Butter And Ghee Market in Israel
In value terms, butter and ghee production amounted to $ in estimated in export prices. Overall, the total production indicated a tangible increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The pace of growth was the most pronounced in 2009 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production failed to regain the momentum.
The size of the butter and ghee market in Israel contracted to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of % year-to-year. As a result, consumption attained the peak level of $, and then shrank in the following year.
From 2007 to , the average annual growth rate of the volume of consumption of butter and dairy spreads stood at +%.
In value terms, butter and dairy spreads ($) led the market, alone. The second position in the ranking was occupied by ghee ($).
From 2007 to , the average annual rate of growth in terms of the market volume of butter and dairy spreads amounted to +%.