Global Butter And Ghee Market 2024

Butter And Ghee Market Size

The global butter and ghee market rose modestly to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a buoyant 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 2012 indices. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Butter And Ghee Production

In value terms, butter and ghee production amounted to $X in 2022 estimated in export price. In general, the total production indicated resilient 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 most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, global production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Butter And Ghee Exports

Exports

In 2022, the amount of butter and ghee exported worldwide reached X tons, with an increase of X% against 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, butter and ghee exports soared to $X in 2022. Overall, total exports 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 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 continue growth in the near future.

Exports by Country

New Zealand (X tons), the Netherlands (X tons) and Ireland (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Belgium (X tons), Germany (X tons) and France (X tons), together comprising a X% share of total exports. Belarus (X tons), the United States (X tons), Poland (X tons), Denmark (X tons), the UK (X tons) and India (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for 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), with a combined X% share of global exports. Belgium, Germany, France, Belarus, Poland, Denmark, the UK, the United States and India lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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, surging by X% against the previous year. Over the period under review, export price indicated resilient 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 export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue 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 New Zealand (X%), while the other global leaders experienced more modest paces of growth.

Butter And Ghee Imports

Imports

In 2022, the amount of butter and ghee imported worldwide reduced to X tons, with a decrease of X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Global imports peaked at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, butter and ghee imports soared to $X in 2022. Over the period under review, total imports indicated a buoyant 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 appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Germany (X tons), the Netherlands (X tons), China (X tons) and Belgium (X tons) represented roughly X% of total imports in 2022. The following importers - the United States (X tons), Italy (X tons), the UK (X tons), Saudi Arabia (X tons), Australia (X tons), the United Arab Emirates (X tons), Canada (X tons) and Poland (X tons) - together made up X% 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 ($X), Germany ($X) and China ($X), together accounting for X% of global imports. The Netherlands, Belgium, Italy, the United States, the UK, Australia, Saudi Arabia, Canada, the United Arab Emirates and Poland lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Canada, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, rising by X% against the previous year. Over the period under review, import price indicated a pronounced 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 growth pace was the most rapid in 2017 an increase of X% against the previous year. Global import price peaked in 2022 and is expected to retain 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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