India - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Soybean Oil Price in India Sees a Mild Drop to $2,119 per Ton
India Refined Soybean Oil Import Price in June 2024
In June 2024, the refined soybean oil price amounted to $2,119 per ton (CIF, India), declining by -3.9% against the previous month. Over the period under review, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 246% m-o-m. As a result, import price attained the peak level of $9,508 per ton. From August 2023 to June 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2024, the country with the highest price was Germany ($8,430 per ton), while the price for Nepal ($1,425 per ton) was amongst the lowest.
From June 2023 to June 2024, the most notable rate of growth in terms of prices was attained by Germany (+1.0%), while the prices for the other major suppliers experienced a decline.
| COUNTRY | Import Price of Refined Soybean Oil in India (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | Jun 2024 | |
| Germany | 7,443 | 15,169 | 8,048 | 7,400 | 8,934 | 9,431 | 9,407 | 13,827 | 9,222 | 10,018 | 7,205 | 7,950 | 8,430 |
| United States | 9,654 | 9,181 | 18,762 | N/A | 12,255 | 39,112 | 8,151 | 29,296 | 23,058 | 5,510 | 3,272 | 2,205 | 5,427 |
| Nepal | 1,629 | N/A | N/A | 2,003 | 1,586 | 1,683 | 1,602 | 1,516 | 1,488 | 1,442 | 1,437 | 1,580 | 1,425 |
| France | 9,245 | 9,269 | 9,794 | N/A | N/A | 8,385 | N/A | 8,350 | N/A | 6,848 | 6,904 | 8,677 | N/A |
| Average | 2,748 | 9,508 | 8,600 | 7,260 | 1,626 | 1,789 | 1,792 | 1,551 | 1,636 | 1,654 | 1,807 | 2,205 | 2,119 |
India Refined Soybean Oil Imports
Refined soybean oil imports into India shrank dramatically to 137 tons in June 2024, falling by -21.8% on May 2024. Over the period under review, imports, however, showed a tangible increase. The growth pace was the most rapid in October 2023 with an increase of 6,909% month-to-month.
In value terms, refined soybean oil imports shrank remarkably to $290K (IndexBox estimates) in June 2024. Overall, imports, however, posted a moderate increase. The growth pace was the most rapid in October 2023 with an increase of 1,470% m-o-m.
India Refined Soybean Oil Imports by Country
Bangladesh (74 tons), Nepal (45 tons) and Germany (9.4 tons) were the main suppliers of refined soybean oil imports to India, together comprising 94% of total imports. The United States lagged somewhat behind, accounting for a further 6.2%.
From June 2023 to June 2024, the biggest increases were in the United States (with a CAGR of +67.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Bangladesh ($100K), Germany ($80K) and Nepal ($64K) were the largest refined soybean oil suppliers to India, together comprising 84% of total imports. These countries were followed by the United States, which accounted for a further 16%.
In terms of the main suppliers, the United States, with a CAGR of +59.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the refined soybean 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 10415100 - Refined soya-bean 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 2012–2024
- 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
