India - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Soybean Oil Price in India - 2023
Contents:
- Crude Soybean Oil Price in India (CIF) - 2023
- Crude Soybean Oil Price in India (FOB) - 2022
- Crude Soybean Oil Imports in India
- Crude Soybean Oil Exports in India
Crude Soybean Oil Price in India (CIF) - 2023
In July 2023, the average crude soybean oil import price amounted to $1,037 per ton, remaining relatively unchanged against the previous month. Overall, the import price, however, showed a pronounced reduction. The growth pace was the most rapid in December 2022 an increase of 3.6% m-o-m. The import price peaked at $1,758 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Egypt ($1,110 per ton) and Switzerland ($1,061 per ton), while the price for the Netherlands ($1,026 per ton) and Argentina ($1,027 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Egypt (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Crude Soybean Oil Price in India (FOB) - 2022
In 2022, the average crude soybean oil export price amounted to $1,669 per ton, picking up by 53% against the previous year. Overall, the export price recorded temperate growth. The growth pace was the most rapid in 2013 an increase of 130%. As a result, the export price reached the peak level of $2,783 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($1,801 per ton), while the average price for exports to the Philippines totaled $1,560 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.5%), while the prices for the other major destinations experienced a decline.
Crude Soybean Oil Imports in India
Crude soybean oil imports into India surged to 3.8M tons in 2022, with an increase of 21% compared with the year before. The total import volume increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, crude soybean oil imports skyrocketed to $5.9B in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 49%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Crude Soybean Oil in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 1,682 | 2,097 | 2,813 | 2,745 | 17.7% |
| Brazil | 223 | 268 | 669 | 2,196 | 114.3% |
| Netherlands | 40.3 | 100 | 248 | 377 | 110.7% |
| United States | N/A | N/A | 35.8 | 235 | 556.4% |
| Switzerland | 203 | 132 | 184 | 148 | -10.0% |
| Russia | N/A | 42.6 | N/A | 105 | 57.0% |
| Others | 62.3 | 135 | 177 | 135 | 29.4% |
| Total | 2,210 | 2,775 | 4,127 | 5,941 | 39.0% |
Top Suppliers of Crude Soybean Oil to India in 2022:
- Argentina (1761.1K tons)
- Brazil (1409.0K tons)
- Netherlands (246.8K tons)
- United States (159.8K tons)
- Switzerland (94.5K tons)
- Russia (66.2K tons)
Crude Soybean Oil Exports in India
In 2022, overseas shipments of crude soybean oil decreased by -91.3% to 81 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2020 when exports increased by 151%. As a result, the exports reached the peak of 3.2K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, crude soybean oil exports contracted significantly to $136K in 2022. Overall, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 149%. As a result, the exports reached the peak of $3.5M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Crude Soybean Oil in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | N/A | N/A | N/A | 69.8 | 0% |
| New Caledonia | N/A | N/A | N/A | 65.5 | 0% |
| United States | 491 | 890 | 128 | N/A | -48.9% |
| Oman | N/A | 80.3 | 204 | N/A | 154.0% |
| Canada | 935 | 2,564 | 668 | N/A | -15.5% |
| Others | N/A | 9.9 | 20.5 | 0.5 | -77.5% |
| Total | 1,426 | 3,544 | 1,020 | 136 | -54.3% |
Top Export Markets for Crude Soybean Oil from India in 2022:
- Philippines (44.8 tons)
- New Caledonia (36.4 tons)
This report provides an in-depth analysis of the crude 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:
- 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
-
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
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This report provides an in-depth analysis of the crude soybean oil market in India.
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This report provides an in-depth analysis of the soybean oil market in India.
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This report provides an in-depth analysis of the soybean oil market in India.
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This report provides an in-depth analysis of the refined soybean oil market in India.
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This report provides an in-depth analysis of the global crude soybean oil market.
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Global Soybean Oil Market Report 2019. This report provides an in-depth analysis of the global soybean oil market.
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This report provides an in-depth analysis of the global soybean oil market.
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This report provides an in-depth analysis of the global refined soybean oil market.
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This report provides an in-depth analysis of the crude soybean oil market in India.
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This report provides an in-depth analysis of the soybean oil market in India.
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In March 2023, the price of Crude Soybean Oil leveled off at $1,309 per ton (CIF, India), remaining unchanged from the previous month.
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From July 2023 to October 2023, the import growth of Soybean Oil experienced a decline, reaching a value of $176M in October 2023.
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In September 2022, the soybean oil price stood at $1,472 per ton (CIF, India), falling by -7.7% against the previous month.
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Explore the top import markets for crude soybean oil in 2023, including key statistics and import values. Learn about the leading countries driving the global soybean oil market.
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Global soybean oil consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global soybean oil exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global soybean oil imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), the United States (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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Argentina leads the way in the global soya-bean oil trade. In 2014, Argentina exported X thousand tons of soya-bean oil totaling X million USD, X% under the previous year. Its primary trading partner was India, where it supplied X% of its t
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In 2022, soybean oil prices are forecast to rise by nearly 4% to $1,425 per ton, driven by boosting demand for biofuels. In 2021, the average annual soybean oil price skyrocketed, rising 65% y-o-y to $1,385 per ton. India remains the world’s largest soybean oil importer, while Argentina holds the position of the leading global supplier.
