India - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRefined Palm Oil Price in India - 2023
Contents:
- Refined Palm Oil Price in India (CIF) - 2023
- Refined Palm Oil Price in India (FOB) - 2023
- Refined Palm Oil Imports in India
- Refined Palm Oil Exports in India
Refined Palm Oil Price in India (CIF) - 2023
In July 2023, the average refined palm oil import price amounted to $863 per ton, reducing by -7.9% against the previous month. In general, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in March 2023 an increase of 3.6% month-to-month. Over the period under review, average import prices reached the maximum at $1,548 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Nepal ($1,278 per ton) and South Korea ($908 per ton), while the price for Indonesia ($853 per ton) and Singapore ($858 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 South Korea (0.0%), while the prices for the other major suppliers experienced a decline.
Refined Palm Oil Price in India (FOB) - 2023
In July 2023, the average refined palm oil export price amounted to $1,091 per ton, with a decrease of -2.6% against the previous month. In general, the export price saw a abrupt slump. The pace of growth was the most pronounced in January 2023 an increase of 12% month-to-month. Over the period under review, the average export prices hit record highs at $2,180 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In July 2023, the country with the highest price was Bhutan ($1,342 per ton), while the average price for exports to Nepal stood at $1,034 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (-1.2%), while the prices for the other major destinations experienced a decline.
Refined Palm Oil Imports in India
In 2022, approx. 2.5M tons of refined palm oil were imported into India; rising by 154% against the previous year's figure. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 314%.
In value terms, refined palm oil imports skyrocketed to $3.2B in 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 584% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Refined Palm Oil in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 277 | 127 | 740 | 2,416 | 105.8% |
| Malaysia | 1,289 | 7.4 | 202 | 566 | -24.0% |
| Nepal | 197 | 47.3 | 236 | 174 | -4.1% |
| Singapore | 63.4 | N/A | 58.9 | 78.2 | 7.2% |
| Others | 21.6 | 1.1 | 13.2 | 8.1 | -27.9% |
| Total | 1,848 | 183 | 1,251 | 3,243 | 20.6% |
Top Suppliers of Refined Palm Oil to India in 2022:
- Indonesia (1928.4K tons)
- Malaysia (415.3K tons)
- Nepal (108.6K tons)
- Singapore (64.6K tons)
Refined Palm Oil Exports in India
In 2022, overseas shipments of refined palm oil decreased by -84.1% to 2.2K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 898% against the previous year. As a result, the exports attained the peak of 14K tons, and then reduced remarkably in the following year.
In value terms, refined palm oil exports fell sharply to $3.2M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,349% against the previous year. As a result, the exports reached the peak of $18M, and then reduced dramatically in the following year.
| Export of Refined Palm Oil in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 60.6 | 7.9 | 215 | 1,598 | 197.6% |
| Germany | 31.8 | 39.2 | 381 | 640 | 172.0% |
| Bhutan | 76.5 | 9.3 | 106 | 528 | 90.4% |
| United States | 6.8 | 0.3 | 2.9 | 154 | 182.9% |
| Greece | N/A | 51.6 | 407 | 83.6 | 27.3% |
| Bangladesh | N/A | N/A | 16,982 | 54.1 | -99.7% |
| Oman | 26.2 | 1,120 | N/A | 0.2 | -80.3% |
| Others | 7.8 | 35.0 | 207 | 171 | 179.9% |
| Total | 210 | 1,263 | 18,301 | 3,229 | 148.7% |
Top Export Markets for Refined Palm Oil from India in 2022:
- Nepal (1139.3 tons)
- Germany (504.0 tons)
- Bhutan (329.0 tons)
- Greece (65.0 tons)
- United States (64.7 tons)
- Bangladesh (38.1 tons)
- Oman (0.1 tons)
This report provides an in-depth analysis of the refined palm 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 10415700 - Refined palm 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
416
This report provides an in-depth analysis of the refined palm oil market in India.
526
This report provides an in-depth analysis of the palm oil market in India.
349
This report provides an in-depth analysis of the palm fruit oil market in India.
1130
This report provides an in-depth analysis of the crude palm oil market in India.
541
This report provides an in-depth analysis of the transmission shaft market in India.
714
This report provides an in-depth analysis of the linseed oil market in India.
777
This report provides an in-depth analysis of the surgical glove market in India.
407
This report provides an in-depth analysis of the market for caustic soda in the solid form in India.
389
This report provides an in-depth analysis of the market for reaction initiators and accelerators in India.
449
This report provides an in-depth analysis of the hard plastic comb market in India.
289
This article discusses the import price and quantity of refined palm oil in India in November 2022, along with the prices and volumes by country. The import price for refined palm oil amounted to $997 per ton and varied noticeably by country of origin. Indonesia was the largest supplier of refined palm oil to India, followed by Malaysia and Singapore. Import volumes saw a significant increase in November, with Indonesia leading the way with a growth rate of 7.9%. In terms of value, Indonesia accounted for the lion's share of imports at 78%, followed by Malaysia and Nepal.
412
In September 2022, the refined palm oil price amounted to $1,055 per ton (CIF, India), dropping by -10.1% against the previous month.
424
In June 2023, Palm Oil was priced at $938 per ton (CIF, India), showing a decline of -7.9% compared to the previous month.
572
In July 2022, the crude palm oil price per ton stood at $1.5K (CIF, India), reducing by -14% against the previous month.
248
In March 2023, the price of Linseed Oil was $2,129 per ton (CIF, India), showing a 14% increase compared to the previous month.
158
Printing Ink exports experienced significant growth in November 2022, with a month-on-month increase of 26%. Furthermore, the value of Printing Ink exports soared to $14M in October 2023.
349
Learn about the top five import markets for palm oil and their respective import values in 2022. India ranks as the largest importer, followed by China, Pakistan, the United States, and the Netherlands. These countries exhibit significant demand for palm oil due to various factors such as population size, dietary preferences, and industrial applications. Understanding the dynamics of these import markets is crucial for palm oil producers, traders, and other stakeholders in the industry. Get comprehensive insights into the global palm oil market with IndexBox's recent market report.
977
While Indonesia, planning to expand production, fights for the EU's recognition of palm oil as a biofuel, Malaysia is faced with an acute shortage of labor due to the outflow of guest workers after the pandemic.
1923
In 2015, the countries with the highest levels of palm fruit oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
215
Explore the top import markets for crude palm oil and the key statistics in the global industry. Learn about the leading countries, import values, and trends.
