India - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in India - 2023
Contents:
- Refined Olive Oil Price in India (CIF) - 2023
- Refined Olive Oil Price in India (FOB) - 2022
- Refined Olive Oil Imports in India
- Refined Olive Oil Exports in India
Refined Olive Oil Price in India (CIF) - 2023
The average refined olive oil import price stood at $6,867 per ton in July 2023, approximately equating the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 23% against the previous month. Over the period under review, average import prices attained the peak figure in July 2023.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Spain ($6,957 per ton), while the price for Turkey ($4,989 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Price in India (FOB) - 2022
In 2022, the average refined olive oil export price amounted to $4,434 per ton, reducing by -1.7% against the previous year. In general, the export price, however, saw a strong increase. The pace of growth was the most pronounced in 2015 an increase of 117%. Over the period under review, the average export prices attained the peak figure at $5,263 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($10,396 per ton), while the average price for exports to the United Arab Emirates ($754 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 China (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Imports in India
In 2022, approx. 301K tons of refined olive oil were imported into India; rising by 4,575% on 2021 figures. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined olive oil imports skyrocketed to $266M in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Refined Olive Oil in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | N/A | N/A | N/A | 90.3 | 0% |
| Saudi Arabia | N/A | N/A | N/A | 85.1 | 0% |
| Iraq | N/A | N/A | N/A | 57.5 | 0% |
| Spain | 15.9 | 21.9 | 30.2 | 28.9 | 22.0% |
| Others | 2.8 | 1.4 | 2.0 | 4.1 | 13.6% |
| Total | 18.7 | 23.3 | 32.2 | 266 | 142.3% |
Top Suppliers of Refined Olive Oil to India in 2022:
- Oman (136.8K tons)
- Iraq (101.7K tons)
- Saudi Arabia (55.4K tons)
- Spain (5.5K tons)
Refined Olive Oil Exports in India
In 2022, after two years of decline, there was significant growth in overseas shipments of refined olive oil, when their volume increased by 21% to 45 tons. In general, exports, however, recorded a deep setback.
In value terms, refined olive oil exports surged to $201K in 2022. Over the period under review, exports, however, recorded a deep downturn.
| Export of Refined Olive Oil in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | N/A | 1.4 | N/A | 54.6 | 524.5% |
| United States | 26.5 | 57.6 | 36.8 | 38.8 | 13.6% |
| Bhutan | 24.6 | 23.8 | 65.9 | 16.2 | -13.0% |
| Bangladesh | 52.5 | 54.4 | 5.6 | 14.9 | -34.3% |
| Australia | 7.5 | 11.8 | 13.5 | 13.5 | 21.6% |
| Qatar | N/A | 1.3 | N/A | 8.2 | 151.2% |
| Kenya | 0.8 | 6.0 | 4.0 | 7.9 | 114.5% |
| United Kingdom | N/A | 0.1 | 1.1 | 7.4 | 760.2% |
| Hong Kong SAR | 0.7 | 31.9 | 1.0 | 6.7 | 112.3% |
| Saudi Arabia | 3.3 | 7.1 | 0.8 | 6.0 | 22.1% |
| United Arab Emirates | 31.3 | 5.0 | 7.4 | 5.0 | -45.7% |
| Iran | 148 | N/A | N/A | N/A | 0% |
| Others | 14.4 | 40.6 | 32.8 | 22.1 | 15.3% |
| Total | 310 | 241 | 169 | 201 | -13.4% |
Top Export Markets for Refined Olive Oil from India in 2022:
- Egypt (14.4 tons)
- Bangladesh (7.6 tons)
- United Arab Emirates (6.6 tons)
- United States (3.7 tons)
- Bhutan (2.1 tons)
- Qatar (1.8 tons)
- Kenya (1.8 tons)
- Australia (1.5 tons)
- Hong Kong SAR (1.3 tons)
- Saudi Arabia (1.1 tons)
- United Kingdom (0.7 tons)
This report provides an in-depth analysis of the refined olive 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 10415310 - Refined olive 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
-
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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