Report Update Nov 1, 2024

Eastern Asia - Ghee - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Asia: Ghee Market 2024

Ghee Market Size in Eastern Asia

For the third consecutive year, the East Asian ghee market recorded growth in sales value, which increased by 32% to $X in 2022. Over the period under review, consumption saw a resilient increase. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Ghee Production in Eastern Asia

In value terms, ghee production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 25% against the previous year. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in the near future.

Democratic People's Republic of Korea (X kg) constituted the country with the largest volume of ghee production, accounting for 100% of total volume.

In Democratic People's Republic of Korea, ghee production remained relatively stable over the period from 2012-2022.

Ghee Exports

Exports in Eastern Asia

In 2022, overseas shipments of ghee increased by 26% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports showed strong growth. The growth pace was the most rapid in 2021 with an increase of 266% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ghee exports surged to $X in 2022. Overall, exports posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 312% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, accounting for X tons, which was near 97% of total exports in 2022. Taiwan (Chinese) (X tons) took a relatively small share of total exports.

China was also the fastest-growing in terms of the ghee exports, with a CAGR of +42.6% from 2012 to 2022. Taiwan (Chinese) (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +87 percentage points.

In value terms, China ($X) remains the largest ghee supplier in Eastern Asia, comprising 96% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +43.3%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2016 an increase of 16%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.2%).

Ghee Imports

Imports in Eastern Asia

Ghee imports skyrocketed to X tons in 2022, jumping by 19% against the previous year. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 49% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, ghee imports surged to $X in 2022. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 94%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) represented the key importer of ghee, achieving 87% of total imports. It was distantly followed by Taiwan (Chinese) (X tons), constituting a 10% share of total imports.

China was also the fastest-growing in terms of the ghee imports, with a CAGR of +5.6% from 2012 to 2022. Taiwan (Chinese) experienced a relatively flat trend pattern. China (+9.1 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) saw its share reduced by -7.2% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported ghee in Eastern Asia, comprising 88% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.6% share of total imports.

In China, ghee imports increased at an average annual rate of +11.1% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by 20% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ghee import price increased by +28.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 50%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ghee in Eastern Asia?

The country with the largest volume of ghee consumption was China, comprising approx. 82% of total volume. Moreover, ghee consumption in China exceeded the figures recorded by the second-largest consumer, Taiwan Chinese), sixfold.

What are the leading exporters of ghee in Eastern Asia?

In value terms, China remains the largest ghee supplier in Eastern Asia.

What are the leading importers of ghee in Eastern Asia?

In value terms, China constitutes the largest market for imported ghee in Eastern Asia, comprising 81% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 15% share of total imports.

What is the average export price for ghee in Eastern Asia?

The ghee export price in Eastern Asia stood at $5,142 per ton in 2021, with an increase of 16% against the previous year.

What is the average import price for ghee in Eastern Asia?

The ghee import price in Eastern Asia stood at $5,373 per ton in 2021, increasing by 8.3% against the previous year.

This report provides an in-depth analysis of the ghee market in Eastern Asia. 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:

China
Hong Kong SAR
Macao SAR
Japan
South Korea
Taiwan (Chinese)
Democratic People's Republic of Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Eastern Asia, split by region and country
Trade (exports and imports) in Eastern Asia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Producing Animals, By Country, 2012-2023
7. Yield, By Country, 2012-2023
8. Imports, In Physical Terms, By Country, 2012–2023
9. Imports, In Value Terms, By Country, 2012–2023
10. Import Prices, By Country Of Destination, 2012–2023
11. Exports, In Physical Terms, By Country, 2012–2023
12. Exports, In Value Terms, By Country, 2012–2023
13. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2023
19. Production, In Value Terms, 2012–2023
20. Producing Animals, 2012–2023
21. Yield, 2012–2023
22. Production, By Country, 2023
23. Production, In Physical Terms, By Country, 2012–2023
24. Producing Animals, By Country, 2023
25. Producing Animals, By Country, 2012-2023
26. Yield, By Country, 2012-2023
27. Imports, In Physical Terms, 2012–2023
28. Imports, In Value Terms, 2012–2023
29. Imports, In Physical Terms, By Country, 2023
30. Imports, In Physical Terms, By Country, 2012–2023
31. Imports, In Value Terms, By Country, 2012–2023
32. Import Prices, By Country, 2012–2023
33. Exports, In Physical Terms, 2012–2023
34. Exports, In Value Terms, 2012–2023
35. Exports, In Physical Terms, By Country, 2023
36. Exports, In Physical Terms, By Country, 2012–2023
37. Exports, In Value Terms, By Country, 2012–2023
38. Export Prices, 2012–2023