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Edible Oil Exports from India: A Comprehensive Overview of the Growing Industry
India's edible oil market is robust, playing a crucial role in the global edible oil industry. With an expanding export landscape, India has made significant strides, positioning itself as one of the prominent players in the edible oil sector. This article delves into the statistics, top exporters, importing countries, and the overall impact of Edible Oil Exports from India on the global market.
The Importance of Edible Oil in India
Edible oil is a staple in Indian households and culinary traditions, with regional preferences dictating the type of oil used. Northern India favors mustard oil, while coconut oil is commonly used in the south. India stands as the second-largest consumer of edible oil worldwide and is also one of the leading producers. As Indian edible oils gain popularity globally, India has risen as a key exporter of edible oils.
Edible Oil Production in India: An Overview
India's agricultural economy benefits significantly from oilseed production. For the fiscal year 2023-2024, India produced an estimated 39.59 million tons of oilseeds, contributing between 5-6% of the world’s oilseed production. Key oilseed-producing states in India include:
Andhra Pradesh, Gujarat, Karnataka, Tamil Nadu: Groundnut production
Madhya Pradesh, Maharashtra, Rajasthan: Soybean production
Haryana, Rajasthan, Uttar Pradesh, West Bengal: Mustard production
These regions collectively contribute over 95% of the country’s edible oil production.
Growth Projections for India’s Edible Oil Market
The edible oil market in India is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2027, reaching USD 268.9 million. With increasing urbanization, changing food habits, and rising disposable income, demand for high-quality edible oils is set to grow. The Indian edible oil market is expected to expand from 24.7 million metric tons in 2023 to 27.9 million metric tons by 2032.
Key drivers include:
Urbanization: Changing eating habits and food choices
Increased disposable income: Rising preference for premium oils
Processed food demand: Usage of edible oil as a preservative and flavor enhancer
Edible Oil Export Data: India (2023-24)
India exported 7,070 shipments of edible oil from March 2023 to February 2024, with 300 exporters supplying products to 1,798 buyers globally. This marked a 115% increase in shipments compared to the previous year. Notably, India’s exports of oil meals, oilseeds, and minor oils reached 3.46 million tons, valued at Rs 14,609 crores in the fiscal year 2022-2023.
Top export destinations for Indian edible oil include the United States, China, and the Netherlands. In February 2024 alone, India shipped 503 edible oil cargoes, representing a 14% decrease from January 2024 and a 5% drop from February 2023 on a year-over-year basis.
Leading Indian Edible Oil Exporters
India's top edible oil exporters include major companies contributing to the country’s substantial exports:
Adani Wilmar Limited
Agro Tech Foods Ltd. (ConAgra Brands Inc.)
BCL Industries Ltd.
Bunge India Private Limited
Cargill India Private Limited
Emami Agrotech Limited
Gulab Oil And Foods Pvt. Ltd.
Sri Basant Oils Ltd.
AJ-overseas Trade
Shiv Nandi Oil
These companies play a vital role in meeting global edible oil demands, consistently delivering high-quality products.
Top Global Exporters and Importers of Edible Oil
Global demand for edible oil is substantial, with Malaysia leading the way as the largest exporter, followed by Indonesia and the Netherlands.
Top Exporting Countries
Malaysia - USD 1.66 billion
Indonesia - USD 1.52 billion
Netherlands - USD 424 million
Germany - USD 354 million
China - USD 342 million
Top Importing Countries
China - USD 786 million
Netherlands - USD 515 million
United States - USD 325 million
Malaysia - USD 271 million
Germany - USD 225 million
China, the Netherlands, and the United States represent significant markets for Indian edible oil exports, providing Indian exporters with opportunities for trade growth.
How Exportimportdata.in Supports Edible Oil Exporters
For those interested in entering the edible oil export market, platforms like Exportimportdata.in offer comprehensive, real-time data on edible oil exports and imports by country, connecting exporters with genuine buyers worldwide. The platform’s insights allow businesses to optimize trade strategies and make informed decisions.
Final Thoughts
India’s edible oil export market is growing, with significant global opportunities for Indian exporters. By adhering to international standards, maintaining quality, and implementing effective marketing strategies, Indian exporters can capitalize on this expanding sector. Exportimportdata.in offers the resources needed to support this journey, ensuring access to reliable and actionable data.
FAQ
Who are the top edible oil exporters from India?
Key exporters include Adani Wilmar, Agro Tech Foods Ltd., BCL Industries, Bunge India, and Cargill India.
Which countries import the most edible oil?
China, the Netherlands, the U.S., Malaysia, and Germany are among the largest importers.
What is the market growth expectation for edible oils in India?
The market is expected to grow from 24.7 million metric tons in 2023 to 27.9 million metric tons by 2032.
How much edible oil did India export between March 2023 and February 2024?
India exported 7,070 shipments, with a 115% increase compared to the previous year.
For more details on India’s edible oil export statistics and to connect with potential buyers, visit Exportimportdata.in.
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