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India - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

India - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights

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Feb 6, 2023

Refined Groundnut Oil Price in India Increases Notably to $3,080 per Ton

India Refined Groundnut Oil Export Price in October 2022

In October 2022, the refined groundnut oil price stood at $3,080 per ton (FOB, India), surging by 13% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in May 2022 an increase of 41% m-o-m. As a result, the export price attained the peak level of $3,254 per ton. From June 2022 to October 2022, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($3,559 per ton), while the average price for exports to Thailand ($2,031 per ton) was amongst the lowest.

From February 2022 to October 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

India Refined Groundnut Oil Exports

In October 2022, exports of refined groundnut oil from India fell markedly to 95 tons, waning by -51.9% on the month before. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in June 2022 with an increase of 399% month-to-month. As a result, the exports reached the peak of 640 tons. From July 2022 to October 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, refined groundnut oil exports fell remarkably to $292K (IndexBox estimates) in October 2022. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in June 2022 when exports increased by 273% against the previous month. As a result, the exports reached the peak of $1.6M. From July 2022 to October 2022, the growth of the exports remained at a lower figure.

India Refined Groundnut Oil Exports by Country

the United States (33 tons) was the main destination for refined groundnut oil exports from India, accounting for a 34% share of total exports. Moreover, refined groundnut oil exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (14 tons), twofold. The third position in this ranking was held by Australia (12 tons), with a 13% share.

From February 2022 to October 2022, the average monthly growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United Arab Emirates (-5.3% per month) and Australia (+8.1% per month).

In value terms, the United States ($116K) emerged as the key foreign market for refined groundnut oil exports from India, comprising 40% of total exports. The second position in the ranking was held by Australia ($37K), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

From February 2022 to October 2022, the average monthly growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Australia (+10.1% per month) and the United Arab Emirates (-4.2% per month).

Refined Groundnut Oil Market Overview

Refined groundnut oil price in India has been on a steady rise in the past few years. This is largely attributed to the growing demand for the product in the domestic market. The oil is used extensively in cooking, and is also a popular choice for frying and other food preparation methods. Groundnut oil is rich in vitamins and minerals, making it a healthy option for many consumers.

In recent years, there has been an increase in the number of health-conscious consumers in India, who are willing to pay premium prices for products that offer health benefits. This trend has helped drive up the demand for refined groundnut oil, as it is seen as a healthier alternative to other oils on the market.

With the Indian economy growing at a rapid pace, there is expected to be continued growth in the demand for refined groundnut oil. This will likely lead to further increases in price, although competition from other oils may help to keep prices from rising too sharply.

Source: IndexBox Market Intelligence Platform

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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