Ethiopia: Ghee Market 2025

Ghee Market Size in Ethiopia

The Ethiopian ghee market shrank modestly to $X in 2022, approximately equating the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.8% against 2019 indices. Ghee consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ghee Production in Ethiopia

In value terms, ghee production contracted to $X in 2022 estimated in export price. Overall, production recorded a resilient increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 119%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Ghee Exports

Exports from Ethiopia

In 2022, overseas shipments of ghee increased by 21% to X tons, rising for the third year in a row after two years of decline. In general, exports enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 2,170%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, ghee exports declined rapidly to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,958% against the previous year. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for ghee exports from Ethiopia, accounting for a 80% share of total exports. Moreover, ghee exports to the United States exceeded the volume sent to the second major destination, Botswana (X kg), eightfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+0.0% per year) and Australia (+17.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for ghee exports from Ethiopia, comprising 85% of total exports. The second position in the ranking was held by Australia ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+25.4% per year) and Botswana (+4.5% per year).

Export Prices by Country

In 2022, the average ghee export price amounted to $X per ton, reducing by -37.6% against the previous year. In general, the export price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Botswana ($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 Australia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into Ethiopia

In 2022, after two years of growth, there was significant decline in supplies from abroad of ghee, when their volume decreased by -24.7% to X tons. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 985% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped sharply in the following year.

In value terms, ghee imports contracted rapidly to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 620%. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, Yemen (X tons) constituted the largest supplier of ghee to Ethiopia, accounting for a 90% share of total imports. Moreover, ghee imports from Yemen exceeded the figures recorded by the second-largest supplier, Egypt (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Yemen amounted to +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+38.2% per year) and the United Arab Emirates (+64.0% per year).

In value terms, Egypt ($X) constituted the largest supplier of ghee to Ethiopia, comprising 59% of total imports. The second position in the ranking was held by Yemen ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Egypt totaled +77.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Yemen (+13.5% per year) and the United Arab Emirates (+92.6% per year).

Import Prices by Country

The average ghee import price stood at $X per ton in 2022, falling by -8.8% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 decreased by -10.7% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 68% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+28.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform