8% share.
What are the leading importers of butter and ghee from the U.S.?
+
In value terms, Canada remains the key foreign market for butter and ghee exports from the United States, comprising 33% of total exports. The second position in the ranking was taken by Bahrain, with a 10% share of total exports. It was followed by Saudi Arabia, with a 9.4% share.
What is the average export price for butter and ghee in the U.S.?
+
The average butter and ghee export price stood at $3,732 per ton in 2021, flattening at the previous year.
What is the average import price for butter and ghee in the U.S.?
+
In 2021, the average butter and ghee import price amounted to $5,977 per ton, increasing by 15% against the previous year.

This report provides an in-depth analysis of the butter and 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 983 - Butter and Ghee of Sheep Milk
• FCL 1022 - Butter of Goat Milk
• FCL 952 - Butter of Buffalo Milk
• FCL 886 - Butter of Cow Milk
• 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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