India - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Groundnut Oil Price in India - 2023
Contents:
- Refined Groundnut Oil Price in India (FOB) - 2023
- Refined Groundnut Oil Price in India (CIF) - 2022
- Refined Groundnut Oil Exports in India
- Refined Groundnut Oil Imports in India
Refined Groundnut Oil Price in India (FOB) - 2023
The average refined groundnut oil export price stood at $3,303 per ton in September 2023, stabilizing at the previous month. In general, the export price saw a mild increase. The most prominent rate of growth was recorded in December 2022 an increase of 51% m-o-m. Over the period under review, the average export prices hit record highs in September 2023.
Average prices varied somewhat for the major external markets. In September 2023, the countries with the highest prices were the United Arab Emirates ($3,761 per ton) and Qatar ($3,609 per ton), while the average price for exports to Canada ($2,793 per ton) and Australia ($2,796 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Groundnut Oil Price in India (CIF) - 2022
In 2022, the average refined groundnut oil import price amounted to $4,924 per ton, with a decrease of -13.3% against the previous year. In general, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 56%. Over the period under review, average import prices reached the peak figure at $11,818 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,082 per ton), while the price for Germany stood at $4,721 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Groundnut Oil Exports in India
In 2022, overseas shipments of refined groundnut oil decreased by -55.1% to 4.8K tons, falling for the second consecutive year after two years of growth. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 208%. As a result, the exports attained the peak of 21K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, refined groundnut oil exports reduced sharply to $11M in 2022. Over the period under review, exports, however, saw temperate growth. The most prominent rate of growth was recorded in 2020 when exports increased by 268% against the previous year. As a result, the exports reached the peak of $39M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Refined Groundnut Oil in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 8.5 | 35.8 | 18.1 | 5.1 | -15.7% |
United States | 0.6 | 1.3 | 1.2 | 1.8 | 44.2% |
Singapore | 0.5 | 0.5 | 0.9 | 0.9 | 21.6% |
Vietnam | N/A | 0.2 | 0.8 | 0.9 | 112.1% |
United Arab Emirates | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
Australia | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
Kuwait | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
Others | 0.5 | 0.7 | 0.8 | 1.5 | 44.2% |
Total | 10.5 | 38.8 | 22.4 | 11.3 | 2.5% |
Top Export Markets for Refined Groundnut Oil from India in 2022:
- China (2583.3 tons)
- United States (557.9 tons)
- Vietnam (473.6 tons)
- Singapore (288.6 tons)
- United Arab Emirates (218.2 tons)
- Kuwait (103.9 tons)
- Australia (97.4 tons)
Refined Groundnut Oil Imports in India
In 2022, imports of refined groundnut oil into India contracted to 22 tons, with a decrease of -8.9% against the previous year's figure. Over the period under review, imports saw a significant decline. The smallest decline of -3.9% was in 2020.
In value terms, refined groundnut oil imports dropped notably to $106K in 2022. In general, imports saw a sharp reduction.
Import of Refined Groundnut Oil in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 0.5 | 44.6 | 5.8 | 87.0 | 458.3% |
United States | 423 | 226 | 123 | 18.7 | -64.6% |
Italy | N/A | 34.1 | N/A | N/A | 0% |
Others | 1.1 | 4.3 | 5.7 | 0.3 | -35.2% |
Total | 425 | 309 | 134 | 106 | -37.1% |
Top Suppliers of Refined Groundnut Oil to India in 2022:
- Germany (18.4 tons)
- United States (3.1 tons)
This report provides an in-depth analysis of the refined groundnut oil market in India. 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:
- Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
- 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 VOLUME AND VALUE
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
- 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
- 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
This report provides an in-depth analysis of the refined groundnut oil market in India.
This report provides an in-depth analysis of the groundnut oil market in India.
This report provides an in-depth analysis of the market for ground-nut oil and its fractions in India.
This report provides an in-depth analysis of the crude groundnut oil market in India.
This report provides an in-depth analysis of the global refined groundnut oil market.
This report provides an in-depth analysis of the global groundnut oil market.
Global Market for Ground-Nut Oil And Its Fractions. This report provides an in-depth analysis of the global market for ground-nut oil and its fractions.
This report provides an in-depth analysis of the global crude groundnut oil market.
This report provides an in-depth analysis of the refined groundnut oil market in India.
This report provides an in-depth analysis of the groundnut oil market in India.
In October 2022, the refined groundnut oil price stood at $3,080 per ton (FOB, India), surging by 13% against the previous month.
Groundnut Oil exports saw a staggering 248% month-on-month increase in June 2023, reaching $22M in value by November 2023.
In June 2023, the growth rate for Crude Groundnut Oil was at its highest, with a 312% increase compared to the previous month. By November 2023, the value of crude groundnut oil exports had surged to $22M.
In June 2023, the growth of Crude Groundnut Oil was exceptional, showing a rapid surge of 312% compared to the previous month. However, in July 2023, the value of crude groundnut oil exports dramatically declined to $6.2M.
Global groundnut oil imports reached $671M in 2020. In physical terms, global imports spiked by +15% y-o-y to 444K tons in 2020, mainly due to rising demand from China. China represents the world’s largest importer of groundnut oil, with a 61%-share of global import volume. In 2020, China’s groundnut oil imports jumped from $225M to $433M. Brazil and Argentina remain the key exporters of groundnut oil.
In 2015, the countries with the highest levels of ground-nut oil production were China (X thousand tons), India (X thousand tons), Nigeria (X thousand tons), together accounting for X% of total output.
Argentina dominates in the global ground-nut oil trade. In 2014, Argentina exported X thousand tons of ground-nut oil totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total grou
In October 2022, the refined groundnut oil price stood at $3,080 per ton (FOB, India), surging by 13% against the previous month.
Groundnut Oil exports saw a staggering 248% month-on-month increase in June 2023, reaching $22M in value by November 2023.
In June 2023, the growth rate for Crude Groundnut Oil was at its highest, with a 312% increase compared to the previous month. By November 2023, the value of crude groundnut oil exports had surged to $22M.