India - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice of Margarine and Shortening Drop 15% in India, Averaging $3,882 per Ton
India Margarine And Shortening Export Price in November 2022
In November 2022, the margarine and shortening price amounted to $3,882 per ton (FOB, India), waning by -14.7% against the previous month. Over the period under review, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in October 2022 an increase of 53% m-o-m. The export price peaked at $5,635 per ton in November 2021; however, from December 2021 to November 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In November 2022, the country with the highest price was Bhutan ($5,713 per ton), while the average price for exports to Sri Lanka ($1,005 per ton) was amongst the lowest.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Nov 2021 | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USD Per Kg | |||||||||||||
| United Kingdom | N/A | N/A | N/A | N/A | 1.2 | N/A | N/A | 3.6 | N/A | N/A | N/A | 4.3 | 4.7 |
| Saudi Arabia | N/A | N/A | N/A | 2.9 | N/A | N/A | N/A | N/A | N/A | N/A | 2.3 | N/A | 3.9 |
| Bhutan | 11.5 | 9.2 | 6.6 | 18.7 | 13.8 | 5.6 | 3.2 | 5.3 | 3.3 | 4.3 | 9.0 | 3.3 | 5.7 |
| Singapore | N/A | 2.9 | 2.9 | 2.9 | N/A | 3.2 | 2.8 | 2.9 | 2.7 | 3.0 | 2.6 | 2.9 | 2.5 |
| United Arab Emirates | 1.7 | 2.2 | 2.2 | 1.4 | 1.9 | 2.0 | 1.7 | 3.9 | 1.4 | 3.2 | 3.7 | 1.8 | 1.8 |
| Nepal | 5.3 | 2.1 | 4.1 | 2.9 | 2.5 | 1.9 | 2.0 | 2.6 | 2.4 | 2.5 | 1.7 | 8.5 | 4.5 |
| United States | 2.6 | 3.0 | 3.0 | 3.2 | 3.2 | 2.9 | 3.3 | 2.8 | 3.4 | 2.6 | 2.6 | 2.3 | 2.5 |
| Sri Lanka | 2.3 | 1.8 | 2.9 | 1.7 | N/A | 1.8 | 2.0 | N/A | N/A | 3.1 | N/A | N/A | 1.0 |
| Average | 5.6 | 2.5 | 3.4 | 2.9 | 3.0 | 3.0 | 2.6 | 3.5 | 3.2 | 3.0 | 3.0 | 4.5 | 3.9 |
India Margarine And Shortening Export Prices by Type
Average prices varied somewhat for the major types of exported product. In November 2022, the product with the highest price was liquid margarine and edible mixtures of animal or vegetable fats ($4,051 per ton), while the average price for exports of margarine (excluding liquid) stood at $2,769 per ton.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was recorded for the following types: margarine (excluding liquid) (+2.6%).
India Margarine And Shortening Exports
Margarine and shortening exports from India soared to 150 tons in November 2022, surging by 85% on the previous month. Overall, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in September 2022 with an increase of 540% against the previous month. The exports peaked at 351 tons in June 2022; however, from July 2022 to November 2022, the exports stood at a somewhat lower figure.
In value terms, margarine and shortening exports surged to $583K (IndexBox estimates) in November 2022. In general, exports posted moderate growth. The pace of growth appeared the most rapid in September 2022 when exports increased by 537% month-to-month. The exports peaked at 1.2K tons in June 2022; however, from July 2022 to November 2022, the exports failed to regain momentum.
India Margarine And Shortening Exports by Type
Liquid margarine and edible mixtures of animal or vegetable fats (130 tons) was the largest type of margarine and shortening exported from India, accounting for a 87% share of total exports. Moreover, liquid margarine and edible mixtures of animal or vegetable fats exceeded the volume of the second product type, margarine (excluding liquid) (20 tons), sevenfold.
From November 2021 to November 2022, the average monthly rate of growth in terms of the volume of export of liquid margarine and edible mixtures of animal or vegetable fats totaled +10.2%.
In value terms, liquid margarine and edible mixtures of animal or vegetable fats ($528K) remains the largest type of margarine and shortening exported from India, comprising 91% of total exports. The second position in the ranking was held by margarine (excluding liquid) ($55K), with a 9.4% share of total exports.
From November 2021 to November 2022, the average monthly rate of growth in terms of the export volume of liquid margarine and edible mixtures of animal or vegetable fats totaled +4.4%.
India Margarine And Shortening Exports by Country
Nepal (66 tons) was the main destination for margarine and shortening exports from India, with a 44% share of total exports. Moreover, margarine and shortening exports to Nepal exceeded the volume sent to the second major destination, Saudi Arabia (25 tons), threefold. The United Arab Emirates (23 tons) ranked third in terms of total exports with a 15% share.
From November 2021 to November 2022, the average monthly rate of growth in terms of volume to Nepal totaled +4.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Saudi Arabia (-0.4% per month) and the United Arab Emirates (+11.3% per month).
In value terms, Nepal ($298K) emerged as the key foreign market for margarine and shortening exports from India, comprising 51% of total exports. The second position in the ranking was held by Saudi Arabia ($97K), with a 17% share of total exports. It was followed by Bhutan, with a 16% share.
From November 2021 to November 2022, the average monthly growth rate of value to Nepal totaled +3.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Saudi Arabia (+2.7% per month) and Bhutan (+3.8% per month).
This report provides an in-depth analysis of the margarine and shortening 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 1242 - Margarine and Shortening
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 2012–2023
- 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
