Non-Liquid Margarine Price in India - 2023
Contents:
- Non-Liquid Margarine Price in India (FOB) - 2022
- Non-Liquid Margarine Price in India (CIF) - 2022
- Non-Liquid Margarine Exports in India
- Non-Liquid Margarine Imports in India
Non-Liquid Margarine Price in India (FOB) - 2022
The average non-liquid margarine export price stood at $2,518 per ton in 2022, reducing by -19% against the previous year. In general, the export price, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2021 an increase of 50%. As a result, the export price attained the peak level of $3,109 per ton, and then declined sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($7,433 per ton), while the average price for exports to Sri Lanka ($1,704 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Price in India (CIF) - 2022
The average non-liquid margarine import price stood at $2,085 per ton in 2022, with an increase of 51% against the previous year. In general, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 248% against the previous year. Over the period under review, average import prices hit record highs at $18,866 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +0.6% per year.
Non-Liquid Margarine Exports in India
Non-liquid margarine exports from India skyrocketed to 261 tons in 2022, picking up by 53% on 2021. Overall, total exports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-liquid margarine exports soared to $657K in 2022. In general, exports recorded a strong increase. The growth pace was the most rapid in 2021 with an increase of 66% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Non-Liquid Margarine in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 14.4 | 29.9 | 14.7 | 235 | 153.7% |
| Nepal | 173 | 140 | 255 | 208 | 6.3% |
| Bhutan | 40.1 | 47.6 | 98.9 | 96.3 | 33.9% |
| Hong Kong SAR | N/A | 1.0 | 44.4 | 34.3 | 485.7% |
| United Arab Emirates | 67.8 | 41.2 | 51.1 | 33.6 | -20.9% |
| Oman | 37.1 | 26.5 | 19.7 | 12.7 | -30.0% |
| Bahrain | 18.9 | 6.9 | 18.2 | 12.5 | -12.9% |
| Malaysia | 12.3 | 13.1 | 5.4 | 11.9 | -1.1% |
| Others | 44.8 | 13.2 | 22.9 | 12.4 | -34.8% |
| Total | 408 | 319 | 530 | 657 | 17.2% |
Top Export Markets for Non-Liquid Margarine from India in 2022:
- Sri Lanka (138.1 tons)
- Nepal (60.7 tons)
- Bhutan (25.4 tons)
- United Arab Emirates (13.8 tons)
- Oman (4.9 tons)
- Bahrain (4.7 tons)
- Hong Kong SAR (4.6 tons)
- Malaysia (4.0 tons)
Non-Liquid Margarine Imports in India
In 2022, approx. 142 tons of non-liquid margarine were imported into India; rising by 936% on the year before. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,057%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, non-liquid margarine imports soared to $297K in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Liquid Margarine in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | 12.9 | 151 | 1070.5% |
| Spain | 66.3 | N/A | N/A | N/A | 0% |
| Sri Lanka | 22.2 | 1.5 | N/A | N/A | -93.2% |
| Others | 0.6 | N/A | 6.2 | 146 | 524.3% |
| Total | 89.1 | 1.5 | 19.0 | 297 | 49.4% |
Top Suppliers of Non-Liquid Margarine to India in 2022:
- Singapore (140.4 tons)
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