IndexBox, Inc. has just published a new report "World – Ghee – Market Analysis, Forecast, Size, Trends and Insights". Here is a summary of the report’s key findings.
Ghee Imports
The imports totaled 411K tonnes in 2017, declining by -7.9% against the previous year level. Overall, ghee imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, when import increased by 13% y-o-y. Over the period under review, ghee imports attained its maximum volume of 446K tonnes in 2016, falling back in the following year.
In value terms, ghee imports totaled $2.4B in 2017. Overall, it indicated a prominent increase from 2007 to 2017: the total imports value increased at an average annual rate of +0.9% over the last ten years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2017, ghee imports increased by +39.9% against its level of 2015. Global import peaked in 2017, and are likely to see steady growth in the near future.
Ghee Imports By Country
Mexico (37K tonnes), Belgium (37K tonnes), Italy (30K tonnes), the Philippines (28K tonnes), France (26K tonnes), China (26K tonnes), Germany (20K tonnes), Saudi Arabia (14K tonnes), the U.S. (13K tonnes), Viet Nam (12K tonnes), Indonesia (10K tonnes), and the United Arab Emirates (10K tonnes) represented roughly 64% of total imports of ghee in 2017.
From 2007 to 2017, the most notable growth rate of imports, among the main importing countries, was attained by China (+19.7% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the largest ghee markets worldwide were Belgium ($241M), Mexico ($200M), and Italy ($195M), with a combined 27% share of global imports. France, China, the Philippines, Germany, Saudi Arabia, the U.S., Viet Nam, the United Arab Emirates and Indonesia lagged somewhat behind, together comprising a further 39%.
China (+31.3% per year) experienced the highest growth rate of imports, in terms of the main importing countries, over the last 10 year period, while the other global leaders experienced more modest paces of growth.
Ghee Import Prices By Country
In 2017, the average import price for ghee amounted to $5,776 per tonne, moving up by 48% against the previous year. Overall, it indicated a remarkable expansion from 2007 to 2017: the import price increased at an average annual rate of +5.2% over the last ten years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017, when import price increased by 48% y-o-y. In that year, average import price for ghee reached its maximum level, and is likely to continue its growth in the immediate term.
Import prices varied noticeably by country of destination; the country with the highest import price was France ($6,746 per tonne), while Indonesia ($3,848 per tonne) was among the lowest.
From 2007 to 2017, the most notable growth rate of import prices was attained by the U.S. (+10.1% per year), while the other global leaders experienced more modest paces of growth.
Description
This report provides an in-depth analysis of the global ghee market. 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 2025.
Companies Mentioned
Arla Foods A.m.b.a, NESTLE UK LTD., SPA CEVITAL, UNILEVER SANAYI VE TICARET TURK ANONIM SIRKETI, Soprole S.A., DAIRY CREST GROUP PLC, ORNUA FOODS UK LIMITED, NÖM AG, SUCESORES DE ALFREDO WILLINER S.A., Yingang Wood based Panel co. Ltd. CNSIC, Obersteirische Molkerei eGen, UNILEVER BCS UK LIMITED, THE TATUA CO-OPERATIVE DAIRY COMPANY LIMITED, GLANBIA CHEESE LIMITED, FLECHARD SAS LAITERIE DU PONT MORIN, SOCIETE BEURRIERE D'ISIGNY, Milchwerk Jäger GmbH, CANELIA PETIT FAYT BEURRE, Thise Mejeri A.M.B.A., Gay Lea Foods Co-Operative Limited, ORNUA INGREDIENTS UK LIMITED, SOCIETE BEURRIERE DE RETIERS, Betania Lacteos S/A, GLAXOSMITHKLINE CONSUMER HEALTHCARE LIMITED, DANON DNIPRO, TOV, Grassland Dairy Products, Inc., DAIRYGOLD FOOD INGREDIENTS (UK) LIMITED, KÄRNTNERMILCH, registrierte Genossenschaft mit beschränkter Haftung, RIGAS PIENA KOMBINATS AS, YAGOTYNSKY MASLOZAVOD, PAT, THE CALEDONIAN CHEESE COMPANY LIMITED, TEKSUT SUT MAMULLERI SANAYI VE TICARET ANONIM SIRKETI, WYKE FARMS LTD, INTREPRINDEREA MIXTA FABRICA DE BRINZETURI DIN SOROCA, SA, JOSEPH HELER LIMITED, VINNYTSKY MOLOCHNY ZAVOD ROSHEN, PAT, ROILVEST LIMITED, PRIMA CHEESE LIMITED, Diwatts S.A., Cremo Ingredients A/S, LYUSTDORF, TOV, Cia Agricola y Lechera Quillayes de Peteroa Limitada, ZHYTOMYRSKY MASLOZAVOD, PAT, Lactosan A/S, TUKUMA PIENS AS, Preilu siers AS, DUBNOMOLOKO, PAT, Nørager Mejeri A/S, Barbosa & Marques S/A, Industria Lechera De Puerto Rico, Inc.
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Media Contact
Company Name: IndexBox, Inc.
Contact Person: Narmin Baazova
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Country: United States
Website: https://www.indexbox.io
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