Southern Asia: Vegetable Oils Market 2024

Vegetable Oils Market Size in Southern Asia

The South Asian vegetable oils market contracted to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a abrupt setback. The growth pace was the most rapid in 2021 when the market value increased by X%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vegetable Oils Production in Southern Asia

In value terms, vegetable oils production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a deep setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vegetable Oils Exports

Exports in Southern Asia

In 2022, shipments abroad of vegetable fats and oils decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable oils exports reduced to $X in 2022. Over the period under review, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Pakistan (X tons) and India (X tons) dominates exports structure, together constituting X% of total exports. It was distantly followed by Sri Lanka (X tons), making up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest vegetable oils supplying countries in Southern Asia were India ($X), Pakistan ($X) and Sri Lanka ($X), with a combined X% share of total exports.

Sri Lanka, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable oils export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Vegetable Oils Imports

Imports in Southern Asia

In 2022, the amount of vegetable fats and oils imported in Southern Asia reduced remarkably to X tons, which is down by X% compared with 2021 figures. In general, imports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable oils imports contracted markedly to $X in 2022. Over the period under review, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Afghanistan was the key importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Bangladesh (X tons), Pakistan (X tons) and India (X tons), together creating a X% share of total imports. Bhutan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vegetable oils imports into Afghanistan stood at X%. At the same time, Bhutan (X%), Bangladesh (X%), India (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Bangladesh (X p.p.), India (X p.p.), Pakistan (X p.p.) and Bhutan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Afghanistan (X p.p.) displayed negative dynamics.

In value terms, Afghanistan ($X), India ($X) and Pakistan ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Bangladesh and Bhutan lagged somewhat behind, together comprising a further X%.

Bhutan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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