India: Butter And Ghee Market 2024

Butter And Ghee Market Size in India

The Indian butter and ghee market dropped rapidly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, saw a deep setback. Butter and ghee consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Butter And Ghee Production in India

In value terms, butter and ghee production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Butter And Ghee Exports

Exports from India

In 2022, exports of butter and ghee from India skyrocketed to X tons, picking up by X% on 2021. Overall, exports recorded prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, butter and ghee exports skyrocketed to $X in 2022. In general, exports saw a strong expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Bahrain (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of butter and ghee exports from India, with a combined X% share of total exports. Qatar, Morocco, the United States, Indonesia, Egypt, Oman, Singapore, Australia, Kuwait and Nepal lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for butter and ghee exported from India were the United Arab Emirates ($X), Saudi Arabia ($X) and Bahrain ($X), with a combined X% share of total exports. Qatar, the United States, Morocco, Indonesia, Singapore, Australia, Oman, Egypt, Kuwait and Nepal lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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, almost unchanged from the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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

Butter And Ghee Imports

Imports into India

In 2022, the amount of butter and ghee imported into India stood at X tons, surging by X% against the previous year. Overall, imports, however, saw a precipitous descent. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, butter and ghee imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a significant decline. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), France (X tons) and New Zealand (X tons) were the main suppliers of butter and ghee imports to India, with a combined X% share of total imports. Bahrain, the UK, Denmark, Belgium and Nepal 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 Bahrain (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 India were Indonesia ($X), France ($X) and New Zealand ($X), with a combined X% share of total imports. Bahrain, the UK, Belgium, Denmark and Nepal lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Bahrain, with a CAGR of X%, recorded the highest growth rate of 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

The average butter and ghee import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price posted strong growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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