Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in India - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in India (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in India (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in India
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in India
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in India (CIF) - 2022
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $2,124 per ton in 2022, surging by 14% against the previous year. Overall, the import price, however, continues to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 66% against the previous year. Over the period under review, average import prices attained the maximum at $86,533 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Bangladesh.
From 2013 to 2022, the rate of growth in terms of prices for Bangladesh amounted to +27.6% per year.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in India (FOB) - 2022
The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $2,855 per ton in 2022, with an increase of 14% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds increased by +87.8% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by 51%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nepal ($5,052 per ton), while the average price for exports to Australia ($2,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in India
For the third consecutive year, India recorded decline in purchases abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, which decreased by -46.4% to 70 tons in 2022. In general, imports continue to indicate a precipitous shrinkage. The smallest decline of -36% was in 2020.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds fell remarkably to $149K in 2022. Over the period under review, imports continue to indicate a significant decline. The smallest decline of -29.5% was in 2020.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 732 | 545 | 242 | 149 | -41.2% |
| Belgium | 40.4 | N/A | N/A | N/A | 0% |
| Others | 0.8 | N/A | 0.2 | N/A | -50.0% |
| Total | 774 | 545 | 242 | 149 | -42.3% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to India in 2022:
- Bangladesh (70.0 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in India
In 2022, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds from India contracted notably to 34 tons, which is down by -40.8% on the previous year's figure. In general, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 316% against the previous year. As a result, the exports attained the peak of 57 tons, and then reduced dramatically in the following year.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds reduced rapidly to $96K in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 353%. As a result, the exports reached the peak of $141K, and then fell significantly in the following year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | N/A | 21.0 | 0.6 | 30.5 | 20.5% |
| Saudi Arabia | N/A | N/A | N/A | 17.8 | 0% |
| United Arab Emirates | N/A | 1.1 | N/A | 9.4 | 192.3% |
| Netherlands | N/A | 1.7 | N/A | 8.9 | 128.8% |
| Nepal | 1.1 | N/A | 2.0 | 5.6 | 72.0% |
| Kuwait | N/A | N/A | N/A | 4.6 | 0% |
| Canada | N/A | N/A | 0.4 | 4.5 | 1025.0% |
| Rwanda | 31.0 | N/A | N/A | N/A | 0% |
| Others | 7.8 | 7.4 | 138 | 14.4 | 22.7% |
| Total | 39.9 | 31.2 | 141 | 95.7 | 33.9% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from India in 2022:
- Kenya (13.2 tons)
- Saudi Arabia (5.8 tons)
- United Arab Emirates (4.0 tons)
- Netherlands (2.4 tons)
- Kuwait (1.6 tons)
- Canada (1.3 tons)
- Nepal (1.1 tons)
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