Germany: Ghee Market 2024

Ghee Market Size in Germany

The German ghee market contracted markedly to $X in 2022, reducing by -86.5% against the previous year. In general, consumption continues to indicate a dramatic contraction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Ghee Production in Germany

In value terms, ghee production fell modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. Ghee production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Ghee Exports

Exports from Germany

In 2022, shipments abroad of ghee increased by 3% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 17%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, ghee exports skyrocketed to $X in 2022. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 62% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons), Poland (X tons) and France (X tons) were the main destinations of ghee exports from Germany, with a combined 42% share of total exports. Austria, Belgium, the Netherlands, Denmark and Slovakia lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +16.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and France ($X) were the largest markets for ghee exported from Germany worldwide, together accounting for 44% of total exports. The Netherlands, Austria, Belgium, Denmark and Slovakia lagged somewhat behind, together comprising a further 43%.

In terms of the main countries of destination, Denmark, with a CAGR of +22.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ghee export price amounted to $X per ton, picking up by 28% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ghee export price increased by +49.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 45% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Italy ($X per ton), while the average price for exports to Denmark ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into Germany

Ghee imports into Germany reduced to X tons in 2022, with a decrease of -6.8% against 2021 figures. Overall, imports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 28%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ghee imports soared to $X in 2022. Over the period under review, imports, however, recorded 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 maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest ghee supplier to Germany, with a 63% share of total imports. Moreover, ghee imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. France (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-1.7% per year) and France (-0.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of ghee to Germany, comprising 64% of total imports. The second position in the ranking was taken by Belgium ($X), with a 23% share of total imports. It was followed by France, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.3% per year) and France (+2.8% per year).

Import Prices by Country

In 2022, the average ghee import price amounted to $X per ton, increasing by 40% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 +65.4% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 51%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ireland ($X per ton) and Belgium ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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