Eritrea: Butter And Ghee Market 2020

Butter And Ghee Market Size in Eritrea

The revenue of the butter and ghee market in Eritrea amounted to $X in 2018, growing by X% against the previous year. Overall, the total market indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, butter and ghee consumption increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2013 when the market value increased by X% year-to-year. Over the period under review, the butter and ghee market attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Butter And Ghee Production in Eritrea

In value terms, butter and ghee production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, butter and ghee production increased by +X% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, butter and ghee production attained its maximum level in 2018 and is likely to continue its growth in the immediate term.

Butter And Ghee Exports

Exports from Eritrea

In 2018, approx. X kg of butter and ghee were exported from Eritrea; flattening at the previous year. Over the period under review, butter and ghee exports continue to indicate a relatively flat trend pattern. Over the period under review, butter and ghee exports reached their maximum at X kg in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, butter and ghee exports amounted to $X in 2018. Overall, butter and ghee exports continue to indicate a relatively flat trend pattern. Over the period under review, butter and ghee exports reached their peak figure at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, New Zealand (X tons), distantly followed by the Netherlands (X tons), Ireland (X tons), Belgium (X tons), Germany (X tons), France (X tons) and Belarus (X tons) were the major exporters of butter and ghee, together constituting X% of total exports. The following exporters - Poland (X tons), the UK (X tons), Denmark (X tons), the U.S. (X tons) and Finland (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, the largest butter and ghee markets from Eritrea were New Zealand ($X), the Netherlands ($X) and Ireland ($X), together accounting for X% of total exports. Belgium, Germany, France, Belarus, Poland, Denmark, the UK, the U.S. and Finland lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the butter and ghee export price in Eritrea amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the butter and ghee export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for butter and ghee attained their maximum at $X per ton in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Denmark ($X per ton), while the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by New Zealand, while the other leaders experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Eritrea

In 2018, the imports of butter and ghee into Eritrea amounted to X tons, jumping by X% against the previous year. Overall, butter and ghee imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, butter and ghee imports attained their maximum at X tons in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, butter and ghee imports amounted to $X in 2018. Overall, butter and ghee imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. In that year, butter and ghee imports attained their peak of $X. From 2014 to 2018, the growth of butter and ghee imports remained at a somewhat lower figure.

Imports by Country

France (X tons), the Netherlands (X tons), Germany (X tons), Belgium (X tons), Russia (X tons), China (X tons), the UK (X tons), Italy (X tons), Saudi Arabia (X tons), the U.S. (X tons), Indonesia (X tons) and Mexico (X tons) represented roughly X% of total imports of butter and ghee in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest butter and ghee importing markets into Eritrea were France ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. These countries were followed by Belgium, Russia, China, the UK, Italy, the U.S., Saudi Arabia, Mexico, Indonesia and Eritrea, which together accounted for a further X terms of the main importing countries, China experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The butter and ghee import price in Eritrea stood at $X per ton in 2018, going up by X% against the previous year. Over the period under review, the butter and ghee import price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. In that year, the import prices for butter and ghee reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the import prices for butter and ghee remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform