India - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSignificant Decrease in India's Palm Oil Price to $938/Ton Following Two Consecutive Months of Contraction
India Palm Oil Import Price in June 2023
In June 2023, the palm oil price amounted to $938 per ton (CIF, India), declining by -7.9% against the previous month. Overall, the import price saw a deep contraction. The growth pace was the most rapid in March 2023 an increase of 3.8% against the previous month. Over the period under review, average import prices attained the peak figure at $1,751 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Thailand ($963 per ton) and Singapore ($941 per ton), while the price for Papua New Guinea ($921 per ton) and Malaysia ($933 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Papua New Guinea (-4.5%), while the prices for the other major suppliers experienced a decline.
| COUNTRY | Import Price of Palm Oil in India (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| Thailand | 1,765 | 1,568 | 1,346 | 1,037 | 1,000 | 996 | 980 | 1,030 | 988 | 1,029 | 1,017 | 1,019 | 963 |
| Singapore | 1,743 | 1,482 | 1,214 | 1,062 | 934 | 955 | 1,004 | 1,013 | 1,000 | 1,031 | 1,054 | 1,024 | 941 |
| Indonesia | 1,692 | 1,509 | 1,174 | 1,100 | 970 | 970 | 1,005 | 1,014 | 979 | 1,021 | 1,035 | 1,015 | 937 |
| Malaysia | 1,767 | 1,493 | 1,232 | 1,064 | 973 | 958 | 1,003 | 1,013 | 987 | 1,024 | 1,029 | 1,005 | 933 |
| Papua New Guinea | N/A | 1,523 | 1,233 | 1,066 | 965 | 966 | 1,043 | 1,008 | 982 | 1,028 | 1,025 | 1,031 | 921 |
| Average | 1,751 | 1,520 | 1,212 | 1,094 | 978 | 973 | 1,007 | 1,015 | 989 | 1,027 | 1,034 | 1,019 | 938 |
India Palm Oil Import Prices by Type
Average prices varied noticeably amongst the major supplied products. In June 2023, the product with the highest price was crude palm oil ($939 per ton), while the price for refined palm oil amounted to $937 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by refined palm oil (-4.7%).
India Palm Oil Imports
In June 2023, supplies from abroad of palm oil was finally on the rise to reach 723K tons after two months of decline. Overall, imports continue to indicate slight growth. The pace of growth appeared the most rapid in August 2022 with an increase of 85% against the previous month.
In value terms, palm oil imports soared to $679M (IndexBox estimates) in June 2023. In general, imports, however, recorded a noticeable reduction.
India Palm Oil Imports by Type
Crude palm oil (478K tons) and refined palm oil (245K tons) were the main products of palm oil imports to India.
From June 2022 to June 2023, the biggest increases were in refined palm oil (with a CAGR of +9.7%).
In value terms, the most traded types of palm oil in India were crude palm oil ($449M) and refined palm oil ($230M).
India Palm Oil Imports by Country
In June 2023, Indonesia (421K tons) constituted the largest palm oil supplier to India, with a 58% share of total imports. Moreover, palm oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (152K tons), threefold. The third position in this ranking was taken by Singapore (79K tons), with an 11% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume from Indonesia amounted to +11.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-5.9% per month) and Singapore (+9.1% per month).
In value terms, Indonesia ($394M) constituted the largest supplier of palm oil to India, comprising 58% of total imports. The second position in the ranking was held by Malaysia ($142M), with a 21% share of total imports. It was followed by Singapore, with an 11% share.
From June 2022 to June 2023, the average monthly growth rate of value from Indonesia amounted to +6.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-10.8% per month) and Singapore (+3.6% per month).
This report provides an in-depth analysis of the palm 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 257 - Oil of palm
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
