India: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in India

The Indian chemically modified oils market dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Chemically Modified Oils Production in India

In value terms, chemically modified oils production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Chemically Modified Oils Exports

Exports from India

In 2022, overseas shipments of animal or vegetable fats and oils chemically modified increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, chemically modified oils exports skyrocketed to $X in 2022. In general, exports showed a temperate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for chemically modified oils exports from India, accounting for a X% share of total exports. Moreover, chemically modified oils exports to Malaysia exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and the Netherlands (X% per year).

In value terms, Malaysia ($X), the Philippines ($X) and the United States ($X) constituted the largest markets for chemically modified oils exported from India worldwide, with a combined X% share of total exports.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($X 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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into India

In 2022, imports of animal or vegetable fats and oils chemically modified into India declined rapidly to X tons, falling by X% on 2021 figures. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, chemically modified oils imports fell sharply to $X in 2022. Over the period under review, imports showed a deep slump. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of chemically modified oils imports to India, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to India, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average chemically modified oils import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price recorded a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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