Global Butter And Ghee Market 2024

Butter And Ghee Market Size

The global butter and ghee market rose significantly to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a strong 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, consumption increased by X% against 2019 indices. Over the period under review, the global market attained the peak level in 2022 and is expected to retain growth in the near future.

Butter And Ghee Production

In value terms, butter and ghee production rose slightly to $X in 2022 estimated in export price. In general, the total production indicated notable growth 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 pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, global production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Butter And Ghee Exports

Exports

Global butter and ghee exports expanded to X tons in 2022, surging by X% against 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, butter and ghee exports surged to $X in 2022. Overall, total exports indicated a resilient increase 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

New Zealand (X tons), the Netherlands (X tons) and Ireland (X tons) represented roughly X% of total exports in 2022. Belgium (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%) and France (X%). Belarus (X tons), the United States (X tons), Poland (X tons), Denmark (X tons), the UK (X tons) and India (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest butter and ghee supplying countries worldwide were New Zealand ($X), the Netherlands ($X) and Ireland ($X), together accounting for X% of global exports. Belgium, Germany, France, Belarus, Poland, Denmark, the UK, the United States and India lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global 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, jumping by X% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price 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, butter and ghee export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the other global leaders experienced more modest paces of growth.

Butter And Ghee Imports

Imports

In 2022, global imports of butter and ghee declined to X tons, remaining constant against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Global imports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, butter and ghee imports surged to $X in 2022. Overall, total imports indicated a resilient increase 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of butter and ghee imports in 2022 were France (X tons), the Netherlands (X tons), Germany (X tons), China (X tons), Belgium (X tons), Russia (X tons), the United States (X tons), Italy (X tons), the UK (X tons), Saudi Arabia (X tons), Australia (X tons) and the United Arab Emirates (X tons), together reaching X% of total import. Canada (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Canada (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest butter and ghee importing markets worldwide were France ($X), China ($X) and the Netherlands ($X), with a combined X% share of global imports. Germany, Belgium, Russia, Italy, the United States, the UK, Australia, Saudi Arabia, Canada and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global 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. Over the period under review, import price indicated notable growth from 2012 to 2022: its price 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, butter and ghee import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Global import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Saudi Arabia ($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 (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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