India's Groundnut Oil Export: Trends and Global Opportunities

India has carved a unique niche in the global groundnut oil market. As one of the world's largest producers of groundnuts, the country is also a leading exporter of groundnut oil, known as peanut oil. This versatile oil is renowned for its nutritional properties and culinary uses, making it a sought-after product in international markets.

This blog delves into the growing demand for Indian groundnut oil, top export destinations, production trends, and strategies for exporters to thrive in the competitive global market.

India's Groundnut Oil Market: An Overview

Groundnut oil is a preferred cooking medium in many regions thanks to its mild flavor, high smoking point, and health benefits. Apart from its culinary uses, it is widely utilized in cosmetics, medicines, and other applications due to its rich content of vitamins, antioxidants, and healthy fats.

The edible oil market in India is expanding rapidly at an annual growth rate of 8–10%, driven by increasing consumer awareness about heart-friendly oils. This trend has fueled the demand for healthier alternatives, placing groundnut oil as a popular domestic and international choice.

Top Groundnut-Producing States in India

India’s groundnut production is concentrated in a few key states. Below is a snapshot of the top groundnut-producing states and their production values for 2023-24:

  1. Gujarat
  2. Rajasthan
  3. Tamil Nadu
  4. Karnataka
  5. Andhra Pradesh

Gujarat and Andhra Pradesh account for nearly half of India’s groundnut production, with Gujarat leading the charge.

Groundnut Oil Export from India: 2024-25 Insights

Groundnut oil export from India market continues to grow steadily. Between March 2023 and February 2024. Here are key statistics:

  • Total Shipments (TTM): 2,561
  • Number of Exporters: 330
  • Number of Purchasers: 681
  • Growth Rate (YoY): Positive
  • Shipments in February 2024: 241
  • Major Export Destinations: United States, Singapore, UAE
  • Global Total Shipments: 11,787

India’s groundnut oil exports lead the global market, with 11,787 shipments in total. Key destinations include the United States, Singapore, and the UAE, which account for a significant share of the demand.

Top Groundnut Oil-Exporting Countries

India stands at the forefront of groundnut oil exports globally, followed by Brazil and Argentina. Below is a list of the top groundnut oil exporting countries:

  1. India
  2. Brazil
  3. Argentina
  4. Nicaragua
  5. Netherlands
  6. Senegal
  7. Nigeria
  8. United States
  9. Italy
  10. China

HSN Code for Groundnut Oil

Understanding the groundnut oil HSN code is crucial for export compliance.

  • 150810: Groundnut oil and its fractions, whether or not refined but not chemically modified
  • 150890: Other groundnut oils (refined, deodorized, and edible grades)

Top Groundnut Oil Exporters in India

Here is a list of prominent groundnut oil exporters from India:

  • Appu Oil
  • Shiv Sales Corporation
  • Green India (Group of Andavar Lathe Works)
  • Virendra Haribhai Pansara
  • Eywa Seeds and Exports Private Limited
  • Behal International
  • SBH Foods Private Limited
  • Nathubhai Cooverji and Sons
  • Madhur Food Park
  • Karthika Oil Mill

These groundnut oil exporters in India are vital in strengthening India’s position in the global market.

Key Strategies for Export Success

To thrive in the groundnut oil export business, Indian exporters must adopt effective strategies:

  1. Market Research and Targeting:
    • Conduct thorough research to identify high-demand regions.
    • Target markets with limited domestic production but high consumer demand for groundnut oil.
  2. Ensure Product Quality:
    • Adhere to international standards for processing, packaging, and labeling.
    • Invest in organic and cold-pressed oil production to cater to premium segments.
  3. Compliance with Regulations:
    • Understand and comply with export guidelines of target countries.
    • Obtain certifications such as FSSAI, ISO, and USDA Organic to boost credibility.
  4. Leverage Export Data Platforms:
    • Utilize tools like Seair Exim Solutions to analyze market trends, identify buyers, and access real-time export data.

Future Prospects for Groundnut Oil Export

The global edible oil market is expected to grow significantly, driven by increasing consumer preference for healthier and natural oils. Indian exporters can capitalize on this trend by focusing on high-quality products and strategic market penetration.

Conclusion

India’s strong agricultural base and processing capabilities provide a solid foundation for the groundnut oil export market. Exporters can enhance profitability and ensure sustained growth by adopting innovative strategies, adhering to quality standards, and staying informed about global trends. Whether you’re a seasoned exporter or a newcomer, staying agile and informed is the key to long-term success in the international trade of groundnut oil.

If you need detailed market insights or support in accessing export data and HS code, connect with platforms like Seair Exim Solutions to unlock the full potential of the global market.

Location: India

Comments

Post a Comment

Popular posts from this blog

Get the Accurate HS Code for Export of Products

Why HS code? If you are engaging in international trade there are lots of things to deal with. You are bothering to follow the rules and regulations of international trade. Need to acquire knowledge of all the taxes, customs tariffs, licenses, and various documents for smooth running for business. In addition, the  HS code  is the most important detail to be filed to provide more clearance about the product across the world. HS code (Harmonized System of Nomenclature) provides the systematic classification of goods to make the international export process smooth and simple. Harmonized System code  is the world accepted coding system that is developed by the World customs organization. The taxation system becomes so easy by using the HS code system. HS code accuracy is necessary to avoid any hassle at the time of transferring goods to other nations. More than 20000 goods are imported by using the HS code across the world. More than 90% of the international trade is...
Read more

India's Major Ports: Key Hubs for Trade and Economic Growth

Image
As one of the world’s fastest-growing economies, India has experienced a significant increase in international trade. The nation is home to 13 major ports, 12 of which are government-owned, and one privately owned. These ports are crucial to India's economic growth, serving as gateways for imports and exports, and connecting the country to global markets. With a coastline of 7,516.6 kilometers, India's peninsular location positions it as a key player in maritime trade. According to the Ministry of Shipping, 95% of India’s trade by volume is carried out through maritime transport, supported by these 13 major ports and an additional 187 minor and intermediate ports. In this blog, we will explore some of India’s major import and export ports, examine their significance, and look into the largest and busiest ports in the country. India's Major Ports and Their Economic Importance India has one of the largest exclusive economic zones in the world, covering 7,500 kilometers of...
Read more

Pakistan Import Export Trade Data

The Islamic Republic of Pakistan is in South Asia. It is a densely populated country. It is surrounded by Iran, India, Afghanistan, and China. Pakistan is a semi-industrialized and developing economy. Foreign investment in Pakistan has been dropping steadily due to political instability. Pakistan export data has been showing a steady decline. Pakistan export data shows that total exports are 8.79% of the GDP. Pakistan imports have been growing at a faster rate primarily because of the China Pakistan Economic Corridor. The Pakistan import data shows total imports are19.75% of the GDP. Pakistan import data is compiled based on information import documents such as import bills and the bill of lading. The databases contain all the relative information about imports in Pakistan like:- Name and contact details of importers Name and contact details of the seller Product HS Code Product Description Price of shipment Import duties Quantity and total weight Port of Loa...
Read more