Report Update Nov 1, 2024

India - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights

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India: Groundnut Oil Market 2024

Groundnut Oil Market Size in India

The Indian groundnut oil market shrank to $X in 2021, dropping by -14.9% against the previous year. Overall, consumption faced a abrupt decrease. Groundnut oil consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Groundnut Oil Production in India

In value terms, groundnut oil production shrank markedly to $X in 2021 estimated in export price. Overall, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 93% against the previous year. Groundnut oil production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Groundnut Oil Exports

Exports from India

In 2021, after five years of growth, there was significant decline in overseas shipments of groundnut oil, when their volume decreased by -35.2% to X tons. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 696% against the previous year. As a result, the exports reached the peak of X tons, and then shrank notably in the following year.

In value terms, groundnut oil exports declined markedly to $X in 2021. In general, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 898% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

China (X tons) was the main destination for groundnut oil exports from India, accounting for a 97% share of total exports. It was followed by Italy (X tons), with a 0.5% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China totaled +21.5%.

In value terms, China ($X) remains the key foreign market for groundnut oil exports from India, comprising 96% of total exports. The second position in the ranking was taken by Italy ($X), with a 0.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to +18.9%.

Export Prices by Country

The average groundnut oil export price stood at $X per ton in 2021, growing by 9.2% against the previous year. Overall, the export price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 25% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Italy totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.3%).

Groundnut Oil Imports

Imports into India

In 2021, overseas purchases of groundnut oil decreased by -53.6% to X tons, falling for the second year in a row after three years of growth. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 86% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, groundnut oil imports contracted notably to $X in 2021. Overall, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by 145% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of groundnut oil to India, accounting for a 93% share of total imports. Moreover, groundnut oil imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +10.4%.

In value terms, the United States ($X) constituted the largest supplier of groundnut oil to India, comprising 90% of total imports. The second position in the ranking was held by Germany ($X), with a 4.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +3.8%.

Import Prices by Country

In 2021, the average groundnut oil import price amounted to $X per ton, dropping by -5.7% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 59%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+30.4%), 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 groundnut oil in the world?

China remains the largest groundnut oil consuming country worldwide, accounting for 47% of total volume. Moreover, groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. Sudan ranked third in terms of total consumption with a 4.5% share.

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

China constituted the country with the largest volume of groundnut oil production, accounting for 41% of total volume. Moreover, groundnut oil production in China exceeded the figures recorded by the second-largest producer, Nigeria, fivefold. The third position in this ranking was occupied by India, with a 6.9% share.

What are the leading suppliers of groundnut oil to India?

In value terms, the United States constituted the largest supplier of groundnut oil to India, comprising 73% of total imports. The second position in the ranking was occupied by Germany, with a 14% share of total imports. It was followed by Italy, with an 11% share.

What are the leading importers of groundnut oil from India?

In value terms, China remains the key foreign market for groundnut oil exports from India, comprising 94% of total exports. The second position in the ranking was occupied by Italy, with a 4.2% share of total exports.

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

In 2020, the average groundnut oil export price amounted to $1,809 per ton, surging by 18% against the previous year.

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

The average groundnut oil import price stood at $6,455 per ton in 2020, surging by 84% against the previous year.

This report provides an in-depth analysis of the 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
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.

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