India: Oleo Oils Market 2025

Oleo Oils Market Size in India

After three years of growth, the Indian oleo oils market decreased by -0.7% to $X in 2021. Overall, consumption recorded a relatively flat trend pattern. Oleo oils consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Oleo Oils Production in India

In value terms, oleo oils production declined to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 32%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Oleo Oils Exports

Exports from India

In 2021, overseas shipments of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by -9.5% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, exports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 6,945% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, oleo oils exports fell to $X in 2021. In general, exports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2014 when exports increased by 8,871% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Sudan (X tons) was the main destination for oleo oils exports from India, with a 97% share of total exports. It was followed by Nepal (X tons), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Sudan stood at +3.0%.

In value terms, Sudan ($X) remains the key foreign market for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil exports from India, comprising 100% of total exports. The second position in the ranking was taken by Nepal ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Sudan totaled -1.5%.

Export Prices by Country

The average oleo oils export price stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 64% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sudan ($X per ton), while the average price for exports to Nepal stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (-4.4%).

Oleo Oils Imports

Imports into India

In 2021, purchases abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by -49.2% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports faced a sharp downturn. The pace of growth was the most pronounced in 2016 when imports increased by 533% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, oleo oils imports dropped rapidly to $X in 2021. Overall, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 315%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) was the main oleo oils supplier to India, with a 95% share of total imports. Moreover, oleo oils imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled -22.7%.

In value terms, the Netherlands ($X) constituted the largest supplier of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to India, comprising 94% of total imports. The second position in the ranking was held by Germany ($X), with a 5.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at -19.0%.

Import Prices by Country

In 2021, the average oleo oils import price amounted to $X per ton, growing by 4.1% against the previous year. Overall, the import price saw a tangible expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 592%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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