Mexico: Ghee Market 2025

Ghee Market Size in Mexico

In 2022, after two years of decline, there was significant growth in the Mexican ghee market, when its value increased by 134% to $X. In general, consumption recorded a prominent expansion. Ghee consumption peaked in 2022 and is likely to see steady growth in the near future.

Ghee Production in Mexico

In value terms, ghee production surged to $X in 2022 estimated in export price. Over the period under review, production posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 21,824,468,800%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Ghee Exports

Exports from Mexico

In 2022, overseas shipments of ghee decreased by -80.8% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 347% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, ghee exports shrank significantly to $X in 2022. Over the period under review, exports showed a perceptible descent. The growth pace was the most rapid in 2013 when exports increased by 423% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for ghee exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for ghee exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +7.3%.

Export Prices by Country

In 2022, the average ghee export price amounted to $X per ton, jumping by 36% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +8.0% per year.

Ghee Imports

Imports into Mexico

In 2022, approx. X tons of ghee were imported into Mexico; jumping by 305% compared with the previous year. Overall, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 4,045%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, ghee imports skyrocketed to $X in 2022. In general, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 4,161% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest ghee supplier to Mexico, with a 72% share of total imports. Moreover, ghee imports from New Zealand exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from New Zealand amounted to -14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.3% per year) and Argentina (+9.1% per year).

In value terms, New Zealand ($X) constituted the largest supplier of ghee to Mexico, comprising 73% of total imports. The second position in the ranking was held by the United States ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from New Zealand amounted to -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+21.8% per year) and Argentina (+13.9% per year).

Import Prices by Country

In 2022, the average ghee import price amounted to $X per ton, growing by 39% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :