Report Update Nov 1, 2024

India - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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India: Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size in India

The Indian crude groundnut oil market skyrocketed to $X in 2022, rising by 24% against the previous year. Overall, consumption, however, faced a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Crude Groundnut Oil Production in India

In value terms, crude groundnut oil production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 99%. Crude groundnut oil production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Crude Groundnut Oil Exports

Exports from India

In 2022, shipments abroad of crude groundnut oil decreased by -24.7% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 228,524%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude groundnut oil exports contracted rapidly to $X in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2014 when exports increased by 172,335% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for crude groundnut oil exports from India, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China totaled +56.8%.

In value terms, China ($X) also remains the key foreign market for crude groundnut oil exports from India.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +50.2%.

Export Prices by Country

In 2022, the average crude groundnut oil export price amounted to $X per ton, remaining stable against the previous year. In general, the export price, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +0.3% per year.

Crude Groundnut Oil Imports

Imports into India

In 2022, crude groundnut oil imports into India expanded rapidly to X kg, increasing by 11% against the previous year. Overall, imports, however, saw a precipitous contraction. The growth pace was the most rapid in 2014 when imports increased by 1,110% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crude groundnut oil imports amounted to $X in 2022. Over the period under review, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by 1,620%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X kg), France (X kg) and the United Arab Emirates (X kg) were the main suppliers of crude groundnut oil imports to India.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of -1.1%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X), France ($X) and the United Arab Emirates ($X) appeared to be the largest crude groundnut oil suppliers to India.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +17.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average crude groundnut oil import price amounted to $X per ton, approximately equating the previous year. Overall, the import price enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 108% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude groundnut oil in the world?

China constituted the country with the largest volume of crude groundnut oil consumption, comprising approx. 46% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. The third position in this ranking was occupied by India, with a 5.2% share.

What are the largest producers of crude groundnut oil in the world?

The country with the largest volume of crude groundnut oil production was China, comprising approx. 39% of total volume. Moreover, crude groundnut oil production in China exceeded the figures recorded by the second-largest producer, Nigeria, fivefold. India ranked third in terms of total production with a 7% share.

What are the leading suppliers of crude groundnut oil to India?

In value terms, China constituted the largest supplier of crude groundnut oil to India.

What are the leading importers of crude groundnut oil from India?

In value terms, China remains the key foreign market for crude groundnut oil exports from India.

What is the average export price for crude groundnut oil in India?

In 2021, the average crude groundnut oil export price amounted to $1,963 per ton, picking up by 3.8% against the previous year.

What is the average import price for crude groundnut oil in India?

In 2021, the average crude groundnut oil import price amounted to $1,986 per ton, with a decrease of -72.2% against the previous year.

This report provides an in-depth analysis of the crude 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:

FCL 244 - Oil of Groundnuts

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
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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
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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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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