Spain - Ghee - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain's Ghee Export Falls to $60 Million in 2023
Spain Ghee Exports
In 2023, approx. 9K tons of ghee were exported from Spain; which is down by -25% on the previous year's figure. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 50%. Over the period under review, the exports attained the maximum at 12K tons in 2022, and then contracted notably in the following year.
In value terms, ghee exports declined dramatically to $60M (IndexBox estimates) in 2023. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 79%. Over the period under review, the exports reached the maximum at $104M in 2022, and then shrank rapidly in the following year.
| COUNTRY | Export Value of Ghee in Spain (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Italy | 12.8 | 13.6 | 8.5 | 12.8 | 25.4 | 28.8 | 20.1 | 25.9 | 29.8 | 59.4 | 36.5 |
| France | 2.7 | 2.7 | 9.5 | 10.6 | 18.0 | 22.3 | 14.5 | 20.3 | 21.8 | 29.1 | 11.4 |
| Belgium | 1.1 | 2.8 | 1.8 | 4.9 | 4.9 | 7.5 | 6.9 | 4.9 | 7.0 | 10.4 | 8.3 |
| Portugal | 0.6 | 0.3 | 0.3 | 0.3 | 3.7 | 0.4 | 0.5 | 0.8 | 0.7 | 1.6 | 1.4 |
| Netherlands | 0.7 | 0.6 | 1.9 | 2.9 | 4.6 | 3.9 | 0.2 | 0.2 | N/A | 0.3 | 0.3 |
| Algeria | N/A | N/A | N/A | 0.2 | N/A | 2.6 | 3.5 | 2.5 | N/A | 0.7 | N/A |
| Others | 0.2 | 1.4 | 0.3 | 0.2 | 0.3 | 0.7 | 0.9 | 0.6 | 2.4 | 2.1 | 2.3 |
| Total | 18.1 | 21.5 | 22.2 | 31.7 | 56.8 | 66.2 | 46.8 | 55.2 | 61.7 | 104 | 60.2 |
Exports by Country
Italy (5.9K tons) was the main destination for ghee exports from Spain, accounting for a 65% share of total exports. Moreover, ghee exports to Italy exceeded the volume sent to the second major destination, France (1.5K tons), fourfold. Belgium (1.1K tons) ranked third in terms of total exports with a 12% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to Italy totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+13.9% per year) and Belgium (+21.6% per year).
In value terms, Italy ($37M) remains the key foreign market for ghee exports from Spain, comprising 61% of total exports. The second position in the ranking was taken by France ($11M), with a 19% share of total exports. It was followed by Belgium, with a 14% share.
From 2013 to 2023, the average annual rate of growth in terms of value to Italy stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+15.5% per year) and Belgium (+22.9% per year).
Export Prices by Country
In 2023, the ghee price stood at $6,660 per ton (FOB, Spain), dropping by -22.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 73%. Over the period under review, the average export prices reached the peak figure at $8,585 per ton in 2022, and then shrank dramatically in the following year.
Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were Portugal ($8,718 per ton) and the Netherlands ($7,575 per ton), while the average price for exports to Italy ($6,187 per ton) and France ($7,388 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the ghee market in Spain. 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 887 - Ghee from Cow Milk
- FCL 953 - Ghee, from Buffalo Milk
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Producing Animals Slaughtered, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
