31-Oct-2024
Key Highlights:
Around the world, edible oils are widely utilised in both home cooking and industrial food production. In India, due to the major use of edible oil in cooking practices, it is highly consumed. Indian food is complete with edible oil, whether it is pakoras of the north or vada of the south.
In this blog, we will discuss the data on the import of edible oil in India. Furthermore, we will delve into the top edible oil importing countries and importers of edible oil in India.
India produced over 11 million metric tonnes of edible oil domestically in the fiscal year 2023-2024.
However, the nation consumes between 24 and 25 million metric tonnes each year.
India must therefore import edible oil from other nations to match supply and demand.
As per edible oil import data years, the amount of Indian edible oil imports has increased significantly, from $2.2 billion in 2006–07 to $15 billion in 2023–24.
Edible oil import in India come from nations like Brazil and Argentina, as well as palm and soybean oils from Indonesia and Malaysia. Several factors make India one of the largest importers of edible oil in the world, including:
As India's population and financial stability grow, so does the need for edible oils. Domestic production can only provide a little more than 30% of India's edible oil demand. The world's supply of vegetable oil has been constrained by droughts and other problems, such as the conflict between Russia and Ukraine.
About 57% of India's edible oil needs are met by imports, with palm oil accounting for over 59% of those imports. India imported 119.35 lakh metric tonnes of edible oil in the first nine months of 2023–24, a 1.6% drop from the year before.
According to edible oil import data, the imports of edible oil in India were 15.63 lakh metric tonnes in August 2024, a 16% drop from 18.66 lakh metric tonnes in the same month the previous year.
164.7 lakh metric tonnes of edible oil were imported by India in 2022-2023, a 17.39% increase over the previous year.
Indian edible oil imports are done in varieties, including
India is the world's seventh-largest importer of edible oil in the world. About 70% of India’s vegetable oil needs are imported from foreign nations, mostly from Brazil, Argentina, Malaysia, Indonesia, Russia, and Ukraine.
The following is a list of the top edible oil HS codes:
|
Edible Oil HSN Code |
Product Description |
|
1509 |
Olive oil and its fractions, whether or not refined but not chemically modified. |
|
1510 |
Palm oil and its fractions, whether or not refined but not chemically modified. |
|
1511 |
Coconut (copra), palm kernel or babassu oil, and fractions thereof, whether or not refined but not chemically modified. |
|
1512 |
Other vegetable oils (including groundnut, soyabean, sunflower, maize, and sesame oil) and their fractions, whether or not refined but not chemically modified. |
|
1513 |
Other vegetable oils and their fractions, whether or not refined but not chemically modified. |
|
1514 |
Marine oils and their fractions, whether or not refined but not chemically modified. |
|
1515 |
Animal oils and fats, whether or not refined but not chemically modified. |
|
1516 |
Animal or vegetable fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified, or elastanized, whether or not refined but not further prepared. |
|
1517 |
Prepared edible fats |
So, these are the prominent edible oil HSN codes. To get a detailed list of HS codes of edible oil or edible oil importers in India, explore edible oil import data at our dashboard of Exportimportdata.in
The following is a list of the main importers of edible oil:
|
Edible Oil Importing Countries |
Edible Oil Import Data (Import Value) |
|
China |
US$ 786 million |
|
Germany |
US$ 225 million |
|
United States |
US$ 325 million |
|
Malaysia |
US$ 271 million |
|
Netherlands |
US$ 515 million |
According to data on edible oil imports, these are the leading edible oil importing countries. China is the largest importer of edible oil in the world, with an import value of US$ 786 million. In terms of Indian edible oil imports, India is in the top ten, but it is the biggest importer of palm oil specifically. Other significant importers of edible oil include Spain, Italy, Pakistan, and Egypt. Contact Exportimportdata.in for a comprehensive list of all the leading edible oil importers in India, details on edible oil import in India, and other pertinent information.
The list of edible oil importers in India is as follows:
It is India's leading converter of crude palm oil. The company is also one of the largest edible oil importers in India and India's fastest-growing "food manufacturing consumer goods" companies.
The Netherlands, the world's fourth-largest importer of palm oil (1.38 million metric tonnes), was outspent by Adani Wilmar in 2023.
Cargill manufactures, refines, and markets edible fats and oils, such as palm oil. Cargill's supply chain for palm oil includes plantations, mills, trading, and refining.
At seaports and other upland locations, Bunge India Private Limited (BIPL) is actively engaged in the sale of crude and processed soybeans, crude palm oil, and palm oil.
Additionally, the company's commitment to sustainable sourcing and high-quality products has helped it establish itself as a trustworthy supplier in the market for Indian edible oil imports.
Along with hair care, skin care, male grooming, and fabric care, Marico is a major player in the palm oil industry. To maintain its wide range of edible oils and offer clients premium goods, the company import of edible oil in India.
To lessen its dependency on market players, K S Oils, a well-known edible oil FMCG company with its headquarters located in India, has purchased an extra 53,000 acres to establish its palm oil plantations in Indonesia.
Presently, GARL is among India's top manufacturers and processors of edible and non-edible oils, including palm oil and associated goods.
Additionally known as Sundrop Foods India Private Limited, Sundrop Foods is a privately held company that works in the grain and oilseed milling industry. It is among the India largest importer of edible oil and other edible products in India.
It is an import-export business that connects buyers and manufacturers in other countries. Its products include palm oil, sugar machinery, elevators, industrial mixers, plant machinery, and saltwater filtration technologies.
Ruchi Soya is one of the largest producers and importers of edible oil, with plantations in Andhra Pradesh, Karnataka, Mizoram, Gujarat, Odisha, Tamil Nadu, and Chhattisgarh. It is a popular brand of edible oil and vanaspati used in baked and fried food.
It is one of the leading manufacturers and suppliers of premium mustard oil, pure mustard oil, refined rice bran oil, refined soy oil, and refined pure vegetable oil, among other products.
Thus, these are the best edible oil importers in India, contributing to the country's growing need for vegetable oil. Alongside them, India is home to numerous reliable and authentic importers of edible oils, such as sunflower and palm oils. Contact them by visiting Exportimportdata.in to acquire edible oil import data.
So, the import of edible oil in India provides lucrative opportunities for global traders. There are several crucial things to consider before buying edible oil from global countries. Exportimportdata.in provides an authentic and genuine list of edible oil importers in India, overseas importers of edible oil, edible oil HSN codes, and more.
Edible oil import data is an invaluable resource for edible oil import companies in India to stand out in the global edible oil trade industry. If you are a business owner looking for updated edible oil import data and need updated insights on edible oil import in India, please connect with our dedicated professionals and schedule a free live demo today!
Edible oil import in India from Indonesia
Edible oil import in India from Malaysia
Edible oil import in India from Thailand
Edible oil importers in India from Argentina
Edible oil importers in India from Chile
Edible oil importers in India from Ecuador
Export Import Data solutions is one of the best online import export websites in India that provides trade data services and trading business information. Currently, Export import data is the best import export data provider and market research companies in India.
China is the largest importer of edible oil in the world. In 2023-24, China imported edible oil worth US$ 786 million.
The world's largest edible oil producer is Indonesia. In 2023, Indonesia produced around 54 million metric tonnes.
The top edible oil importers in India are Adani Wilmar Ltd, Cargill India Pvt. Ltd., Bunge India Pvt. Ltd., Marico Ltd., K.S. Oils Ltd., Gokul Agro Resources Ltd., and Sundrop Foods.
India imports palm oil mainly from Indonesia, Malaysia, and Thailand, while it imports soy oil and sunflower oil from Argentina, Brazil, and Russia.
The leading edible oil-importing countries are China, Germany, the United States, Malaysia, and the Netherlands.
