In 2023, France led global imports of butter and ghee, with a slight growth of 0.36%. The Netherlands and Germany followed, showing increases of 1.86% and 1.35% respectively. In contrast, Russia and Saudi Arabia experienced significant declines in import volumes, at -4.96% and -2.04%. Notably, the United States import volume rose by 2.38%, while imports by China were relatively stable with a growth of 0.8%. The ASEAN region observed mixed results, with Indonesia showing robust growth of 5.92%, while Malaysia's growth was modest at 0.98%.
Future trends to watch include the potential influence of emerging markets in Asia and Africa, which could drive demand for butter and ghee imports. Economic conditions and shifting preferences for these products in developed markets may also alter the global import landscape. Furthermore, sustainability concerns and regional trade agreements may impact future volumes and market dynamics.
Top countries in Butter and Ghee Import Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 227 | 2023 | +0.89% | +0.36% | View data |
| 2 | 2 Netherlands | 193 | 2023 | +2.66% | +1.86% | View data |
| 3 | 3 Germany | 154 | 2023 | +1.32% | +1.35% | View data |
| 4 | 4 China | 153 | 2023 | +2% | +0.8% | View data |
| 5 | 5 Belgium | 100 | 2023 | +1.01% | +0.2% | View data |
| 6 | 6 United Kingdom of Great Britain and Northern Ireland | 73 | 2023 | |||
| 7 | 7 Russia | 69 | 2023 | -5.48% | -4.96% | View data |
| 8 | 8 Saudi Arabia | 46 | 2023 | -2.13% | -2.04% | View data |
| 9 | 9 United States | 45 | 2023 | +2.27% | +2.38% | View data |
| 10 | 10 Australia | 43 | 2023 | +2.38% | +1.46% | View data |
