Report India - Refined Palm Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
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India - Refined Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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India: Refined Palm Oil Market 2022

Refined Palm Oil Market Size in India

For the sixth year in a row, the Indian refined palm oil market recorded growth in sales value, which increased by 8.3% to $X in 2021. Over the period under review, consumption recorded a strong increase. Refined palm oil consumption peaked in 2021 and is expected to retain growth in the near future.

Refined Palm Oil Production in India

In value terms, refined palm oil production fell to $X in 2021 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 26%. Refined palm oil production peaked at $X in 2020, and then contracted in the following year.

Refined Palm Oil Exports

Exports from India

In 2021, approx. X tons of refined palm oil were exported from India; leveling off at the previous year. Overall, exports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of 102%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, refined palm oil exports surged to $X in 2021. In general, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +88.6% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 46% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bangladesh (X tons) was the main destination for refined palm oil exports from India, accounting for a 93% share of total exports. It was followed by Greece (X tons), with a 2.4% share of total exports. The third position in this ranking was held by Germany (X tons), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (0.0% per year) and Germany (+189.1% per year).

In value terms, Bangladesh ($X) emerged as the key foreign market for refined palm oil exports from India, comprising 93% of total exports. The second position in the ranking was held by Greece ($X), with a 2.2% share of total exports. It was followed by Germany, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (0.0% per year) and Germany (+151.8% per year).

Export Prices by Country

In 2021, the average refined palm oil export price amounted to $X per ton, jumping by 38% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, refined palm oil export price increased by +120.7% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Bangladesh ($X per ton) and Indonesia ($X per ton), while the average price for exports to Greece ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Palm Oil Imports

Imports into India

After eight years of decline, supplies from abroad of refined palm oil increased by 314% to X tons in 2021. Over the period under review, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined palm oil imports surged to $X in 2021. Overall, imports enjoyed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of refined palm oil to India, accounting for a 64% share of total imports. Moreover, refined palm oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. Nepal (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+1.7% per year) and Nepal (+295.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of refined palm oil to India, comprising 59% of total imports. The second position in the ranking was held by Nepal ($X), with a 19% share of total imports. It was followed by Malaysia, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Nepal (+351.8% per year) and Malaysia (+10.3% per year).

Import Prices by Country

In 2021, the average refined palm oil import price amounted to $X per ton, with an increase of 65% against the previous year. Over the period under review, the import price showed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Nepal ($X per ton) and Malaysia ($X per ton), while the price for Indonesia ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for refined palm oil in the world?
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The countries with the highest volumes of consumption in 2021 were China, India and the United States, with a combined 25% share of global consumption. Malaysia, Pakistan, Japan, Russia, Indonesia, Brazil, Ethiopia, Bangladesh, Mexico and France lagged somewhat behind, together comprising a further 28%.
What are the largest producers of refined palm oil in the world?
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Indonesia remains the largest refined palm oil producing country worldwide, comprising approx. 32% of total volume. Moreover, refined palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. India ranked third in terms of total production with a 5% share.
What are the leading suppliers of refined palm oil to India?
+
In value terms, Indonesia constituted the largest supplier of refined palm oil to India, comprising 59% of total imports. The second position in the ranking was held by Nepal, with a 19% share of total imports. It was followed by Malaysia, with a 16% share.
What are the leading importers of refined palm oil from India?
+
In value terms, Bangladesh emerged as the key foreign market for refined palm oil exports from India, comprising 93% of total exports. The second position in the ranking was held by Greece, with a 2.2% share of total exports. It was followed by Germany, with a 2.1% share.
What is the average export price for refined palm oil in India?
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In 2021, the average refined palm oil export price amounted to $1,308 per ton, with an increase of 38% against the previous year.
What is the average import price for refined palm oil in India?
+
In 2021, the average refined palm oil import price amounted to $1,259 per ton, with an increase of 65% against the previous year.

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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