U.S. - Butter And Ghee - Market Analysis, Forecast, Size, Trends and Insights
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View PricingButter And Ghee Prices in the United States
U.S. Butter And Ghee Import Price per Ton in June 2022
In June 2022, the butter and ghee price per ton stood at $6.7K (CIF, US), with an increase of 13% against the previous month. Over the period from January 2022 to June 2022, it increased at an average monthly rate of +3.1%. The growth pace was the most rapid in May 2022 an increase of 42% month-to-month. The import price peaked in June 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($9.1K per ton), while the price for Australia ($4.2K per ton) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by India (+37.0%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Butter And Ghee Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In August 2022, the product with the highest price was butter and dairy spreads ($8.9K per ton), while the price for ghee amounted to $3.6K per ton.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by ghee (+5.4%).
U.S. Butter And Ghee Imports
Butter and ghee imports into the United States shrank dramatically to 5.4K tons in August 2022, dropping by -32.2% on July 2022. Overall, total imports indicated a noticeable expansion from January 2022 to August 2022: its volume increased at an average monthly rate of +3.4% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports decreased by -32.2% against July 2022 indices. The pace of growth appeared the most rapid in March 2022 when imports increased by 54% m-o-m.
In value terms, butter and ghee imports shrank rapidly to $41M (IndexBox estimates) in August 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth was the most pronounced in July 2022 when imports increased by 46% m-o-m. As a result, imports reached the peak of $59M, and then reduced rapidly in the following month.
U.S. Butter And Ghee Imports by Type
In August 2022, butter and dairy spreads (4.1K tons) constituted the largest type of butter and ghee supplied to the United States, with a 76% share of total imports. Moreover, butter and dairy spreads exceeded the figures recorded for the second-largest type, ghee (1.3K tons), threefold.
From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of import of butter and dairy spreads totaled +4.2%.
In value terms, butter and dairy spreads ($36M) constituted the largest type of butter and ghee supplied to the United States, comprising 89% of total imports. The second position in the ranking was taken by ghee ($4.6M), with an 11% share of total imports.
U.S. Butter And Ghee Imports by Country
In June 2022, Ireland (3K tons) constituted the largest supplier of butter and ghee to the United States, accounting for a 49% share of total imports. Moreover, butter and ghee imports from Ireland exceeded the figures recorded by the second-largest supplier, France (201 tons), more than tenfold. The third position in this ranking was taken by New Zealand (141 tons), with a 2.3% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of volume from Ireland amounted to +8.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: France (-4.6% per month) and New Zealand (-24.4% per month).
In value terms, Ireland ($27M) constituted the largest supplier of butter and ghee to the United States, comprising 66% of total imports. The second position in the ranking was taken by France ($1.7M), with a 4.3% share of total imports. It was followed by New Zealand, with a 2.9% share.
From January 2022 to June 2022, the average monthly growth rate of value from Ireland totaled +14.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: France (-2.3% per month) and New Zealand (-21.4% per month).
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:
- 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
- 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 VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the butter and ghee market in the U.S..
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This report provides an in-depth analysis of the ghee market in the U.S..
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This report provides an in-depth analysis of the market for butter and dairy spreads in the U.S..
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This report provides an in-depth analysis of the dairy spread market in the U.S..
991
This report provides an in-depth analysis of the butter market in the U.S..
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This report provides an in-depth analysis of the dairy produce market in the U.S..
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This report provides an in-depth analysis of the global butter and ghee market.
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This report provides an in-depth analysis of the global ghee market.
760
This report provides an in-depth analysis of the global market for butter and dairy spreads.
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This report provides an in-depth analysis of the global dairy spread market.
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In February 2023, the price of butter and ghee per ton (CIF, US) was $7,599, a 15% increase from the previous month.
189
In terms of value, imports of Dairy Spread decreased to $2M in May 2023.
340
In July 2022, the butter price per ton amounted to $8,535 per ton, which is down by less than 0.1% against the previous month.
744
In May 2022, the butter price per ton amounted to $6,839 per ton, surging by 9.6% against the previous month.
1521
The average price for Grade AA butter in the U.S. amounted to $2.02 per pound on December 11, 2021, increasing by 40% from the same period last year. Reducing milk cow herd, labour shortage, and the rising packaging materials costs constrain production growth, leading to insufficient supply in the market that results in the butter price surge. Demand for butter typically picks in Q4, when Americans consume more holiday cookies and other traditional dishes. In December, butter prices picked up 3.7% compared to the figures a month earlier.
205
In value terms, dairy produce exports surged to $511M in March 2023.
7542
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
2724
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
6206
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
6658
In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
