Asia-Pacific: Butter And Ghee Market 2024

Butter And Ghee Market Size in Asia-Pacific

The Asia-Pacific butter and ghee market reached $X in 2022, rising by X% against the previous year. The total consumption indicated a resilient 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Butter And Ghee Production in Asia-Pacific

In value terms, butter and ghee production rose slightly to $X in 2022 estimated in export price. The total production indicated a prominent 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Butter And Ghee Exports

Exports in Asia-Pacific

In 2022, after two years of decline, there was significant growth in overseas shipments of butter and ghee, when their volume increased by X% to X tons. In general, exports, however, saw a relatively flat trend pattern. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, butter and ghee exports soared to $X in 2022. Total exports indicated a prominent 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand prevails in exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by India (X tons), creating a X% share of total exports. Australia (X tons) followed a long way behind the leaders.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of butter and ghee. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Australia (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest butter and ghee supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

In New Zealand, butter and ghee exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a resilient 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 growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia ($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 other leaders experienced more modest paces of growth.

Butter And Ghee Imports

Imports in Asia-Pacific

In 2022, imports of butter and ghee in Asia-Pacific expanded to X tons, picking up by X% compared with the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2022: its volume 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 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, butter and ghee imports skyrocketed to $X in 2022. Overall, imports saw prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

China was the largest importer of butter and ghee in Asia-Pacific, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Australia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%), Indonesia (X%), the Philippines (X%), Taiwan (Chinese) (X%) and Malaysia (X%).

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Indonesia (X%), Australia (X%), Malaysia (X%), Taiwan (Chinese) (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of China and South Korea increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported butter and ghee in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

In China, butter and ghee imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a buoyant expansion 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 pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Indonesia ($X per ton) and the Philippines ($X per ton), while Australia ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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