India - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Groundnut Oil Price in India Increases Notably to $3,080 per Ton
India Refined Groundnut Oil Export Price in October 2022
In October 2022, the refined groundnut oil price stood at $3,080 per ton (FOB, India), surging by 13% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in May 2022 an increase of 41% m-o-m. As a result, the export price attained the peak level of $3,254 per ton. From June 2022 to October 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($3,559 per ton), while the average price for exports to Thailand ($2,031 per ton) was amongst the lowest.
From February 2022 to October 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
India Refined Groundnut Oil Exports
In October 2022, exports of refined groundnut oil from India fell markedly to 95 tons, waning by -51.9% on the month before. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in June 2022 with an increase of 399% month-to-month. As a result, the exports reached the peak of 640 tons. From July 2022 to October 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, refined groundnut oil exports fell remarkably to $292K (IndexBox estimates) in October 2022. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in June 2022 when exports increased by 273% against the previous month. As a result, the exports reached the peak of $1.6M. From July 2022 to October 2022, the growth of the exports remained at a lower figure.
India Refined Groundnut Oil Exports by Country
the United States (33 tons) was the main destination for refined groundnut oil exports from India, accounting for a 34% share of total exports. Moreover, refined groundnut oil exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (14 tons), twofold. The third position in this ranking was held by Australia (12 tons), with a 13% share.
From February 2022 to October 2022, the average monthly growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United Arab Emirates (-5.3% per month) and Australia (+8.1% per month).
In value terms, the United States ($116K) emerged as the key foreign market for refined groundnut oil exports from India, comprising 40% of total exports. The second position in the ranking was held by Australia ($37K), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 12% share.
From February 2022 to October 2022, the average monthly growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Australia (+10.1% per month) and the United Arab Emirates (-4.2% per month).
Refined Groundnut Oil Market Overview
Refined groundnut oil price in India has been on a steady rise in the past few years. This is largely attributed to the growing demand for the product in the domestic market. The oil is used extensively in cooking, and is also a popular choice for frying and other food preparation methods. Groundnut oil is rich in vitamins and minerals, making it a healthy option for many consumers.
In recent years, there has been an increase in the number of health-conscious consumers in India, who are willing to pay premium prices for products that offer health benefits. This trend has helped drive up the demand for refined groundnut oil, as it is seen as a healthier alternative to other oils on the market.
With the Indian economy growing at a rapid pace, there is expected to be continued growth in the demand for refined groundnut oil. This will likely lead to further increases in price, although competition from other oils may help to keep prices from rising too sharply.
This report provides an in-depth analysis of the refined 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:
- Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
