Vegetable Oils Market Overview in India
In value terms, vegetable oils production totaled $ in 2019 estimated in export prices. In general, the total production indicated a resilient expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The pace of growth was the most pronounced in 2011 when the production volume increased by % y-o-y. Vegetable oils production peaked in 2019 and is likely to continue growth in the near future.
The size of the vegetable oils market in India expanded notably to $ in 2019, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2012; afterwards, it flattened through to 2019.