Netherlands: Ghee Market 2024

Ghee Market Size in the Netherlands

In 2022, after five years of growth, there was significant decline in the Dutch ghee market, when its value decreased by -8.5% to $X. Overall, consumption continues to indicate a noticeable setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Ghee Production in the Netherlands

In value terms, ghee production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 32% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Ghee Exports

Exports from the Netherlands

In 2022, overseas shipments of ghee increased by 0.9% to X tons, rising for the second consecutive year after four years of decline. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 26% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, ghee exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +60.7% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 43% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main destinations of ghee exports from the Netherlands, with a combined 51% share of total exports. Belgium, Ireland, Poland, Sweden, the UK, Spain and Saudi Arabia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +14.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ghee exported from the Netherlands were Germany ($X), France ($X) and Italy ($X), together comprising 51% of total exports. Belgium, Ireland, Poland, Sweden, the UK, Spain and Saudi Arabia lagged somewhat behind, together comprising a further 32%.

Ireland, with a CAGR of +20.7%, saw the highest rates of growth with regard to 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

In 2022, the average ghee export price amounted to $X per ton, picking up by 34% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 +56.2% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 46% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per ton) and the UK ($X per ton), while the average price for exports to Belgium ($X per ton) and Saudi Arabia ($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 the UK (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into the Netherlands

In 2022, ghee imports into the Netherlands reduced to X tons, declining by -9.9% compared with 2021 figures. In general, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 147%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, ghee imports surged to $X in 2022. Overall, imports, however, showed a notable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 128%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

New Zealand (X tons), France (X tons) and Germany (X tons) were the main suppliers of ghee imports to the Netherlands, with a combined 63% share of total imports. Ireland, Belgium, the UK and Poland lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +19.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ghee suppliers to the Netherlands were New Zealand ($X), France ($X) and Germany ($X), together accounting for 63% of total imports. Ireland, the UK, Belgium and Poland lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, the UK, with a CAGR of +25.0%, 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

In 2022, the average ghee import price amounted to $X per ton, picking up by 36% against the previous year. Over the period under review, the import price posted a prominent expansion. The growth pace was the most rapid in 2017 an increase of 56%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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