Ethiopia: Butter And Ghee Market 2024

Butter And Ghee Market Size in Ethiopia

In 2022, after two years of decline, there was significant growth in the Ethiopian butter and ghee market, when its value increased by X% to $X. Over the period under review, consumption, however, recorded a resilient increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Butter And Ghee Production in Ethiopia

In value terms, butter and ghee production reduced sharply to $X in 2022 estimated in export price. Over the period under review, production saw perceptible growth. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Butter And Ghee Exports

Exports from Ethiopia

In 2022, the amount of butter and ghee exported from Ethiopia plummeted to X tons, with a decrease of X% compared with 2021 figures. Overall, exports saw a significant contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, butter and ghee exports soared to $X in 2022. Over the period under review, exports showed a deep reduction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg), Australia (X kg) and Qatar (X kg) were the main destinations of butter and ghee exports from Ethiopia, with a combined X% share of total exports. The United Arab Emirates lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Qatar ($X) and the United States ($X) appeared to be the largest markets for butter and ghee exported from Ethiopia worldwide, together comprising X% of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average butter and ghee export price stood at $X per ton in 2022, rising by X% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and ghee export price increased by X% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Ethiopia

In 2022, supplies from abroad of butter and ghee decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, imports, however, continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, butter and ghee imports shrank notably to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Denmark (X tons) and the Netherlands (X tons) were the main suppliers of butter and ghee imports to Ethiopia, with a combined X% share of total imports. Belgium, Kenya, China and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kenya (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butter and ghee suppliers to Ethiopia were France ($X), Denmark ($X) and the Netherlands ($X), with a combined X% share of total imports. Kenya, Belgium, China and India lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Kenya, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average butter and ghee import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and ghee import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform