India Imports of Olive Oil 2017 Report – List of Olive Oil Importers in India

12 April 2018
Olive Oil Import

The olive oil market in India has been expanding rapidly on the back of increased consumption. India’s total imports of olive oil valued at USD 54753971 in 2017, which rose from 2016’s USD 42578000. The bulk of these imports came from Spain and Italy, which together constitute over 90% of India’s olive oil imports during Jan-Dec 2017. A market research report on olive oil imports into India, which is prepared by Export Genius shows that maximum olive oils shipments arrived in May month. There are 3 types of olive oil, which India imports namely olive oil, extra virgin olive oil and virgin olive oil in which olive oil shared 84% value to the country’s total imports in the said year. Let’s have a complete outlook of Indian market of olive oil with India import statistics of olive oil recorded in the year 2017. 

 

India has become a significant market for olive oil (HS Code 1509) in the recent years. It is due to increased awareness about the numerous health benefits of olive oil. It is no longer perceived as a rich man’s fancy food, but a truly healthy food. However, the use of olive oil and awareness about its health benefits are largely restricted to the upper and middle economic groups of the society in the Indian urban areas. A very large portion of the Indian market is still waiting to be tapped from the olive oil industry.


Indian Import Duty Raises on Olive Oil


In union budget 2018, Finance Minister of India Arun Jaitley has announced a hike in the import duty rates on crude extra virgin olive oil from 12.5% to 30% and import duty rates on refined olive oil from 20% to 35%. View Indian Custom Duty. This move was appreciated by corporates in edible oil sector as it would safeguard domestic industry. However, the hike was criticised by the India Olive Association strongly. IOA President VN Dalmia objected the decision and said, “This is not a crop of India and farmers do not need protection by imposition of import duty. Prices of other edible oils may have declined, but olive oil prices have not experienced any such trend.” He also said that successive droughts in the producer countries mainly Italy and Spain had seen the landed price of olive oil in India in the past few months. If we compare Indian import duty on olive oil with other non-olive oil producing countries, Taiwan and South Korea levy 8% while China levies 10% import tax on olive oil.


Olive Oil Imports into India between Jan-Dec 2017


As per India import data of olive oil, total imports of the product valued at USD 54753971 during 2017. The country received maximum shipments of olive oil in May month, which recorded 14.53% share in value. Here are monthly values of olive oil imports into India.


 Olive Oil monthly

Month

Value (USD %)

Value (USD)

January

6.49%

3554088

February

6.54%

3579357

March

7.00%

3833281

April

8.00%

4382915

May

14.53%

7956644

June

8.40%

4598707

July

6.79%

3717386

August

4.22%

2312900

September

6.03%

3304226

October

9.08%

4971711

November

9.16%

5017848

December

13.74%

7524908


 

India Received Maximum Shipments of HS Code 15099010


India’s imports of olive oil in edible grade, which comes under HS Code 15099010, recorded the highest value in 2017. It recorded USD 37679820 import value. Here is the list of HS Codes in which olive oil types are categorized with their import figures.


 Olive oil HS-code

HS Code

Value (USD %)

15099010

68.82%

15091000

15.85%

15100091

9.43%

15099090

3.00%

15100010

2.45%

15100099

0.45%


 

Olive Oil is the Largest Type Imported into India


India imports olive oil of 3 types namely – Olive Oil, Extra Virgin Olive Oil and Virgin Olive Oil. Among these, the country imported olive oil the most from the world countries during 2017. The import value of olive oil, extra virgin olive oil and virgin olive oil recorded USD 46102721, USD 8619835 and USD 31416 respectively. Here is India import statistics of olive oil types recorded in the said year.


 Type-wise oile oil

Type

Value (USD %)

Olive Oil

84.20%

Extra Virgin Olive Oil

15.74%

Virgin Olive Oil

0.06%


 

Top 5 Olive Oil Brands Imported into India


India purchased olive oil of Figaro brand the most in 2017, which was followed by Borges, Bertolli, Disano and Solasz. The largest type of oil imported of all these brands was olive oil. Here is India shipment data of these brands recorded in the said year.


 Brand Olive oil

Brand

Value (USD %)

Value (USD)

Figaro

30.88%

16905337

Borges

8.75%

4793153

Bertolli

7.85%

4298230

Disano

5.27%

2888268

Solasz

2.56%

1401821


 

Delhi Received the Highest Number of Olive Oil Shipments in 2017


Delhi is the largest area in India, which imports olive oil the most. As per Export Genius 2017 report on olive oil import data of India, Delhi received the highest number of olive oil shipments in the said year. It shared 42.46% value to total olive oil imports. Delhi was followed by Gujarat, Maharashtra, Tamil Nadu and Punjab. Olive oil importers in Delhi purchase the product in huge quantity from countries around the world, particularly Spain. Here is the list of top 5 Indian states that imported olive oil in 2017.  


 State olive oil

 

State

Value (USD %)

Value (USD)

Delhi

42.46%

23245995

Gujarat

39.21%

21471741

Maharashtra

12.79%

7002693

Tamil Nadu

4.03%

2207412

Punjab

0.58%

319267


 

List of Largest Olive Oil Importers in India


If you want to export olive oil to India you can find genuine olive oil importers in Mumbai, olive oil importers in Chennai or any other Indian state or city from our report. For reference, here are top 5 Indian buyers of olive oil with their market share recorded in the year 2017.


          1.    Consumer Marketing (India) Pvt. Ltd.: 39.11%

          2.    Borges India Pvt. Ltd.: 9.55%

          3.    Cargill India Pvt. Ltd.: 8.39%

          4.    Field Fresh Foods Private Limited: 8.23%

          5.    Universal Corporation Limited: 5.27%


If you want to get complete list of buyers of olive oil in India, you can buy our India import data of olive oil with authentic shipment records. For your reference, a sample is given below that will make you understand about the fields.


HS Code

15091000

Product Description

Extra Virgin Olive Oil - Athena Brand - Pet B.500ml 12 Bottl - Es X 120 Cartons X 1 Pallets, Edible Grade

Foreign Country

Spain

Brand

Athena

Type of Olive Oil

Extra Virgin Olive Oil

Quantity

660

Unit

KGS

Total Value (USD)

2939.41

Date, Indian Importer Name & Foreign Exporter Name with Contact Details, Indian & Foreign Port, etc.

***Available on Purchase Only


 

India Imported Olive Oil Mostly from Spain in 2017


Where to buy olive oil? Spain is the world’s largest producer of olive oil from where you can import the product into India. Spain and Italy continued to dominate Indian imports of olive oil during Jan-Dec 2017 providing 71.74% and 24.18% respectively. Here is the list of 5 largest countries from where India imported olive oil the most during 2017.


 Olive oil Import

Foreign Country

Value (USD %)

Value (USD)

Spain

71.74%

39281433

Italy

24.18%

13237627

Tunisia

2.54%

1392659

Turkey

0.74%

406101

Portugal

0.24%

132957


 

India’s Nhava Sheva Sea Port Recorded Highest Olive Oil Shipments in 2017


Among Indian ports, Nhava Sheva Sea received the highest number of olive oil shipments during 2017. It is also known as Jawaharlal Nehru Port or JNPT. Here is the list of top 5 ports of India where shipments of olive oil arrived in 2017.


 Port-wise olive oil

Indian Port

Value (USD %)

Value (USD)

Nhava Sheva Sea

67.54%

36980313

Mundra Sea

15.82%

8660996

Chennai Sea

8.38%

4587926

Kolkata Sea

3.96%

2166023

Tuglakabad ICD

1.03%

566664


 

About Indian Olive Association


The olive oil industry in India received a major boost in 2007 with the formation of the Indian Olive Association (IOA), which became the apex body for producers, importers and consumers of olive oil in India. The aims of IOA is to promote the consumption of olives and olive oil & expanding the market, represent the industry in front of the government, increase awareness about the health benefits of olive oil, introduce standardization in the industry & market and establish procedures to assure accurate labelling for the various grades & types of olives & olive oil.


Why to Buy Export Genius Report on Olive Oil Imports into India 2017?


1.  Our report helps foreign companies in finding the trusted Indian buyer of olive oil for exporting the product.

 

2.  Indian importers of olive oil can find active suppliers in Spain or any other country from our data.

 

3.  Companies of olive oil can monitor shipments of their competitors from customs details.

 

4.  Businesses can analyse the market components such as price, quantity, etc. for better company decisions.

 

5.  Logistics companies can reach out to new customers by knowing largest Indian and foreign ports managing shipments of olive oil.

 

6.  Banks can increase number of customers by getting information of top Indian companies importing and foreign companies exporting olive oil.

 

To buy our market research report and data, e-mail us at info@exportgenius.in.


For any media related enquiries, please contact us at press@exportgenius.in.

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