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Ghee imports reached a peak of 60K tons in 2015 but have struggled to regain momentum from 2016 to 2023. In terms of value, ghee imports drastically declined to $209M in 2023.
During the period analyzed, Ghee imports reached a peak of 36K tons in 2019. However, from 2020 to 2023, imports held steady at a lower level. In terms of value, Ghee imports significantly decreased to $225M in 2023.
The most significant increase occurred in June 2023 with a 78% monthly growth rate in imports. In terms of value, ghee imports declined to $4.6M in September 2023.
The exports of Ghee experienced a downward trend from April 2023 to September 2023, with a noticeable growth in September reaching a value of $9.6M.
In May 2023, ghee imports experienced a significant growth rate, increasing by 151% compared to the previous month. Furthermore, the value of ghee imports soared to $5.1M in July 2023.
Ghee prices in June 2023 remained relatively stable at $8,748 per ton (CIF, Qatar), compared to the previous month.
In April 2023, the Ghee price was $6,495 per ton (FOB, United Kingdom), representing a decrease of 3.9% compared to the previous month.
In April 2023, the Ghee price reached $7,248 per ton (CIF, France), showing a decrease of 7.3% compared to the previous month.
In March 2023, the ghee price amounted to $7,170 per ton (FOB, Netherlands), falling by -3% against the previous month.
In February 2023, the ghee price stood at $6,832 per ton (CIF, Italy), declining by -11.4% against the previous month.
In July 2022, the ghee price per ton amounted to $8.9K (FOB, Germany), increasing by 4.5% against the previous month.
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