
India - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
Crude Palm Oil Price in India Loses 14% to $1.5K per Ton After Peaking in June
India Crude Palm Oil Import Price per Ton in July 2022
In July 2022, the crude palm oil price per ton stood at $1.5K (CIF, India), reducing by -14% against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in March 2022 when the average import price increased by 15% against the previous month. The import price peaked at $1.8K per ton in June 2022, and then shrank in the following month.
Average prices varied noticeably amongst the major supplying countries. In July 2022, the countries with the highest prices were Thailand ($1.6K per ton) and Indonesia ($1.5K per ton), while the price for Singapore ($1.5K per ton) and Malaysia ($1.5K per ton) were amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
India Crude Palm Oil Imports
Crude palm oil imports into India dropped markedly to 456K tons in July 2022, which is down by -15.1% on the month before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 107% against the previous month.
In value terms, crude palm oil imports dropped dramatically to $692M (IndexBox estimates) in July 2022. In general, imports, however, continue to indicate modest growth. The growth pace was the most rapid in March 2022 with an increase of 138% month-to-month.
India Crude Palm Oil Imports by Country
Indonesia (164K tons), Malaysia (149K tons) and Thailand (78K tons) were the main suppliers of crude palm oil imports to India, together comprising 85% of total imports.
From January 2022 to July 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Indonesia ($250M), Malaysia ($219M) and Thailand ($122M) appeared to be the largest crude palm oil suppliers to India, with a combined 85% share of total imports.
Among the main suppliers, Thailand, with a CAGR of +23.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the crude palm 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.
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Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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The Largest Producers on The Market and Their Profiles
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