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From 2016 to 2024, Ghee exports experienced a decline in growth, with the value dropping to $461M in 2024.
During the period analyzed, Ghee exports peaked at 12K tons in 2022 before experiencing a significant decline in the subsequent year. In terms of value, Ghee exports saw a dramatic decrease to $60M in 2023.
Ghee imports reached a peak of 36K tons in 2019; however, from 2020 to 2023, they struggled to regain momentum. In terms of value, ghee imports dramatically reduced to $225M in 2023.
During the review period, Ghee imports reached their highest point in 2023 and are projected to continue growing in the future. In terms of value, the import of Ghee increased to $56M in 2023.
Ghee imports reached a peak of 60K tons in 2015 but have struggled to regain momentum from 2016 to 2023. In terms of value, ghee imports drastically declined to $209M in 2023.
During the period analyzed, Ghee imports reached a peak of 36K tons in 2019. However, from 2020 to 2023, imports held steady at a lower level. In terms of value, Ghee imports significantly decreased to $225M in 2023.
The most significant increase occurred in June 2023 with a 78% monthly growth rate in imports. In terms of value, ghee imports declined to $4.6M in September 2023.
The exports of Ghee experienced a downward trend from April 2023 to September 2023, with a noticeable growth in September reaching a value of $9.6M.
In May 2023, ghee imports experienced a significant growth rate, increasing by 151% compared to the previous month. Furthermore, the value of ghee imports soared to $5.1M in July 2023.
Ghee prices in June 2023 remained relatively stable at $8,748 per ton (CIF, Qatar), compared to the previous month.
In April 2023, the Ghee price was $6,495 per ton (FOB, United Kingdom), representing a decrease of 3.9% compared to the previous month.
In April 2023, the Ghee price reached $7,248 per ton (CIF, France), showing a decrease of 7.3% compared to the previous month.
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