India - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndia's Export of Groundnut Oil Surges Remarkably, Reaching $397 Million in 2024
India Groundnut Oil Exports
In 2024, overseas shipments of groundnut oil increased by 91% to 222K tons, rising for the second year in a row after two years of decline. In general, exports posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 696%. Over the period under review, the exports hit record highs in 2024 and are likely to see gradual growth in the immediate term.
In value terms, groundnut oil exports soared to $397M (IndexBox estimates) in 2024. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 898% against the previous year. Over the period under review, the exports hit record highs in 2024 and are expected to retain growth in the near future.
| COUNTRY | Export Value of Groundnut Oil in India (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| China | 20.3 | 7.3 | 18.0 | 18.0 | 19.6 | 27.4 | 287 | 210 | 152 | 210 | 388 |
| Others | 0.1 | 0.1 | 0.3 | 0.8 | 1.4 | 3.1 | 17.6 | 5.6 | 6.4 | 12.2 | 9.7 |
| Total | 20.4 | 7.4 | 18.4 | 18.7 | 21.0 | 30.6 | 305 | 216 | 158 | 222 | 397 |
Exports by Country
China (218K tons) was the main destination for groundnut oil exports from India, with a approx. 98% share of total exports.
From 2014 to 2024, the average annual rate of growth in terms of volume to China totaled +31.2%.
In value terms, China ($388M) also remains the key foreign market for groundnut oil exports from India.
From 2014 to 2024, the average annual growth rate of value to China stood at +34.3%.
Exports by Type
Crude groundnut oil (218K tons) was the largest type of groundnut oil exported from India, with a 98% share of total exports. It was followed by refined groundnut oil (3.6K tons), with a 1.6% share of total exports.
From 2014 to 2024, the average annual rate of growth in terms of the volume of crude groundnut oil exports totaled +47.9%.
In value terms, crude groundnut oil ($387M) remains the largest type of groundnut oil exported from India, comprising 97% of total exports. The second position in the ranking was held by refined groundnut oil ($10M), with a 2.5% share of total exports.
From 2014 to 2024, the average annual rate of growth in terms of the value of crude groundnut oil exports amounted to +51.2%.
Export Prices by Country
In 2024, the groundnut oil price amounted to $1,791 per ton (FOB, India), reducing by -6.3% against the previous year. In general, export price indicated a notable expansion from 2014 to 2024: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, groundnut oil export price decreased by -10.6% against 2022 indices. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. The export price peaked at $2,002 per ton in 2022; however, from 2023 to 2024, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2014 to 2024, the rate of growth in terms of prices for China amounted to +2.4% per year.
This report provides an in-depth analysis of the 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:
- FCL 244 - Oil of Groundnuts
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
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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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
