Complete Guide to Edible Oil Export from India
Edible oil, a liquid fat extracted from various plants, is a crucial ingredient in cooking, baking, and frying across the globe. In India, edible oil is a staple in the kitchen, with approximately 22.5 million tonnes consumed domestically. Interestingly, India is not just a major consumer but also the largest producer and a leading exporter of edible oil. In this blog, we’ll dive into the data on edible oil exports from India, highlight the top exporters, and provide insights on how to successfully export edible oil from India.
Understanding the Edible Oil Market
Market Size and Value By 2024, the global edible oil industry is expected to generate a revenue of $126 billion, with a projected annual growth rate (CAGR) of 6.40% between 2024 and 2029. India stands out as the top revenue generator and is expected to earn $34,750 million by 2024. The edible oil market is also anticipated to grow to 29.22 billion kilograms by 2029, with a 3.3% increase in volume by 2025.
India’s Edible Oil Market: In 2023, India’s edible oil market reached 24.7 million tons. The IMARC Group projects this market to grow at a CAGR of 1.35%, reaching 27.9 million tons by 2032. India’s vast agro-climatic zones allow for a wide variety of oilseed crops, making the country a powerhouse in vegetable oil production.
Edible Oil Production in India: India produced around 859,667 metric tonnes of edible oil in the 2022–23 period, accounting for 5–6% of the world’s vegetable oil production. Key oilseeds produced in India include mustard oil, coconut oil, sesame seed oil, cottonseed oil, and sunflower oil. The leading oilseed-producing states are:
- Andhra Pradesh
- Gujarat
- Haryana
- Karnataka
- Madhya Pradesh
Edible Oil Export from India: 2023–24 Overview
India’s edible oil export market has seen significant growth. Between March 2023 and February 2024, India shipped 7,070 shipments of edible oil, marking a 115% increase from the previous year. During the 2022–2023 fiscal year, 3.46 million tons of oil meals, oilseeds, and minor oils were exported, valued at Rs 14,609 crores.
Top Exporting Countries India is one of the top three edible oil exporters globally, alongside Argentina and Indonesia. India leads the pack with 48,668 shipments, followed by Indonesia with 41,349 shipments, and Argentina with 37,851 shipments. The primary markets for India’s edible oil exports are China, the Netherlands, and the United States.
February 2024 Snapshot In February 2024 alone, 503 shipments of edible oil were recorded, though this represented a 5% year-on-year decrease compared to February 2023 and a 14% decrease from January 2024.
Leading Edible Oil Exporters in India
Here are the top 10 edible oil exporters in India:
- Namita Organic Foods
- Swarajya Global Industries
- Gold Mohar Oils
- Tuljai Industries
- Dalda Vanaspati
- Sri Basant Oils Ltd.
- AJ-Overseas Trade
- Shiv Nandi Oil
- Omkar Logistics and Export
These companies are key players in India’s edible oil export market, exporting significant quantities to various international markets.
Global Edible Oil Exporting and Importing Countries
Top Exporters: The largest edible oil exporting countries are:
- Malaysia — $1.66 billion
- Indonesia — $1.52 billion
- Netherlands — $424 million
- Germany — $354 million
- China — $342 million
Other notable exporters include Sweden, the United Arab Emirates, Bulgaria, the Russian Federation, and the European Union.
Top Importers: The leading edible oil importing countries are:
- China — $786 million
- Netherlands — $515 million
- United States — $325 million
- Malaysia — $271 million
- Germany — $225 million
These countries represent the major markets for edible oil, offering lucrative opportunities for Indian exporters.
How to Successfully Export Edible Oil from India
Edible oil export from India can be a profitable venture if done correctly. Here are the essential steps:
- Conduct Market Research: Identify the best markets for your edible oil export. Utilize platforms like Seair Exim Solutions to access detailed market insights and export data.
- Obtain Necessary Authorizations and Certifications: You’ll need multiple licenses and permits, including a PAN card, Packaging list, Phytosanitary certificate, Commercial invoice, Quality certification, Bill of lading, Certificate of origin, and Shipping bills.
- Find Relevant Buyers: Locate potential buyers through trade shows, official websites, and online platforms. Seair Exim Solutions can provide you with a list of international buyers, suppliers, products HS codes, and their contact information.
Once these steps are completed, you can arrange to ship your edible oil through a shipping company or freight forwarder.
Final Thoughts
Are you thinking about exporting edible oil from India? It can be a highly profitable business with careful planning, quality control, and compliance with international trade regulations. For edible oil export data, visit Seair Exim Solutions. We can help you connect with reliable buyers and provide the latest market insights. Get started today by scheduling a free demo with us!
