Ghee Market Overview in the United Kingdom
In value terms, ghee production dropped rapidly to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2018, and then shrank remarkably in the following year.
The revenue of the ghee market in the UK shrank sharply to $ in 2019, dropping 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). Over the period under review, consumption, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by % y-o-y. Ghee consumption peaked at $ in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.