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India - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jan 26, 2023
India's Soybean Oil Price Drops 8% to $1,472 per Ton
India Soybean Oil Import Price in September 2022
In September 2022, the soybean oil price stood at $1,472 per ton (CIF, India), falling by -7.7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 8.9% against the previous month. The import price peaked at $1,857 per ton in June 2022; however, from July 2022 to September 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,318 per ton), while the price for Switzerland ($1,392 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
India Soybean Oil Import Prices by Type
Average prices varied somewhat amongst the major supplied products. In September 2022, the product with the highest price was refined soybean oil and its fractions ($2,092 per ton), while the price for crude soybean oil amounted to $1,468 per ton.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by refined soybean oil (+1.6%).
India Soybean Oil Imports
In September 2022, soybean oil imports into India declined significantly to 245K tons, with a decrease of -15.6% on the previous month's figure. Overall, imports recorded a drastic downturn. The pace of growth was the most pronounced in July 2022 when imports increased by 75% m-o-m. As a result, imports attained the peak of 481K tons. From August 2022 to September 2022, the growth of imports failed to regain momentum.
In value terms, soybean oil imports dropped remarkably to $361M (IndexBox estimates) in September 2022. Over the period under review, imports continue to indicate a deep downturn. The growth pace was the most rapid in July 2022 with an increase of 66% m-o-m. As a result, imports attained the peak of $847M. From August 2022 to September 2022, the growth of imports remained at a somewhat lower figure.
India Soybean Oil Imports by Type
In September 2022, crude soybean oil (243K tons) was the main type of soybean oil supplied to India, accounting for a 99% share of total imports. It was followed by refined soybean oil and its fractions (1.7K tons), with a 0.7% share of total imports.
From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of import of crude soybean oil amounted to -5.2%.
In value terms, crude soybean oil ($357M) constituted the largest type of soybean oil supplied to India, comprising 99% of total imports. The second position in the ranking was taken by refined soybean oil and its fractions ($3.6M), with a 1% share of total imports.
India Soybean Oil Imports by Country
Brazil (120K tons), Argentina (83K tons) and Switzerland (20K tons) were the main suppliers of soybean oil imports to India, with a combined 91% share of total imports.
From January 2022 to September 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +6.7%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Brazil ($176M), Argentina ($123M) and the Netherlands ($30M) constituted the largest soybean oil suppliers to India, together comprising 91% of total imports.
Brazil, with a CAGR of +6.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Factors Affecting Soybean Oil Market
Soybean oil is one of the most popular oils used in India, due to its relatively low price and high quality. Soybean oil prices in India have been on the rise, due to a number of factors. One of the main drivers of this price increase has been the strong demand from China, which is the world's largest importer of soybean oil. With Chinese demand remaining robust, there is little chance of prices coming down in the near future.
The Indian population is growing at a rapid rate, and with that comes an increased demand for edible oils, which stimulates price growth. Another factor that has contributed to higher prices is the ongoing drought in Brazil, one of the world's leading producers of soybeans. This has led to concerns about supply levels, and as a result, prices have risen.
This report provides an in-depth analysis of the soybean 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:
• FCL 237 - Oil of Soybeans
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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