India: Rapeseed Oil Market 2025

Rapeseed Oil Market Size in India

The Indian rapeseed oil market declined modestly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Rapeseed oil consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Rapeseed Oil Production in India

In value terms, rapeseed oil production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 49% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Rapeseed Oil Exports

Exports from India

In 2022, approx. X tons of rapeseed oil were exported from India; picking up by 24% compared with 2021. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 62%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, rapeseed oil exports skyrocketed to $X in 2022. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 72% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for rapeseed oil exports from India, with a 33% share of total exports. Moreover, rapeseed oil exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Canada (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+18.9% per year) and Canada (+36.4% per year).

In value terms, the United States ($X) remains the key foreign market for rapeseed oil exports from India, comprising 33% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total exports. It was followed by Canada, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+20.8% per year) and Canada (+39.5% per year).

Export Prices by Country

In 2022, the average rapeseed oil export price amounted to $X per ton, with an increase of 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.1%. The growth pace was the most rapid in 2013 when the average export price increased by 31% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Rapeseed Oil Imports

Imports into India

Rapeseed oil imports into India reduced remarkably to X tons in 2022, shrinking by -96.2% compared with 2021 figures. In general, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 546%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, rapeseed oil imports contracted sharply to $X in 2022. Overall, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 444% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest rapeseed oil supplier to India, with a 69% share of total imports. Moreover, rapeseed oil imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), fivefold. Spain (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (0.0% per year) and Spain (-23.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of rapeseed oil to India, comprising 61% of total imports. The second position in the ranking was taken by Paraguay ($X), with a 13% share of total imports. It was followed by Spain, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to -23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (0.0% per year) and Spain (-16.9% per year).

Import Prices by Country

In 2022, the average rapeseed oil import price amounted to $X per ton, picking up by 62% against the previous year. Over the period under review, the import price showed a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Nepal ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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