Report Update Nov 1, 2024

Iran - Ghee - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Ghee Market 2024

Ghee Market Size in Iran

In 2022, the Iranian ghee market decreased by -6.1% to $X for the first time since 2014, thus ending a seven-year rising trend. In general, consumption, however, saw a significant increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Ghee Exports

Exports from Iran

In 2022, overseas shipments of ghee decreased by -17.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 149% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ghee exports declined notably to $X in 2022. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2019 with an increase of 58%. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for ghee exports from Iran, with a 90% share of total exports. Moreover, ghee exports to the United Arab Emirates exceeded the volume sent to the second major destination, Australia (X kg), more than tenfold. The third position in this ranking was held by Bahrain (X kg), with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +54.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+14.7% per year) and Bahrain (-22.3% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for ghee exports from Iran, comprising 80% of total exports. The second position in the ranking was taken by Australia ($X), with a 13% share of total exports. It was followed by Azerbaijan, with a 2% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+13.4% per year) and Azerbaijan (-24.8% per year).

Export Prices by Country

In 2022, the average ghee export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2019 an increase of 120% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Bahrain ($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 Iraq (+36.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into Iran

After seven years of growth, supplies from abroad of ghee decreased by -5.4% to X tons in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 235% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, ghee imports shrank to $X in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 341% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, New Zealand (X tons) was the main ghee supplier to Iran, accounting for a 91% share of total imports. Moreover, ghee imports from New Zealand exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. The third position in this ranking was taken by Malaysia (X tons), with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand amounted to +57.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+35.8% per year) and Malaysia (-14.2% per year).

In value terms, New Zealand ($X) constituted the largest supplier of ghee to Iran, comprising 94% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 1.9% share of total imports. It was followed by the United Arab Emirates, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand totaled +52.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+0.7% per year) and the United Arab Emirates (+35.8% per year).

Import Prices by Country

In 2022, the average ghee import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2017 an increase of 32%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ghee in the world?

The country with the largest volume of ghee consumption was India, accounting for 78% of total volume. Moreover, ghee consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, sevenfold.

What are the largest producers of ghee in the world?

The country with the largest volume of ghee production was India, accounting for 78% of total volume. Moreover, ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan, sevenfold. New Zealand ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of ghee to Iran?

In value terms, New Zealand constituted the largest supplier of ghee to Iran, comprising 84% of total imports. The second position in the ranking was occupied by Malaysia, with a 13% share of total imports.

What are the leading importers of ghee from Iran?

In value terms, the United Arab Emirates, Pakistan and Georgia were the largest markets for ghee exported from Iran worldwide, together accounting for 100% of total exports.

What is the average export price for ghee in Iran?

In 2021, the average ghee export price amounted to $3,136 per ton, reducing by -59.6% against the previous year.

What is the average import price for ghee in Iran?

The average ghee import price stood at $1,608 per ton in 2021, shrinking by -40.9% against the previous year.

This report provides an in-depth analysis of the ghee market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 887 - Ghee from Cow Milk
FCL 953 - Ghee, from Buffalo Milk

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023