U.S. - Ghee - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGhee Price in the United States - 2023
Contents:
- Ghee Price in the United States (FOB) - 2023
- Ghee Price in the United States (CIF) - 2023
- Ghee Exports in the United States
- Ghee Imports in the United States
Ghee Price in the United States (FOB) - 2023
In August 2023, the average ghee export price amounted to $2,106 per ton, picking up by 12% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in December 2022 when the average export price increased by 20% month-to-month. As a result, the export price attained the peak level of $2,146 per ton; afterwards, it flattened through to August 2023.
Average prices varied somewhat for the major foreign markets. In August 2023, the highest price was recorded for prices to Mexico ($2,348 per ton) and Canada ($2,101 per ton), while the average price for exports to Belize ($1,752 per ton) and Taiwan (Chinese) ($1,752 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Ghee Price in the United States (CIF) - 2023
The average ghee import price stood at $4,621 per ton in August 2023, jumping by 53% against the previous month. In general, import price indicated a temperate increase from August 2022 to August 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, ghee import price decreased by -27.4% against March 2023 indices. The import price peaked at $6,366 per ton in March 2023; however, from April 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($7,608 per ton), while the price for India ($1,867 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Ghee Exports in the United States
Ghee exports from the United States surged to 16K tons in 2022, jumping by 22% compared with 2021 figures. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 129% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, ghee exports dropped rapidly to $31M in 2022. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 176%. As a result, the exports reached the peak of $38M, and then reduced markedly in the following year.
| Export of Ghee in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 4.3 | 4.7 | 3.8 | 18.8 | 63.5% |
| Canada | 10.6 | 2.2 | 2.4 | 6.4 | -15.5% |
| Dominican Republic | 0.5 | 0.5 | 5.4 | 3.0 | 81.7% |
| Guyana | N/A | 0.4 | 0.4 | 0.5 | 11.8% |
| Saudi Arabia | 0.4 | 2.0 | 6.1 | 0.2 | -20.6% |
| Thailand | N/A | N/A | 2.3 | 0.2 | -91.3% |
| China | 0.4 | 2.5 | 8.9 | 0.1 | -37.0% |
| Colombia | 2.8 | 0.1 | 0.1 | 0.1 | -67.1% |
| Others | 1.3 | 1.5 | 8.6 | 1.5 | 4.9% |
| Total | 20.4 | 13.8 | 37.9 | 30.8 | 14.7% |
Top Export Markets for Ghee from the United States in 2022:
- Mexico (10.3K tons)
- Canada (3.3K tons)
- Dominican Republic (1.3K tons)
- Guyana (0.3K tons)
- Saudi Arabia (0.1K tons)
- China (0.1K tons)
- Colombia (0.1K tons)
- Thailand (0.1K tons)
Ghee Imports in the United States
In 2022, after two years of decline, there was significant growth in purchases abroad of ghee, when their volume increased by 87% to 21K tons. Over the period under review, imports, however, recorded a pronounced downturn.
In value terms, ghee imports skyrocketed to $71M in 2022. In general, imports, however, saw a abrupt curtailment.
| Import of Ghee in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 26.9 | 14.9 | 15.4 | 36.4 | 10.6% |
| Mexico | 53.5 | 35.9 | 7.9 | 14.3 | -35.6% |
| India | 5.3 | 9.3 | 5.2 | 8.8 | 18.4% |
| Chile | 7.9 | 6.3 | 1.9 | 5.0 | -14.1% |
| Canada | 7.6 | 12.7 | 3.1 | 3.0 | -26.6% |
| United Kingdom | 3.1 | 2.1 | 0.6 | 0.4 | -49.5% |
| Germany | N/A | N/A | N/A | 0.3 | 0% |
| Others | 2.9 | 1.8 | 2.2 | 2.8 | -1.2% |
| Total | 107 | 83.1 | 36.2 | 70.9 | -12.8% |
Top Suppliers of Ghee to the United States in 2022:
- India (8.6K tons)
- New Zealand (7.4K tons)
- Mexico (2.1K tons)
- Chile (0.8K tons)
- Canada (0.7K tons)
- Germany (0.4K tons)
- United Kingdom (0.1K tons)
This report provides an in-depth analysis of the ghee market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 887 - Ghee from Cow Milk
- FCL 953 - Ghee, from Buffalo Milk
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In February 2023, the price of butter and ghee per ton (CIF, US) was $7,599, a 15% increase from the previous month.
403
In July 2022, the butter price per ton amounted to $8,535 per ton, which is down by less than 0.1% against the previous month.
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In May 2022, the butter price per ton amounted to $6,839 per ton, surging by 9.6% against the previous month.
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The average price for Grade AA butter in the U.S. amounted to $2.02 per pound on December 11, 2021, increasing by 40% from the same period last year. Reducing milk cow herd, labour shortage, and the rising packaging materials costs constrain production growth, leading to insufficient supply in the market that results in the butter price surge. Demand for butter typically picks in Q4, when Americans consume more holiday cookies and other traditional dishes. In December, butter prices picked up 3.7% compared to the figures a month earlier.
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In value terms, dairy produce exports surged to $511M in March 2023.
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In terms of value, imports of Dairy Spread decreased to $2M in May 2023.
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New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
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Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
