India - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndia's Refined Palm Oil Price Bottoms at $1,055 per Ton
India Refined Palm Oil Import Price in September 2022
In September 2022, the refined palm oil price amounted to $1,055 per ton (CIF, India), dropping by -10.1% against the previous month. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in March 2022 an increase of 13% m-o-m. The import price peaked at $1,731 per ton in May 2022; however, from June 2022 to September 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Nepal ($1,641 per ton), while the price for Singapore ($1,026 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Nepal (+0.3%), while the prices for the other major suppliers experienced a decline.
India Refined Palm Oil Imports
In September 2022, supplies from abroad of refined palm oil increased by 116% to 396K tons, rising for the second month in a row after four months of decline. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in August 2022 when imports increased by 204% m-o-m. Imports peaked in September 2022.
In value terms, refined palm oil imports skyrocketed to $418M (IndexBox estimates) in September 2022. Over the period under review, imports posted a buoyant increase. The growth pace was the most rapid in August 2022 with an increase of 130% against the previous month. Over the period under review, imports attained the peak figure at 531K tons in March 2022; however, from April 2022 to September 2022, imports remained at a lower figure.
India Refined Palm Oil Imports by Country
In September 2022, Indonesia (324K tons) constituted the largest supplier of refined palm oil to India, with a 82% share of total imports. Moreover, refined palm oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (57K tons), sixfold. The third position in this ranking was held by Nepal (8K tons), with a 2% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume from Indonesia amounted to +19.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (+1.8% per month) and Nepal (-8.1% per month).
In value terms, Indonesia ($338M) constituted the largest supplier of refined palm oil to India, comprising 81% of total imports. The second position in the ranking was held by Malaysia ($60M), with a 14% share of total imports. It was followed by Nepal, with a 3.1% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value from Indonesia stood at +15.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-0.9% per month) and Nepal (-7.8% per month).
Refined Palm Oil Market Overview
The major factor driving the growth of the refined palm oil market is the growing demand for palm oil in various end-use industries, such as food & beverage, cosmetics, and animal feed. Apart from this, the growing population and rising disposable incomes are also contributing to the growth of the market.
However, there are some challenges faced by the industry which are restraining its growth. These include volatile raw material prices, stringent government regulations, and health concerns associated with palm oil consumption.
The Indian refined palm oil market is highly competitive with a large number of players present in it. Some of the key players operating in the market include Adani Wilmar Ltd., Ruchi Soya Industries Ltd., Godrej Industries Ltd., Emami Agrotech Ltd., and VVF India Ltd.
This report provides an in-depth analysis of the refined 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:
- Prodcom 10415700 - Refined palm 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
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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
